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Habitational Real Estate Insurance

Real Estate Umbrella Insurance Q&A

This is an excerpt from our free “How to Sell High-Limit Real Estate Umbrella Insurance” eBook. Click here to download your copy. Why does my property need high Umbrella limits? The real estate sector, like many others, is seeing higher judgments and settlements being reached in liability cases, leaving property owners vulnerable to financial loss without…

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Why Coastal Builder’s Risk Insurance Is Critical for Properties Under Construction

As extreme weather events increase and contractors continue to build along the coast, Coastal Builder’s Risk insurance is critical to protect the investment. In this article, we explore the importance of Coastal Builder’s Risk insurance and how it can help. Let’s take a quick recap of the 2022 hurricane season as it comes to an…

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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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New York Brick & Brownstone Insurance: A Broker’s Guide

Brick and brownstone residential buildings grace New York City’s leafy avenues, from Manhattan to Brooklyn and Queens. Just take a stroll down Joralemon Street in Brooklyn Heights, for example, and you’ll find yourself on the kind of New York City street you imagined as a child – a cobblestone lane lined with historic brownstones. Or visit…

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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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