MCC Property Insurance Company Program
MCC Property Insurance Company, Inc. (PIC) offers innovative insurance solutions tailored to meet the needs of developers, investors, and property owners. As an IRC 831(b) micro-captive insurance company, PIC specializes in providing a Deductible Reimbursement Policy designed to help control the volatility of property insurance costs.
Key Features
- AM Best A Rated: All PIC policies are backed by an “A” rated fronting carrier, ensuring they are fully acceptable to lenders, investors and owners.
- $1 Billion Reinsurance Pool: PIC is supported by a robust captive reinsurance pool, providing stability and security.
- Available Nationwide: PIC offers insurance coverage for properties across the U.S.
- Targeting Larger Portfolios: Ideal for portfolios of 500 to 1,000 doors, PIC provides competitive rates through efficiency.
Committed to Stability & Growth
Since its inception in 2017, PIC has grown fivefold, increasing its surplus reserves year over year, ensuring long-term financial stability for its clients.
A Strategic Approach to Risk Management
PIC’s primary focus is controlling price volatility rather than offering the initial lowest rates. By issuing policies in layers and retaining risk in the frequency layer, PIC helps properties reduce insurance premiums over time. These policies align with the coverage criteria of the overlying carrier, meaning if the overlying carrier covers a loss, the PIC policy also covers the loss.
Our approach is a continual implementation of the following steps:
- Understand: Study what is driving losses.
- Mitigate: Adjust designs and implement preventative measures to reduce risk.
- Layer: Organize carriers in layers to optimize premiums.
- Accrue: Collect premium credits for strong performance.
With strong initial underwriting, ongoing collaboration with owners and managers to reduce preventable incidents, and the power of scale, MCC Property Insurance Company delivers significant cost savings. Through an Insurance Management Agreement, clients authorize MCC Property Risk Management Services, Inc. to place and manage insurance for their portfolios.