Unique Market. Broad Appetite.
As a niche provider of specialty personal lines property insurance, Tower Hill Specialty offers residential insurance coverage for risks that are often underserved by conventional national carriers.
Why Tower Hill Specialty?
Tower Hill Specialty is committed to providing excellent claims service and ensuring ease of use for both our strategic partners and policyholders. Our targeted programs provide access to a market specializing in often challenging-to-place risks. This allows producers the opportunity to focus on their primary product lines and helps drive higher overall customer retention.
Products
Tower Hill Specialty offers a range of coverages for homes valued up to $500,000, including seasonal and rental occupancies. Coverage is also available for vacant homes valued up to $1 million.
Recognizing that homes built midcentury or earlier may have experienced multiple claims, we provide actual cash value settlement with replacement cost as an option in most programs. Comprehensive Personal and Premises Liability with limits up to $500,000 are available.
Homeowners
| Guidelines | HO3 Program |
|---|---|
| Age of home | 80 years of age and newer |
| Home value | Up to $500K |
| Occupancy type | Owner-occupied and seasonal; occasional rental coverage available |
| Coverage | Comprehensive |
| Liability | Comprehensive personal or premises up to $500K |
| Fire PC | Any protection class (incl. 9 & 10) |
| Prior claims | Multiple claims acceptable |
| Loss settlement | Replacement cost for home and other structures; ACV for contents with replacement cost optional |
Dwelling
DP1
| Guidelines | DP1 Program |
|---|---|
| Age of home | No restrictions |
| Home value & occupancy type | Up to $500K for owner-occupied; seasonal; rental Up to $1M for vacant homes |
| Coverage | Named perils |
| Liability | Comprehensive personal or premises up to $500K |
| Fire PC | Any protection class (incl. 9 & 10) |
| Prior claims | Multiple claims acceptable |
| Loss settlement | Actual cash value (ACV) |
DP3
| Guidelines | DP3 Program |
|---|---|
| Age of home | 80 years of age and newer |
| Home value & occupancy type | Up to $500K for rental Up to $1M for seasonal and vacant |
| Coverage | Comprehensive; water included |
| Liability | Comprehensive personal or premises up to $500K |
| Fire PC | Any protection class (incl. 9 & 10) |
| Prior claims | Multiple claims acceptable |
| Loss settlement | Replacement cost for home and other structures; ACV for contents with replacement cost optional |
Manufactured
| Guidelines | MHO Program |
|---|---|
| Age of home | No restrictions |
| Home value | Up to $300K |
| Occupancy type | Owner-occupied; seasonal; rental; tenant; and vacant |
| Coverage | Comprehensive MHO |
| Liability | Comprehensive personal or premises up to $500K |
| Fire PC | Any protection class (incl. 9 & 10) |
| Prior claims | Multiple claims acceptable |
| Loss settlement | Stated value with replacement cost optional |
Condo
| Guidelines | HO6 Program |
|---|---|
| Age of home | No restrictions |
| Home value | Up to $500K |
| Occupancy type | Owner-occupied; seasonal; short-term rental; vacant units can be placed in the Dwelling Basic (DP1) program |
| Coverage | Named peril for dwelling and personal property |
| Liability | Premises liability $100,000 included, with options for $300,000 or $500,000 |
| Fire PC | Any protection class (incl. 9 & 10) |
| Prior claims | Multiple claims acceptable |
| Loss settlement | Replacement cost for dwelling; ACV for contents with replacement cost optional |
Leadership
Manny Rios
Chief Executive Officer
Mr. Rios has more than 30 years of experience and began his career with Allstate in 1985 as a financial analyst. During his 14 years there, he held several different leadership roles across multiple functions from Underwriting to Marketing. Mr. Rios left Allstate in 1999, when he joined Homesite Insurance Group as Chief Underwriting Officer. He has also served as Senior Vice President and Chief Underwriter for USAA, Chief Executive Officer for American Modern Insurance Group, and Chief Executive Officer for Telesure Investment Holdings.
Mr. Rios holds a Master’s degree in Organizational Behavior from the University of Incarnate Word in San Antonio, Texas, and a BA in Business Administration from Benedictine College in Atchison, Kansas.
John Spritzky
Chief Underwriting Officer
Mr. Spritzky has more than 20 years’ experience in the insurance industry. With the exception of a two-year period with Great American Insurance Group from 2001 to 2003, he has spent his career with American Modern Insurance Group, where he has held various positions in Claims, Underwriting, Sales, and, most recently, Vice President of Product Management.
Mr. Spritzky holds a Bachelor of Arts in Business Administration from Hanover College and has industry designations of CPCU and CIC.
Naren Kanteti
Chief Operating Officer
Mr. Kanteti has over 20 years of experience in the Information Technology domain, with the last 15 years focused in the financial services industry. Prior to joining Tower Hill Specialty in 2017, Mr. Kanteti held positions of Software Engineer with Emerson Electric Company, Technology Architect with Fifth Third Bank, Senior Director of IT with American Modern Insurance Group, and Vice President of Transformation Programs with Western Southern Financial Group.
Mr. Kanteti holds a Master’s degree in Finance and MBA from Indiana University and a Bachelor’s degree in Engineering from Osmania University in India. He received his CPCU designation in 2016.
Interested?
Tower Hill Specialty is a subsidiary of
Tower Hill Insurance Group, LLC.
Copyright © 2018 Tower Hill Specialty Group.
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