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 roof 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