Abram Interstate Insurance Services, Inc., CMGA

Helping Independent Insurance Agents Since 1996

Lessor’s Risk

Underwriting Summary

  • All commercial tenants must carry their own General Liability Insurance naming the applicant as additional insured with equal or greater limits.
  • The plumbing, HVAC, wiring and rood need to be updated in the last 30 years.
  • Maximum of 2 apartments.
  • Most tenant occupancies are eligible
  • Buildings must be wholly leased to others, with less than 10% occupancy by owner for rental or building maintenance.
  • All buildings must sustain a minimum occupancy rate of 80%.

Applications
Click here to submit a one-page quick-quote application

Coverages
Package: Property & General Liability

Deductible
$500
$1,000
$2,500
Higher Deductibles Available

Optional Coverages

  • Business income and extra expense
  • Building owners endorsement
  • Lobby and hallway furnishings owned by the insured are included in building coverage
  • Building ordinance and law