Habitational Lessors Risk (LRO)

• Condominium HOAs
• Apartments Multi-family properties
• Apartments Active Adult Communities
• Adaptive Reuse
• Assisted Living with 3rd Party Operations*
• Student Housing (non-entity owned)*
• Property Manager Accounts

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; Platinum Endorsement
• Building ordinance included
• EQSL (Earthquake Sprinkler Leakage)
• Equipment Breakdown
• Building Replacement Cost Valuation of 100%, 110% or 125%
• Building Replacement Cost Valuation of 100%, 110% or 125%
• Equipment Breakdown

• 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 Run
• Sprinklered, if more than three stories
• No age restrictions with major building systems updated
• All ISO building construction types

*TIV over 20M, request to Underwriter

We can consider coverage for new purchases; vacant new construction where leasing is in progress; low-occupancy buildings*; buildings with aluminum wiring (COPALUM or CO/ALR)**; older buildings; and new associations.

**Extra eligibility requirements may apply

Our LRO-Specific General Liability offers $1 million/2 million; $1,000 Retention Level (higher retention levels are available); 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