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Real Estate Insurance Program
Tailored
protection for Real Estate businesses
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Coverage Highlights
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Building and
Structures – covers materials, equipment, supplies, additions, and
new construction within 1,000 feet of premises. |
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Appurtenant
Structures included with building limit, 10% of building limit. Max
$25,000. |
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Business
Income and Extra Expense – 12 months’ actual loss sustained or billable
hours basis; no
waiting period; may be excluded for premium credit. |
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Newly
Acquired or Constructed Buildings – $500,000 with 180 days to
report;
no percentage limitation. |
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Business Crime -
Choose our enhanced program for real estate services and we’ll protect
you against losses resulting from employee dishonesty or forgeries.
We’ll also provide coverage for your money and securities on-premises
and in-transit. |
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EDP Equipment Coverage – a base
level of protection is built into the policy and includes the option to
increase the level or to schedule high value items including repair or
replacement of computer systems. |
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Valuable
Papers - Reproduction of destroyed drawings, blueprints and other
valuable papers. |
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Glass
Breakage – full coverage; limited coverage ($500 pane/$1,000
occurrence) available for premium credit; property
deductible can be eliminated as an option.
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Accounts Receivable Coverage
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protects you from
losses caused by damage to your re c o rds which prevents
you from collecting money owed you by customers. |
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Outdoor Property – covers fences and
walls up to $2,500, may be increased up to $250,000; signs up to $5,000,
may be increased up to $100,000; trees, shrubs, plants, and lawns up to
$10,000, $1,000 per item sub-limit. |
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Back-up of Sewers and Drains –
covered; may be excluded for premium credit. |
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Tools & Equipment Coverage
– protects you against a
loss concerning owned, borrowed, rented, or leased tools and equipment. |
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Business Liability - In addition to the
typical enhancements our comprehensive liability policy offers over the
industry standard, we’ve further enhanced our program for professional
services. At no additional cost to you, our Commercial General Liability
policy includes some unique coverage essential to those in your
industry. If your business is held legally liable for damage to
your client's property, this policy will pay up to the full limit of the
policy…without a deductible. Included in our general liability
policy is coverage for claims arising from the products you sell or the
services you complete. Our liability insurance protects you if you
are responsible for damage to the property of others. We extend this
coverage to include borrowed equipment that’s damaged at your job site
while it is not being
used.
- Limits up to $10,000,000/ $10,000,000 available (claims expenses outside Limits of Liability)
- Flexible deductible options, including First dollar defense and Aggregate
Deductible
- Full Prior Acts coverage available
- Consent to Settle Clause
- Environmental Hazards Coverage Options
- Fair Housing Coverage Options
- Full Limit Lock Box Coverage Option
- Two and three year automatic renewals available
- Coverage for the Listing and Sale of Real Estate Agent or Broker owned
residential properties
- Coverage available for properties constructed/ developed by a separately
owned entity or the family member of an agent or broker
- Extended Reporting Period option includes a Retiree Provision
- A+ Rated national insurance company
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Premium discounts are generally available for loss control
seminar attendees, use of standard contracts, homeowners warranty, use of
disclosure forms, no loss/low loss experience.
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Leased Building PD Damage
- $25,000 motor vehicle damage to leased buildings |
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Fire Legal Liability
- $300,000 for leased premises |
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Additional Insureds - If a written contract requires you to name
someone else as an additional insured on your policy, we’ll
automatically extend that status to them. |
Optional Coverage
- Automobile
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Boiler & Machinery
- Directors
and Officers – damages from “wrongful acts” and
reimbursement of loss and claims expenses.
- Additional Insureds
- Professional Liability
- Umbrella Policy
Workers Compensation
Policy Overview
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Residential and
commercial sales
