NYCM Insurance

Carrier appetite summary

NYCM is a New York–focused personal lines carrier; all property business is written through appointed independent agents. Home products (HO and DF/landlord) are intended for standard, well‑maintained 1–4 family residential risks in NY state only. Agents must confirm that risks meet underwriting and inspection standards and submit complete, accurate applications through NYCM’s systems; many risks with higher values or non‑standard features require prior underwriting approval. Preferred / target business (home-related): - Owner‑occupied 1–4 family dwellings used as primary residences in New York, in protected public fire protection classes (generally PC 1–8) with no unusual loss activity. - Well‑maintained dwellings with modern utilities and no adverse construction features; for rentals, 1–4 family units with responsible tenants and written leases. - Coverage A values under $500,000 in PC 9 and under $1,000,000 overall for DF / rental risks, with no significant prior losses and not under renovation or construction. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) Risks requiring prior underwriting approval (DF / landlord and a good proxy for broader property appetite): - Any home with Coverage A ≥ $500,000 in Protection Class 9 or Coverage A > $1,000,000 in any PC. - Protection Class 10 risks. - Historical homes, homes under renovation or construction, log homes, vacant dwellings, mobilehomes over 15 years of age. - Seasonal/secondary residences or rental units that do not have an in‑state primary residence supporting them. - Any risk with losses within the past 5 years. These must be referred to an underwriter with full details before binding. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) Ineligible / declined property risks (DF guidelines – treat as minimum standard unless HO rules expressly differ): - Any business conducted on premises, including Bed & Breakfast operations. - Student housing or rooming houses; boarding/room‑renting exposures are not acceptable under personal lines forms. - Frame row houses, spec homes, converted commercial buildings. - Dwellings with outdated or hazardous utilities: fuses, aluminum wiring, knob‑and‑tube wiring, or galvanized incoming water pipes. - Homes using wood heat as the only heat source. - Exotic pets, any dog with a prior bite/aggressive history, and certain listed dog breeds (Pit Bull, American/Staffordshire Bull Terriers, Bull Terriers, American Bulldog and any mixed breed including those types) are unacceptable; these are normally declined or must be removed from the risk. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) Property valuation & inspection requirements: - All risks must pass physical inspection; NYCM may inspect additional locations on the same policy. Interior inspections are completed by the company for homes with higher Coverage A (stated in DF rules as over $750,000). ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) - For 1–4 family rental units written on DF/landlord forms, Coverage A must be at least 50% of estimated replacement cost; a 360Value (or equivalent) cost estimator is required with all new applications. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) - Each deeded property must be written on a separate policy, though multiple dwellings at the same location may be scheduled on one policy when deeded together. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) Liability- and animal-related underwriting notes: - Tenant risks with animals, pools, or trampolines require proof of tenant liability insurance; absence of such insurance may be unacceptable or require underwriter sign‑off. - Certain dog breeds and any animal with bite history are not acceptable; agents should screen these at quote and either exclude the animal from the premises or place the risk elsewhere. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) Geographic notes: - NYCM markets and policies are designed for New York State residences only; availability of coverage, discounts, and credits is subject to program‑specific underwriting guidelines and eligibility requirements. ([nycm.com](https://www.nycm.com/homeowner?utm_source=openai)) - Protection class and inspection outcomes drive acceptability; PC 9 and 10 and high‑value or historic homes in rural areas are specially underwritten and may be declined or heavily restricted. Submission / producer expectations: - All business is written via local independent agents; prospective insureds are directed to ‘Find an Agent’ for quoting and issuance. Agents should pre‑screen for ineligible conditions (business on premises, student housing, hazardous wiring, unacceptable dogs, etc.) before submitting. - New DF/landlord submissions should include: full occupancy details (primary vs rental vs seasonal), any renovation or construction information, loss history for 5 years, 360Value or similar replacement cost report, and any exposures such as animals, pools, trampolines, or unusual liability hazards. ([nycm.com](https://www.nycm.com/Content/PDF/DF_UW_guidelines_061517.pdf?utm_source=openai)) - Agents should expect post‑bind inspections; material adverse findings (unacceptable wiring, business use, prohibited dog breeds, vacant conditions) may trigger mandatory corrective action, coverage restriction, or cancellation/non‑renewal under NY law and company rules. Operationally, treat the attached DF underwriting guide as the baseline for property/landlord risk selection and apply the same disqualifiers (business use, student housing, hazardous utilities, prohibited dogs, unacceptable vacancy/renovation) when pre‑qualifying NYCM homeowner submissions unless you have program‑specific HO guidance that says otherwise.

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