Abram Interstate Insurance Services, Inc., CMGA

Helping Independent Insurance Agents Since 1996

Influx of Need for Rentals, Increased Demand for LRO Insurance | Commercial Product Highlight

Published on November 19, 2018

wholesale commercial insurance LRO lessor's risk CMGA Abram CA

In the wake of the current fires burning in Northern & Southern California, there is a surge of demand for properties available to rent in the nearby regions.

Many homeowners with homes on the market for sale in neighboring areas to the fires are changing their minds and are keeping the properties to rent to tenants in need. Commercial vacancies are going to be in high demand soon, as well, and many businesses need a place to relocate while they deal with their former losses.

Being a property owner has always been a potentially lucrative investment in California.  But now the need and opportunity is even greater with so many families and businesses displaced.

With renting out commercial real estate, your customers have more to gain, but also more ways they could lose. This is why your clients need Lessor’s Risk Insurance (LRO Insurance).

What is Lessor’s Risk insurance and why is it important?

Lessor’s Risk insurance policies are designed to protect your customers and their investment from people who sustain injuries or damages by use of or interaction with their commercial property. Depending on their particular LRO policy, it may also cover other situations like:

  • Litigation expenses from lawsuits and processes
  • Repair or replacement of building owner’s belongings such as hallway furnishings
  • Business Income and extra expense coverage

It’s clear that the expenses could add up quickly, even after just one incident.

Make sure your customers are insured for such occasions with our Lessor’s Risk Insurance offerings.

Lessor’s Risk Insurance Product Highlights:

  • Property & General Liability
  • Most tenant occupancies are eligible
Optional Coverages
  • Business income and extra expense
  • Building owners endorsement
  • Lobby and hallway furnishings owned by the insured
  • Equipment used to maintain the property
  • Building ordinance and law
  • Chat with us online HERE now for any quick questions you may have!

*Please Note: No new binds will be accepted currently for Butte County, LA County, Ventura County, or anywhere within 30 miles of an active fire. The binding moratorium will not be lifted until 100% containment is achieved.

Complete Your ACORD 125, 126 & 140 HERE

Submit Completed ACORDS & info* to apps@abraminterstate.com

*Please Include: 

  • Building Valuation
  • Tenant Occupancy & Square Footage
  • Number of Units
  • Electrical, Roofing, Heating & Plumbing Updates (Required If Building Age Is Over 25 Years)



Abram Interstate Insurance Services, Inc., CMGA is a Managing General Agent & Wholesaler with expertise to place business in both admitted and non-admitted markets for personal lines insurance and commercial lines insurance in California and surrounding areas.

Quote Online Today.