Broome Co-operative Insurance Company
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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
Broome Co-operative’s published underwriting guidelines (Version 1.0, effective 1/1/2022) apply to personal and commercial lines written through New York independent agents. GENERAL / OPERATIONAL - Emphasis on accurate risk development; guidelines are subject to NY law and include a formal anti‑discrimination statement. - Minimum written premiums: BOP Standard $250; BOP Deluxe $350; Commercial Fire (CFP) $100; General Liability $250; Artisan (ACE) $500; Renters (HO-4) $150; Inland Marine $25. Commercial Package (CPP) minimum retained premium $150; BOP $100; ACE $350.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Credits available: new home, renovation, claims-free, sprinkler; additional company-level credits possible on commercial lines (refer to line manuals).([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Equipment breakdown offered on HOP, MOP, LLP, BOP, CPP; Service Line coverage on HOP, MOP, LLP (rated per line manuals).([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Rating: year built and year of renovations, and presence of canine, pool, and trampoline are required data fields. - Renewal survey required at least every 3 years. PERSONAL LINES – KEY ELIGIBILITY & DECLINES Homeowners (standard forms) - Not eligible: dwellings occupied less than 9 months per year (use Seasonal/Secondary), Coverage A < $50,000, RC < 80% of full replacement cost, ACV < 60%, singlewide or doublewide manufactured homes (use Mobile Home program), underground fuel tanks, seasonal dwellings on forms other than Form 1 without prior underwriting approval.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Dwellings on piers: considered case-by-case for ACV or RC; underwriting approval required before binding. Homeowners – Broome’s Best & HO-5 - Minimum Coverage A $150,000 for new business. - Must be insured to at least 90% of replacement cost (per E2 Value). - Not eligible: unprotected protection class, dwellings/outbuildings not well maintained or designed for business/farm use, primary residence unoccupied more than 30 consecutive days per calendar year, presence of incidental business or farm/commercial premises liability on site.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Binding: agents cannot bind into Broome’s Best or HO-5; risks must be submitted and accepted by company. If qualified, coverage is backdated to inception. Agents may temporarily bind under other eligible programs pending company decision. Mobile Home (Singlewide/Doublewide) - Singlewide: minimum Coverage A $20,000; occupancies < 9 months/year not eligible. - All mobile homes are written on ACV only; replacement cost on doublewide without permanent foundation is ineligible; RC on seasonal doublewide Coverage A/C is ineligible without prior approval.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) Landlord Package Policy (LLP) - Not eligible: >4 family dwellings; unoccupied dwellings; no written tenant maintenance agreement when required; missing local manager contact where required; RC < 80% of E2 value; ACV < 60%; singlewide mobile homes; student housing exceeding 2 students per unit or 8 total; absence of fully executed leases by all tenants.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) Gentleman Farms (HO7500) - Not eligible: farm receipts exceeding $10,000 or more; boarding and riding lessons require underwriting approval. Dwelling Fire / Farm Fire / Builders Risk - Not eligible: >4 families (refer to commercial); RC < 80% or ACV < 60% of replacement cost; vacant property without prior approval (vacant only eligible on ACV, Fire & EC without VMM, minimum $1,000 deductible, $300,000 max liability).([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Vacant risks require photos of all four sides of primary structure and all outbuildings with application. - Builders Risk: properties must not have broken ground to qualify under certain forms; photos of building site required. Personal Lines Optional Endorsements – Key Restrictions - Bed & Breakfast: >4 rooms not eligible (refer to commercial guidelines). - Child Care: >3 children ineligible. - Dogs: excluded/declined if any attack-dog training, any prior bite/aggressive history, or more than 3 dogs; any exception must be discussed and approved prior to binding. - Horses: more than 3 horses not eligible. - Scheduled Personal Property: items ≥ $1,000 must have appraisal or receipt dated within 1 year of effective date. - Snowmobiles and boats: physical damage (and liability for snowmobiles) are not eligible in certain personal lines contexts; swimming pools require prior underwriting approval.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) COMMERCIAL LINES – KEY ELIGIBILITY & DECLINES Businessowners Policy (BOP) - Minimum property limit: property coverage < $10,000 not eligible. - Not eligible: non-operating businesses; RC < 80% or ACV < 60% of full replacement cost; restaurants where food sales are < 75%; apartments with more than 60 units; auto repair/auto sales; churches; manufacturing risks.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) - Properties rented to short-term tenants for more than 12 weeks require prior underwriting approval. - Liquor legal liability always requires prior underwriting approval. Commercial Package Policy (CPP) - Not eligible: RC < 80% or ACV < 60%; restaurants with food sales < 50%; student housing without signed lease agreements; Builders Risk once construction has started; properties rented to short-term tenants longer than 12 weeks without underwriting approval; buildings vacant more than 1 year are subject to underwriting approval.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) Commercial Fire (CFP) - Same core property valuation requirements: RC < 80% or ACV < 60% of full replacement cost is not eligible. - Builders Risk not eligible once construction has started. Artisan Contractors (ACE) - Target appetite: smaller artisan contractors with modest receipts, low employee count, and limited subcontracting. - Not eligible: property coverage < $2,500; ACV < 60% or RC < 80% of replacement cost; employers with 21+ employees; gross receipts > $1.5M; accounts subcontracting 25% or more of work; general contractors; projects where roofing is more than 10% of work (and any account where roofing is the primary operation); any snow removal exposure; risks seeking $1M liability limits without either 10 years’ experience or 5 years’ prior, loss-free equivalent coverage; employers without an in-force workers’ compensation policy.([bcicny.com](https://bcicny.com/wp-content/uploads/2022/01/Broome-2022-UW-Guidelines-Version-1.0-Effective-1-1-22.pdf)) GEOGRAPHIC & DISTRIBUTION NOTES - Carrier is a regional NY property and casualty insurer writing personal and business lines throughout New York via independent agents.([agencyequity.com](https://www.agencyequity.com/listings/insurance-carrier-directory/broome-co-operative-insurance-company?utm_source=openai)) - Protection class and occupancy requirements (e.g., no unprotected classes for higher-end HO forms; minimum occupancy durations) are enforced across many products. SUBMISSION / PRODUCER NOTES - Agents must provide: construction year and renovation year, occupancy, exposure details (dogs, pool, trampoline), and replacement cost valuation inputs (E2 value) on all property submissions. - Photos: required for all vacant dwelling fire risks (4 sides of building plus all outbuildings) and Builders Risk sites. - Broome’s Best and HO-5: agents cannot bind; must submit for company approval. If accepted, coverage is backdated to inception; interim binding may be under standard programs. - Short-term rental exposures beyond 12 weeks and student housing require explicit underwriting review and, where indicated, prior approval. - Liquor legal liability (BOP/CPP) and certain higher-hazard or atypical occupancies must be reviewed and approved by underwriting prior to binding. Overall, the appetite favors well-maintained, adequately insured NY personal lines (standard homeowners, landlord, small farms, mobile homes) and smaller, main-street type commercial risks with conservative property valuation, limited hazard exposures, modest size, and strong risk controls, while declining large habitational, auto-related, manufacturing, high-liquor restaurants, general contractors, heavy roofing, and snow removal exposures.