Distinguished Blog - Real Estate

Market insights and industry news.

When Should a Builder’s Risk Policy Be Purchased?

This is an excerpt from our free “Broker’s Guide to Builder’s Risk Insurance” eBook. Click here to download your copy. A Builder’s Risk policy should be purchased prior to or on the date of construction when the contract is finalized – before the project is underway. Builder’s Risk is temporary insurance with coverage ending once the…

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Real Estate Umbrella Insurance: A Primer for Brokers

In 2020, the US experienced around 380,000 fires in residential buildings, including homes, multi-family homes, and apartments. Each one of those incidents could be grounds for litigation that cost property owners millions in damages. That’s why it’s important companies have robust and comprehensive insurance policies protecting them from fire and life safety suits, as well…

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Commercial Umbrella Insurance: A Safety Net for Businesses

Most of the time, a business won’t need extra liability coverage. But it’s that rare, out-of-the-blue occurrence that brings an end to what was formerly a successful enterprise. No business owner should have to stay up at night wondering if their business will be the next one to make the news for eye-watering settlements. Obviously,…

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Landlord Insurance: Costs and Coverages in the City

Renters account for 36% of households in the US. Over the coming years, that percentage is expected to grow as the number of multi-family housing construction increases. If you want to capitalize on this influx, you need to educate yourself on the ins and outs of this market. Landlord insurance isn’t as simple as it…

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The Importance of Program Stability in Real Estate Umbrella Insurance

The hard insurance market over the last several years has been characterized by rate increases, diminished capacity, and carriers exiting certain niche markets and lines of business. This has caused challenges for retail agents in finding a home for new business and renewals. Real Estate Umbrella insurance, like most product lines, hasn’t been spared from…

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City Insurance Program Q + A [Webinar Recording]

Attention Big City Brokers: If you insure apartments in metropolitan areas for building owners up to 100 units or have condominium association city clients, this exclusive program is meant for you. Watch our FREE Q+A webinar recording and then learn more here. Get the handouts here: Slides: Download the Webinar Slides hereQ + A’s: View…

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How to Sell Real Estate Umbrella Insurance

There are several hazards a property owner faces that could result in a catastrophic liability lawsuit. This includes attractive nuisances (open access to a swimming pool, for example), elevator or escalator malfunction, inadequate security, negligent property maintenance, premises in disrepair, and unprotected slip hazards (such as spills or recently cleaned floors), among others. To determine…

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City Insurance Program…A Closer Look

The Distinguished City Insurance Program provides specialized insurance coverage to meet the needs of property owners and landlords for homes in select cities. Eligible classes include apartment buildings, condos, co-ops, brownstones, and mixed-used properties up to 100 units in a single building or listed on a schedule. When insuring city homes, particularly properties with multiple…

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The Case for Higher-Limit Real Estate Umbrella Insurance

Property owners face a number of exposures that could result in a catastrophic liability lawsuit, making the case for ensuring vigilant maintenance of safety and security measures and for purchasing higher-limit Real Estate Umbrella insurance. Exposures include attractive nuisances (such as open access to a swimming pool), elevator or escalator malfunction, insufficient security, negligent property…

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Builder’s Risk Insurance: What Your Clients Need to Know

If a house burns down after being built, homeowner’s insurance covers the costs. But what happens if it burns down the day before it’s finished? Or if a labor shortage causes delays? Or if thieves steal wires from the walls? You get the point. A building still under construction faces a lot of risks, and…

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Express Umbrella Insurance Q+A [Webinar Recording]

We enjoyed talking with insurance brokers during our latest webinar, a 30-minute session entitled, “Build Your Business: Community Association & Small Real Estate Umbrella Coverage.” Watch the full webinar recording below: Our attendees challenged us with questions that went right to the heart of their current business issues. The session covered a broad range of…

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