Distinguished Blog - Real Estate
Market insights and industry news.
Landlord Insurance in Madison, WI: Keeping Your Clients’ Rental Properties Safe
Landlord insurance is a type of policy that offers property owners a sense of security by protecting them against various potential risks that come with renting out their property. Landlords are exposed to significant financial risks if unexpected events occur. Landlord insurance covers damages caused by floods, fire, and liability coverage in case of a…
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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…
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…
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…
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…
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…
Top 3 Real Estate Risk Exposures for Property Owners
What are the top risk exposures real estate property owners & managers face? The sources of top liability exposures for residential and commercial real estate include: sidewalks, parking lots and parking structures, pools, playgrounds, and elevators. Slips and falls, drownings, and assaults and other security issues often result from negligent property maintenance, unprotected slip hazards,…
What’s New in Our Express Umbrella Insurance Program?
This article highlights: Differences and similarities between Express Real Estate and Express Community Association Key coverages and limits How to submit business Distinguished Programs’ long-standing footprint and reputation as a pioneer in developing niche-focused Umbrella insurance products enable us to tap into what the market needs to both improve and expand our offerings. We recently…
New York City Real Estate Is Rebounding In This Market
New York City was hit hard during the COVID-19 pandemic with many escaping the city for larger, more open spaces. But the city that never sleeps is back. New York City real estate, once on shaky ground, is also back on track attracting new and old buyers to the Big Apple – at least on…
Protect Vacant Buildings from Halloween Vandalism
After more than a year of pandemic protocols and social distancing, experts like Dr. Fauci say families should enjoy trick or treating. That’s great news for all the children who missed Halloween last year. But Halloween can be the scariest night of the year for the owners of vacant real estate. Halloween vandalism at vacant…
A Closer Look…New York Brick & Brownstones
New York City is known for its beautiful brownstones – from Queens to Manhattan’s Upper Westside to some of Brooklyn neighborhoods including Park Slope, Brooklyn Heights, Bedford-Stuyvesant, Fort Green, Cobble Hill, and Prospect Heights. Insuring these owner- and tenant-occupied properties requires understanding their unique risks and having a program available that can address them. Let’s…