Bankers Insurance Group
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Publicly available information from Bankers Insurance Group is marketing- and consumer-focused and does not publish formal, line-by-line underwriting or appetite guides on the open website. Detailed underwriting rules, eligibility, and submission workflows appear to be accessible only through the secure Agent Portal. Operational guidance that can be inferred for currently marketed products: 1) Builders Risk (Residential & Light Commercial) - Target business: Remodeling, renovation, and new "ground-up" residential and light commercial construction projects, up to three stories and project limits up to $10M per job site. Intended for general contractors, property owners, and homeowners with construction loans. - Geographic appetite: Available in selected coastal and catastrophe-exposed states: AL, AZ, FL, GA, LA, MS, NC, SC, TN, TX, and VA. - Risk posture: Focus on standard residential/light commercial construction risks; policy is intended to fill the gap where homeowners/property policies do not respond during construction. Typical builders risk perils such as fire, vandalism, theft, and certain weather events are contemplated. Flood, earthquake, terrorism, and other catastrophic perils are highlighted as typical exclusions or requiring optional coverage, so agents should not assume these are included. - Declined or restricted risks (inferred): Projects outside listed states; projects above three stories or over $10M TIV; heavy commercial, industrial, or specialty construction outside “residential and light commercial”; risks needing flood/quake/terrorism unless specifically endorsed in a separate placement; projects without clear start/completion timelines. - Submission/agent notes: Quotes obtained via appointed agents; site encourages agents/borrowers to confirm the contractor has appropriate builders risk coverage in place. For quotes, agents and prospects are directed to a request/estimate workflow or to "Find an Agent." Underwriting details (inspection, protection class, structural requirements) are controlled inside the agent portal and not published. 2) Residential Flood (Primarily NFIP Write‑Your‑Own and some private/excess access) - Product scope: Residential flood for single-family and 2–4 family dwellings with NFIP building coverage limits up to $250,000 and optional contents coverage up to $100,000. Coverage applies to building elements such as foundation, electrical/plumbing, central HVAC, water heaters, built-in appliances, with contents coverage available by endorsement. - Target business: Homeowners in all flood zones, with emphasis that “low risk” does not mean “no risk.” Bankers is an authorized NFIP carrier, so base eligibility largely follows NFIP rules (e.g., insurable property in NFIP-participating communities). - Key underwriting considerations (NFIP-based): Rating and pricing uses FEMA Risk Rating 2.0, incorporating flood frequency, flood type, elevation, and cost-to-rebuild. Mandatory 30‑day waiting period for new policies except for loan closings, recent map changes, and other NFIP-defined exceptions. Properties must be in communities that participate in the NFIP. Sewer/drain backup must be directly caused by flooding to be covered. - Restricted/declined classes (inferred from NFIP rules): Structures not meeting NFIP building definitions, certain basements or below-grade improvements, severe or repetitive loss properties subject to NFIP limitations or mitigation requirements, properties in non-participating communities, or applications seeking coverage effective immediately without an eligible exception to the 30‑day wait. - Geographic/legislative notes: Bankers specifically calls out Florida’s Senate Bill 2‑A mandatory flood requirement for Citizens policyholders; they highlight a role as a market for those needing flood to comply. Agents should confirm Citizens-driven flood requirements and coordinate effective dates to satisfy lender and Citizens mandates. - Submission/agent instructions: Residential flood quotes are requested via an online form that collects name, contact details, property address, and whether flood coverage already exists. Bankers writes NFIP as an authorized carrier and has access to several private and excess flood markets; private/excess products are issued and serviced by partner carriers, not Bankers, so agents must follow each partner’s eligibility rules. All detailed underwriting, documentation, and endorsement standards are driven by NFIP and partner-carrier rules accessible through the agent portal or vendor platforms. 3) Commercial Flood - Product scope: Commercial flood coverage for buildings, business personal property, and, where available, business interruption or extra expense. Marketing emphasizes protection for businesses in areas prone to flooding, including those not mapped in a special flood hazard area. - Target business: Commercial occupancies exposed to flood in the US, including coastal businesses and those outside high-risk flood zones that still face surface water or drainage exposures. - Appetite/positioning: Bankers is recognized as a top commercial flood insurance provider and emphasizes fast quoting, clear communication, and responsive claims management for agents and insureds. They promote a coastal and catastrophe-oriented specialty capability. - Restricted or declined classes (inferred): Extremely high-hazard locations or severe/repetitive loss properties that fail NFIP or private-flood underwriting; properties outside NFIP communities or ineligible for private-flood partner programs; occupancies or construction types excluded by NFIP or by private carrier guidelines (e.g., some heavy industrial, unique structures, or specialized coastal installations). Specific disqualifiers are not listed publicly and appear to be handled within internal guidelines. - Submission/agent instructions: Commercial flood is distributed via independent agents. The website provides a lead form for quotes (contact details, address, prior flood insurance). For appointed agents, quoting, document upload, and formal submission appear to run through the secure Agent Portal. Underwriters expect full property location details, current and prior flood coverage, and any loss history; additional requirements, such as elevation certificates or photos, are likely driven by NFIP/private market standards rather than by separate public Bankers rules. 4) Business Owners Policy (BOP) - The public site confirms Bankers actively markets a Business Owners Policy product but does not post open underwriting or eligibility criteria. Internal rule manuals and appetite guides for non-residential BOP appear to be maintained outside the consumer site. - Inferred appetite: Small to mid-sized commercial insureds in coastal and catastrophe-exposed states, consistent with Bankers’ positioning as a coastal specialist. Classes likely include main-street mercantile, offices, and other light commercial occupancies. Notably, they stress coastal wind capacity on the corporate homepage, implying a willingness to write coastal BOP property exposures where many standard carriers are retrenching. - Restricted/declined risks (inferred from their focus and from typical coastal BOP practice): Heavy manufacturing, high-hazard habitational (large frame apartment complexes, nursing homes, assisted living), large frame hospitality, high-protection-deficiency risks, or accounts with severe CAT or fire loss history. Mixed-use and multi-occupancy are probably underwritten conditionally and may require that all occupants fall within eligible class codes. - Submission/agent instructions: BOP is accessed through independent agents with agency appointment via "Become an Agent" and policy servicing/quoting through the secure Agent Portal. Agents should expect to follow internal class-eligibility lists, minimum premium/TIV guidelines, inspection results, and prior insurance/loss-history thresholds not posted publicly. 5) General producer/broker notes - Access model: All underwriting tools, binding authorities, and appetite documents are restricted behind the Agent Portal (secure4.bankersinsurance.com). Public-facing content directs consumers to find an agent and directs agents to log in for quoting and service. - Catastrophe and coastal focus: Bankers markets itself as a coastal specialist providing consistent wind capacity in coastal areas and in-house catastrophe claims management. Agents should expect close underwriter review for high-CAT exposures and may encounter stricter building requirements, deductibles, and mitigation expectations (e.g., roof condition, elevation, shutters) than in non-coastal markets. - Service expectations: They emphasize strong Net Promoter Scores and ease of doing business, suggesting underwriters may be accessible and responsive for referrals on borderline risks. For non-standard or higher-hazard accounts (older structures, complex flood exposures, gaps in prior coverage, or adverse loss history), best practice is to pre-clear with underwriting via agent channels rather than assuming eligibility. Because formal, line-specific underwriting manuals and eligibility grids are not posted publicly, producers should rely on the Bankers Agent Portal, NFIP documentation for flood, and any distributed BOP/builders risk manuals for definitive rules on class eligibility, construction, loss history thresholds, and documentation requirements.