Landlord Insurance in Cleveland: Boosting Brokers’ Success to New Heights

Nestled in the heart of Greater Cleveland, the 17th largest city in the United States, a remarkable transformation has been underway in recent years. This renaissance has attracted real estate investment for property rehabilitation and new developments, particularly in the downtown area. The city’s allure lies in its vibrant urban setting, drawing in individuals who seek both work and play opportunities. Moreover, Cleveland’s rich history and stunning location along Lake Erie’s southern shore make it an appealing haven for outdoor enthusiasts. Additionally, the city boasts a cost of living that is 6% lower than the national average, making it an attractive choice for newcomers.

Amidst the burgeoning property development and rehabilitation in the Metro Cleveland area, Distinguished Programs has carefully selected it as one of the 32 markets to offer its specialized Landlord Insurance. With our comprehensive Landlord Insurance program, tailored expertise in this niche market, and highly responsive service, property owners can confidently expand their footprint in the Cleveland area.

Coverage for All Construction Classes

Distinguisheds’ Landlord Insurance encompasses various property types, such as apartment buildings, condo associations, and mixed-use buildings that have commercial retail on the ground floor and apartments or condos above. Building owners can confidently insure structures with frame construction, with unit counts of up to 30. For other construction types, the maximum unit count extends to 100.

No Age Restrictions Fit Our Profile for Cleveland Properties

In an aspect that distinguishes our program from other carriers in the market, we impose no age restrictions on the properties we insure. This aspect holds significant importance in the Cleveland Metro area, where numerous older buildings undergo rehabilitation and upgrade to meet current codes. Other carriers might shy away from covering these properties simply based on age, even when they comply with today’s building codes. For property owners seeking coverage, this often proves to be a challenging hurdle. At Distinguished, we welcome such properties as long as their building systems (e.g., electrical, HVAC) have been updated within the last 25 years.

A Look Inside Our Landlord Insurance Program

Tailor-made for property owners in Cleveland, Ohio, our Landlord Insurance is a comprehensive package policy designed to safeguard against numerous property and liability risks.

Property Insurance in Cleveland

Referred to as our City Insurance program, our package policy offers all-risk Property coverage, protecting buildings against fire, vandalism, storms, and other forms of damage. We determine the property’s valuation on a replacement cost basis with an agreed-value amount. Moreover, our Property form automatically includes Ordinance or Law coverage (A, B, and C).

The package also incorporates essential elements such as sewer and drain backup coverage, as well as equipment breakdown protection, ensuring clients are shielded from unforeseen damages and costly repairs.

Additional optional coverages include Flood and Earthquake, Hired and Non-Owned Auto, and Employee Liability Benefits insurance. Owners residing on the premises can also obtain Personal Liability insurance, Personal Contents coverage, and Additional Living Expenses coverage if they are forced to vacate their unit due to a covered loss.

Liability Insurance

As landlords face potential liability risks associated with property ownership and rentals, our package policy’s Liability section provides crucial coverage. This ensures owners have the protection they need in the event of a loss, with limits of $1 million per occurrence and $2 million aggregate.

Properties with pools can also be covered, provided they comply with specific guidelines.

Offer Additional Protection

For added peace of mind in today’s litigious environment, where high settlements and judgments are not uncommon, you can provide clients with additional Liability insurance through our Express Real Estate Umbrella program. This Umbrella insurance plays a crucial role in safeguarding against potential risks.

For community associations, we extend our offerings to include Directors & Officers Liability to protect board members and Crime insurance to cover employee dishonesty, computer fraud, forgery, or theft.

Write More Business with Distinguished

At Distinguished Programs, we strive to make the process of writing new business easy and efficient. Our online submissions facilitate quick quote turnarounds, with responses delivered within 24 hours. Through our user-friendly portal, you can submit, quote, and bind at your convenience, with everything you need just a few clicks away. Embrace the potential of Landlord Insurance in Cleveland with Distinguished Programs, and secure your investments with confidence.

About Distinguished Programs

Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Fine Art and Collectibles, Environmental and Construction Professional, Executive Lines, Inland Marine, Real Estate & Builder’s Risk, Community Associations, Hotels, and Restaurants. Property and Liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished’s high-limit Umbrella programs remain the clear choice in its area of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees.

View a full list of our programs and submit business with Distinguished.

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