Apartment / Condo Lessors Risk

Target Clients:
  • 1,000 units or less in AZ, CA and NV.

Coverages:

  • Property
  • General Liability
  • Premises Environmental Liability
  • Umbrella
Limits:
  • $500,000,000 Blanket Limits for Property
  • $1,000,000/$2,000,000 per occurrence, per location in the Aggregate for GL
  • $250,000 per loss per location / $250,000 aggregate per location with a $25 million Program Aggregate for Premises Environmental Liability
  • $5,000,000 to $25,000,000 per occurrence/aggregate for Umbrella

Requirements:

  • Five Year Loss History running 50% or less
  • Risks with water damage claims subject to underwriting review

Supplemental Application Requirements:  Yes

 Availability: 

  • Arizona
  • California
  • Nevada

Highlights:

  • Blanket Property Limits
  • No Coinsurance - built in coverages such as Building Ordinance and Earthquake Sprinkler Leakage
  • No General Liability deductible
  • GL and Umbrella limits per location