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

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
EQSL
Equipment Breakdown

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
Hired and Non-Owned Auto

Territory Served:

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