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Habitational Real Estate Insurance

What is City Insurance?

This is an excerpt from our free “Broker’s Guide to City Insurance Program” eBook. Click here to download your copy. The Property insurance market for habitation risks – including multi-family, apartments, condos, and co-ops – has experienced consistent rate increases over the last several years as a result of loss frequency and severity. Catastrophe-exposed areas, in…

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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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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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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,…

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Top 3 Areas People Forget When Winterizing A Home

During the winter season most of us remember to do obvious things like crank up the thermostat and stock up on rock salt to prevent slips on icy sidewalks. Depending on where you live, some winterizing preps might seem unnecessary. However, these can quickly turn into costly black swans.

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Tips on Preventing Accidents on Thanksgiving

Susie endures the hour-long drive to her grandparents’ house to share her homemade pumpkin pie… but she’s running late so she starts to speed. College freshmen attempt to cook an entire turkey dinner in their dorm’s communal kitchen… a friend starts chatting in the hall, and they fail to notice the gravy beginning to burn…

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