Novita Insurance Solutions

specializing in property and liability coverage for commercial Lessor’s Risk (LRO) properties

Novita means “innovation” and that’s what we offer. Innovative commercial property and liability packages that can meet the needs of any insured. With our flexible 3-tiered property offerings, we provide unrivaled coverage options for most LRO properties.

Targeted Classes Include:

Office Buildings
Office & Commerical Condominiums
Mixed Use
Shopping Centers
Mercantile Buildings
Light Industrial Parks
Warehouses
Self Storage Facilities

Residential Condominiums
Apartments Active Adult Communities
Planned United Development (PUD)
Adaptive Reuse
Single Room Occupancy (SRO) *
Assisted Living with 3rd Party Operations *
Student Housing (non-entity owned) *
Property Manager Accounts

* Additional Underwriting Requirements Apply

Available Coverage: (Mono-line or Package)

Commercial LRO Property Insurance
Open Perils
No Coinsurance
Broad, 3-tiered Coverage options
          Basic Policy Limits
          Gold Endorsement
          Platinum Endorsement
Multiple Loss Settlement Provisions

General Liability – LRO Specific
$1 million/$2 million
$1,000 Retention Level
Higher Retention Levels Available
D&O (condominiums)
Excess and Umbrella limits available of $5M – $250M

HSB TECHADVANTAGE™ Equipment Breakdown and Technology Insurance Coverage

HSB – Data Compromise Coverage (DC)

HSB – Identity Recovery Coverage (IDR)

Territory Served:

Licensed in CA, AZ, ID, NV, OR, UT, WA.