Great Bay Insurance Company
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
PRODUCT & FORM - Admitted NJ coastal homeowners writer; focuses on primary, secondary/seasonal, and part‑time rental coastal homes.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/?utm_source=openai)) - Products: ISO-based HO-3 and HO-5 homeowners, plus a Dwelling Fire product written on the HO-3 form.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Flexible design: Coverages B (other structures), C (contents), D (loss of use), E (liability), F (med pay) are optional and can be reduced to $0 or increased within stated limits. ELIGIBILITY & PREFERRED BUSINESS - Geography: New Jersey coastal homeowners; program marketed specifically for coastal NJ with no stated distance-to-coast restriction in program material.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Occupancy: Primary, secondary/seasonal, and part‑time rental occupancies are eligible.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Construction year: 1950 and newer is standard; pre‑1950 is acceptable on referral.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Coverage A limits: $100,000 minimum; up to $4,000,000 Coverage A with maximum TIV $4,000,000 for both HO‑3 and HO‑5.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Eligible insured entities: Individuals, trusts, LLCs, corporations, and 2–4 unit condo associations are acceptable named insureds.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Prior losses: Prior loss history is acceptable; company explicitly notes willingness to consider risks with losses.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Can be used to replace a Dwelling Fire policy, indicating appetite for dwelling and rental exposures in coastal areas.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) UNDERWRITING CRITERIA & REFERRALS - Updates (electrical, plumbing, HVAC, etc.): Expect updates within 25 years (approx. 1995+ in the guide); older systems require underwriting referral.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Roof age: Standard up to 20 years; roofs older than 20 years require referral.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Protection class: PC 1–8 eligible; PCs 9 and 10 are ineligible. (Note: overview sheet lists 8–10 as referrals but product guide specifies 9–10 ineligible; treat PC 9–10 as declinations operationally and PC 8 as referral/heightened review.)([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - High value homes: TIV > $1,000,000 require referral but are acceptable within $4,000,000 TIV cap.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Older homes: Any dwelling built before 1950 is a referral rather than an automatic decline.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) RESTRICTED / DECLINED CLASSES - Protection Class 9–10: Treated as ineligible in the product guide; avoid quoting/binding without explicit carrier approval.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Other specific prohibited classes are not listed in the available public guides; assume standard HO exclusions apply and use referral for marginal risks (older systems/roofs, higher TIV, unusual occupancies). GEOGRAPHIC NOTES - Focused solely on New Jersey; materials repeatedly reference “NJ Coastal Homeowners” and coastal NJ expertise.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/?utm_source=openai)) - Marketing language states “no coastal restrictions” and “no distance-to-coast pricing,” signaling a broad appetite along the NJ shoreline compared with standard market carriers.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) COVERAGE STRUCTURE & OPTIONS (OPERATIONAL HIGHLIGHTS) - Coverage A, Dwelling: $100,000–$4,000,000; max TIV $4,000,000.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Coverage B, Other Structures (optional): 0%–100% of Coverage A.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Coverage C, Contents (optional): 0%–100% of Coverage A.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Coverage D, Loss of Use (optional): 0%–50% of Coverage A.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Coverage E, Liability (optional): May be excluded entirely or written at $100,000, $300,000, $500,000, or $1,000,000.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Coverage F, Medical Payments (optional): 0, $1,000, $2,500, $5,000, or $10,000.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Deductibles: AOP minimum $1,000; options up to $10,000. Optional wind and hurricane percentage deductibles (1%–5%) available but not mandatory.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) ENDORSEMENTS & PROGRAM FEATURES - Extended Replacement Cost: 125% or 150% options on dwelling.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Water backup: Coverage available up to $75,000.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Mechanical breakdown: Optional coverage for home systems for an additional premium.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Loss assessment: $1,000 included; higher limits ($5,000, $10,000, $25,000) purchasable.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Jewelry/valuables/collectibles: Blanket or scheduled personal articles available for additional premium.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Personal injury: $100,000 personal injury coverage available for modest additional premium.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Replacement cost on contents: Optional (+15% load).([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Coverage C all‑risk upgrade: Optional enhancement of personal property perils (+10% load).([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Mold & fungi: $10,000 PP / $50,000 liability included; higher limits available (up to $50,000 PP and $100,000 liability).([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) - Increased Ordinance or Law: 10% included; 25% and 50% options available for additional premium.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Insurance-Product-Guide-v6-092619.pdf?utm_source=openai)) DISCOUNTS & PRICING LEVERS - Auto companion discount (through same agency) ~10%. - New purchase/lease or prior insurance discounts ~10%–20%. - Loyalty discount beginning in year 2 (~5%). - Age 65+ insured discount (~7%). - Loss‑free new business discount (~10% for 3‑year loss‑free).([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Primary home discount (~9%). - Year‑of‑last‑update surcharges/credits: newer updates price favorably.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) SUBMISSION & BROKER/PRODUCER NOTES - Written through independent agencies; Great Bay Underwriting Services, Inc. is the producer‑entity that provides non‑claims services and handles underwriting for GBIC.([nj.gov](https://www.nj.gov/dobi/division_insurance/solvency/finexamrpt16620greatbay2023.pdf?utm_source=openai)) - Property inspections: three options – (1) traditional third‑party field inspection, (2) insured self‑inspection via mobile app, or (3) no inspection with a +35% surcharge (insured’s choice). Producers should clarify inspection choice with applicants.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Consent‑to‑rate is available for customized rates and special risks; coordinate with underwriting where standard rating is inadequate.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - Flexible installment plans: 1, 2, or 4‑pay options; accepts credit/debit cards and EFT for payments.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) - No credit scoring or insurance scoring and no mandatory replacement‑cost calculator, which simplifies quoting and may improve hit ratio for coastal submissions.([greatbayinsurancegroup.com](https://greatbayinsurancegroup.com/wp-content/uploads/2019/09/Great-Bay-NJ-Coastal-Homeowners-Program-Overview-v8-092619.pdf?utm_source=openai)) OPERATIONAL TAKEAWAYS - Target: Well‑maintained NJ coastal primary/secondary homes with updated systems, roofs ≤20 years, TIV up to $4M, and PC 1–8. - Use referral: Pre‑1950 construction, older updates (>25 years), roof >20 years, TIV >$1M but ≤$4M, PC 8, or unusual entities/association structures. - Decline or seek explicit exception: Protection Class 9–10 and any risk outside NJ. - For producers, lead with flexibility in limits, optional liability/med pay, and strong coastal appetite (including prior losses), but screen for update/roof age and PC before submission.