Shared and layered property insurance

Argo Property offers primary and excess capacity on a shared and layered basis for insureds with greater than $50 million of total insurable value (TIV).

What is a layered insurance policy?

Layering — the building of a program of insurance coverage using the excess of loss approach. Layered programs involve a series of insurers writing coverage, each one in excess of lower limits written by other insurers.

What are the three most common kinds of property insurance?

​Comprehensive, basic/named perils, broad and "no frills" are typical home insurance policies.

What is primary layer insurance?

Primary insurance is the policy that covers a financial liability for the policyholder as a result of a triggering event. Primary insurance kicks in first with its coverage even if there are other insurance policies. Excess insurance covers a claim after the primary insurance limit has been exhausted or used up.

What is insurance placement?

Placement of insurance means the initial purchase of an insurance product or the renewal of an existing product unless the insurer independently generates and processes the renewal without the agent's participation or involvement.