Important: As wildfires continue to affect communities throughout Los Angeles County, we are here to help you and your clients. (Read More)

Specialties Residential Property

Residential Property

Residential Property

Knowledge and Expertise for Hard-to-Place Property

Home ownership is growing in the U.S. and typically, a home is a family’s largest investment. Residential Property Coverage can be hard-to-place and requires experience and expert knowledge of the category.  

From simple to more detailed exposures, Burns & Wilcox provides a deep and wide-ranging grasp of the industries’ complexities and can offer solutions for a substantial variety of Residential Property Coverage needs. 

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Recent Residential Property Wins

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$140,000

$1.3M VACANT HOME

$67,000

$8M HARD TO PLACE HOME IN CALIFORNIA BRUSH LOCATION

$32,119

$7M RENTAL PROPERTY IN DALLAS

$21,478

VACANT, $5 MILLION COV A HOME LOCATED IN HIGH BRUSH IN NORTHERN NEVADA

Frequently Asked Questions | Replacement Cost

Coverage depends on the policy, limits, and any appliable endorsements.
If the cost to rebuild exceeds the amount of insurance available under the policy, the homeowner may be responsible for the additional costs. Some policies may offer additional protection through endorsements such as Extended Replacement Cost Coverage.
Replacement cost estimates are typically based on factors such as the home’s size, construction type, materials, features, and local labor costs. Accurate and up-to-date property information is important, as estimates depend on the quality of the data used.
Yes. Renovations, additions, custom features, and other upgrades may increase the cost to rebuild a home and should be reflected in replacement cost estimates and coverage limits.
Market value reflects what a home could sell for, while replacement cost is the estimated amount needed to repair or rebuild the home using materials of like kind and quality at current prices.
Actual Cash Value (ACV) generally reflects the value of damaged property after depreciation is applied. Replacement Cost Value (RCV) is based on the cost to repair or replace damaged property without a deduction for depreciation.
Rebuilding costs can change over time due to factors such as labor expenses, material prices, building code updates, home improvements, and increased demand following major loss events. Regular reviews can help ensure coverage remains aligned with current rebuilding conditions.

Areas Of Specialty

  • Secondary homes 
  • Coastal and Brush Exposures 
  • High Deductible Options
  • Wildfire Defense Service
  • Builder’s Risk Available 
  • High Liability Limits Available
  • Prior Claims History
  • Unprotected Homes
  • Challenging Credit History
  • HO3 and HO5 forms available
  • Replacement cost and Extended replacement cost available
  • Airbnb exposures
  • Condominiums 
  • Seasonal and Secondary Dwellings 
  • Rental Properties 
  • COC and Builder’s Risk 
  • Vacant Property
  • Monoline wind coverage
  • Earthquake
  • Hobby Farms 
  • In-Home Business
  • Corporately Titles Property
  • DIC and Wrap Coverage 
  • Jewelry
  • Memorabilia
  • Fine Art
  • Collectables
  • Furs
  • Cameras
  • Musical Instruments
  • Wine Collections
  • Diamond Rings

Available Products

  • Primary and Excess Umbrellas
  • Personal Article Floaters
  • Recreational Marine
  • Private Primary and Excess Flood
  • Family Cyber Protection
  • Power Sports Coverage
  • Classic and Antique Autos
  • Sewer Back-up
  • Personal Liability
  • Umbrella Coverage
  • Contents Coverage

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Burns & Wilcox
Recent Residential Property Wins

$140,000

$1.3M VACANT HOME

$67,000

$8M HARD TO PLACE HOME IN CALIFORNIA BRUSH LOCATION

$32,119

$7M RENTAL PROPERTY IN DALLAS

$21,478

VACANT, $5 MILLION COV A HOME LOCATED IN HIGH BRUSH IN NORTHERN NEVADA

$19,000

$2.6M DWELLING ON SULLIVAN ISLAND

$6,239

$1M+ COV A SHORT TERM RENTAL IN THE OZARKS, MO

Eligibility Guidelines

Below are the eligibility guidelines for online binding and issuing Cyber Liability:

– Revenue up to $15M accepted
– 138 Industries Accepted
– Excluded Industries include: adult content, auction sites, data processing, debt collection, direct marketing franchisees, healthcare aggregators, online gambling, payment processors, pos technology, search engines and social media.

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Honoring a True Pioneer

A BURNS  WILCOX ASSESSMENT

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April 16, 2020

Written by

Denis Brady

PRESIDENT, BURNS & WILCOX BROKERAGE

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“Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?”

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State of the Residential Property Market

A BURNS  WILCOX ASSESSMENT

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As wildfires continue to affect communities throughout Los Angeles County, we want to express our heartfelt support for the residents, first responders, and all those working tirelessly to combat these devastating fires.

We understand the challenges posed by this crisis. If you need assistance or have questions about your client's coverage during this time, the team at Burns & Wilcox is here to help.