Real estate · Property and casualty
Habitational and commercial real estate, underwritten rather than renewed.
Apartment buildings, mixed use, condominium and homeowner associations, retail, office, and the schedules that pick up four addresses a year and never get re-read.
Already insured? Get a free Gap Report on the program you have.
| Coverage | Limit and terms |
|---|---|
| Building | $6,200,000, replacement cost |
| Business income and rents | 12 months, actual loss sustained |
| Ordinance or law | A included, B and C $500,000 |
| Deductible, all other perils | $10,000 |
| Wind and hail deductible | 2% |
For property owners
The insurance your lender asked for, before closing.
Lenders send a checklist: the bank named on the policy, replacement cost, loss of rents, and deductibles under their limit. We place the coverage to that list and send the evidence of insurance to your lender, so nothing holds up the closing.
- Lender named as mortgagee and loss payee
- Replacement cost on every building
- Twelve months of loss of rents
- Deductibles inside the lender’s limit
The argument
Habitational is not a hard class. It is a badly read one.
Underwriters price this class on things most renewal conversations never touch: the age of the roof and the year of the last full replacement, the electrical and plumbing updates, the tenant mix, whether there is a pool or a playground, the security arrangements, the habitability history, and how the last three water losses were handled.
An account presented without those answers gets priced as though the answers are bad, because that is the safe assumption for the underwriter. So owners routinely pay a premium for information they had the whole time and were never asked for.
What we write
The lines a real estate program actually runs on.
- 01
Commercial property on a blanket or scheduled basis
Written to match how you actually hold the assets, and read against the values you actually reported.
A total loss on one building is not capped by the value you happened to list against it.
- 02
General liability and premises liability
The line that answers for the common areas, the parking lot, the stairwell, and the sidewalk.
The slip and fall in the stairwell does not become a personal claim against ownership.
- 03
Umbrella and excess
Sitting over the primary liability and auto limits, and read to confirm it actually follows form.
The loss that exceeds a primary limit does not reach the balance sheet.
- 04
Equipment breakdown, ordinance and law, and business income with extra expense
The three that decide what a mechanical failure or a code-triggered rebuild actually costs you.
The boiler failure that empties a wing pays for the lost rent as well as the boiler.
- 05
Directors and officers for associations, plus crime and employment practices
For condominium and homeowner association boards, and for any owner with employees on site.
A board decision or a terminated manager does not land on volunteers personally.
- 06
Tenant renters insurance tracking, and a policy for tenants who need one
Your lease requires it. Somebody has to collect the declaration pages and chase the lapses.
The lease requirement is actually enforced rather than just written down.
Getting started
Three ways in, depending on how you would rather work.
Some owners would rather send three PDFs. Some would rather answer questions. Both land in the same place.
Rung one
The Five-Day Gap Report
Send declarations pages, loss runs, and a schedule of values. In five business days you get a written read of the program you already have, and you keep it whatever you decide.
See what the report containsRung two
Broker of record
Move the servicing rights and nothing else. Same carrier, same policy, same premium, same effective dates. No new application and no re-underwriting.
How a broker of record transfer worksRung three
Full marketing at renewal
Answer the underwriting questions once and we take the account to market. If you would rather answer questions than send documents, this is the faster door.
Start a property submissionAbove $25 million
Larger schedules read differently.
Above roughly $25 million in total insured value a program stops being a package and starts being a tower of layers that have to agree with each other. That is a different argument, and it has its own page.
Send three documents. Get a written read in five business days.
Declarations pages, loss runs, and a schedule of values. You keep the report whether or not you ever place a policy with us.
Start the Gap Report