In a Golden State of Mind: The Importance of Landlord Insurance in Los Angeles, CA

The US Census reports that 63% of housing units in Los Angeles are renter-occupied. Los Angeles, being the largest city on the West Coast, attracts thousands of people each year, benefiting property owners and landlords. Insurance agents have a great opportunity to serve and protect clients in this city. Despite the high cost of rent, people choose to live in Los Angeles due to its great weather and miles of beaches.

In this article, we will delve into the world of landlord insurance in Los Angeles, California, discussing coverages and benefits. We will also explain how Distinguished can provide a comprehensive insurance solution to meet the unique needs of property owners.

Our City Insurance Programs for the City of Angels

Offer landlords of apartment buildings and mixed-use buildings a comprehensive, competitively priced package policy of General Liability and Property insurance coverage with our City Multi-Family and City Landlord programs. You can insure buildings with two to 100 units for joisted masonry or better construction. Insure frame construction buildings with two to 30 units.

In addition, our program doesn’t include an age limit requirement as long as there have been system upgrades in the last 25 years.

Our General Liability limits are $1 million per occurrence/$2 million aggregate on Bodily Injury, Property Damage, and Personal and Advertising Liability. There are options to also include Employee Benefits Liability and Hired & Non-Owned Automobile Liability.

Beef up your clients’ liability protection with our Express Real Estate Umbrella program, which offers limits of $1 million up to $10 million. Umbrella coverage is critical for landlords to protect their assets, particularly in an environment of high social and economic inflation that continues to drive up claim costs, settlements, and jury awards. Distinguished has one of the country’s longest-running and largest Real Estate Umbrella programs. Coverage is on admitted paper.

Additional Features in Our Landlord Insurance Program

The Property portion of our package program comes with some key features to address the exposures landlords face, including:

  • Equipment Breakdown Coverage
  • Backup of Sewer and Drains Coverage
  • Ordinance or Law A, B & C Coverage
  • Loss to the undamaged portion of a building
  • Additional limits for demolition cost
  • Additional limits for increased cost of construction
  • Replacement Cost Valuation
  • Terrorism Coverage
  • Coverage for Pools (subject to safety requirements)

Optional Flood is available, subject to underwriter review. We can also Earthquake insurance for accounts with four units and under with no mercantile exposure.

Your Insured Landlord Lives in One of the Units? Offer Personal Lines Coverage

For buildings with two to four units, owners who reside on the premises can also obtain Personal Liability and Personal Contents coverages. Additional Living Expenses coverage is also available to pay the extra costs involved if a landlord needs to vacate the unit due to a covered loss.

Deliver Added-Value to Clients

Our City programs also come with access to Sedgwick Repair Services to provide clients with a trusted network of contractors for all repairs and renovations. Sedgwick’s Iron Clad WarrantyTM program guarantees the contractor’s labor and workmanship. For example, roofing, siding, and gutter replacements are guaranteed for five years, with repairs guaranteed for one year.

Each property owner has a personal concierge – a dedicated single point of contact – to quickly handle queries or problems. From the initial estimate through the final walkthrough, the concierge specialist will work with your client and the contractor to ensure that expectations are satisfied.

You can provide added value to your insureds as part of their insurance program by connecting them with qualified, experienced contractors.

Team Up with Distinguished to Expand Your LA Footprint

Whether you currently serve the habitational market in the Los Angeles area and want to expand or want to increase your presence in the city, our City Programs can help you achieve that.

To get a quote, simply sign up using our Broker’s Portal. Enter the basic information to begin your insurance quote in as little as five minutes. Our professional underwriting team works hard to assess your application quickly and respond within 24 to 48 hours.

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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