Property and General Liability coverage for the commercial landlord.
This coverage is designed for owners of commercial property such as retail complexes, shopping centers, strip malls, office buildings and spaces, warehouses, light industrial, adaptive reuse, and other building types. The landlord generally must not occupy more than 25 percent of the building leased to tenants.
Commercial Property LRO Packages available in Washington, Oregon, California, Arizona, Nevada, Idaho, and Utah.
overview
- Office Buildings
- Office and Commercial Condominium HOAs
- Adaptive Reuse
- Shopping Centers
- Strip Malls
- Mercantile Buildings
- Light Industrial Parks
- Warehouses
- Property Manager Accounts
Property coverage is available as Mono-line or Package and includes:
- Open Peril excluding EQ and Flood
- No Co-insurance
- Broad three-tiered coverage options: Basic Policy Limits; Gold Endorsement; and Platinum Endorsement
- Building Ordinance
- EQSL (Earthquake Sprinkler Leakage)
- Equipment Breakdown
- Building Replacement Cost Valuation of 100%, 110% or 125%
- Business Income with Extended Period of Indemnity
- Emergency Vacating Expense
- Arson Awards
- Tenant Relocation Expense
- Pools, Tennis Courts, Play Grounds and Recreational Equipment
- Roadways, Walks, Patios and Other Paved Surfaces
- Underground Pipes, Flues or Drains
- Foundations of Buildings and Structures
- Locks and Keys
Up to $20M TIV per location*
- Protection Classes 1-6
- 5-Year Carrier Loss Runs
- No age restrictions with major building systems updated
- All ISO building construction types
*TIV over 20M, request to Underwriter
Excess Liability limits available in increments of $1M – $5M. We also offer Hired and Non-Owned Auto.
- ACORD or ACORD 125 with an SOV
- Supplemental Application
- 3 – 5 years Loss History
TELL US ABOUT YOUR CLIENT'S COMMERCIAL PROPERTY portfolio; our team will deliver a custom solution
Nothing on this website constitutes an offer, inducement, or contract of insurance. This material is only intended for licensed insurance agent and producer use. This is not intended for business owner or insured use. If you are not a licensed agent or producer, please disregard this communication.
