Insurance for Real Estate Owners & Operators
Historic El Niño is on the Way. Are you Prepared?
The gap shows up after the loss, not at renewal.
Real estate risk concentrates in a handful of places that standard policies handle badly. Owners usually learn which ones the week the adjuster walks the property.
Most standard property policies exclude flood outright, so a storm or mudslide loss is denied in full rather than trimmed. Separate flood coverage also carries a waiting period, which means the policy bought during a storm week will not respond to that storm.
Business income on a rental property is rent, and the limit is often set off a rent roll that is two years stale. Repairs run longer than anyone plans for, and the shortfall between the limit and the actual vacancy is the owner's.
Sewer backup, drain failure, and surface water each sit under a different exclusion, and the adjuster decides which one a loss falls into. That call is governed by wording written long before the storm, and it is worth reading before you need it.
Pre-loss photos, drainage maintenance records, and a remediation vendor already under contract change what a carrier will pay. Owners who assemble that file after the water recedes routinely take the smaller number.
A complimentary review of your current program, read property by property.
Our Program is Designed For:
Coverages We Place for Real Estate Owners & Operators
Buildings, common areas, and tenant improvements rated on construction type and real water exposure, rather than scheduled at a flat rate across the whole portfolio.
Placed separately from the property policy, through the NFIP or the private market, with the waiting period and elevation questions handled before the rainy season rather than during it.
Premises exposure that comes with the asset: common areas, parking structures, pools, and the habitability allegations that follow deferred maintenance.
Limits set against the current rent roll and an honest repair timeline, with extended period of indemnity for the months it takes to re-lease an emptied building.
Ground-up and renovation projects, covering materials on site, in transit, and in storage, plus the soft costs and delay exposure a lender will ask you to carry.
Layered above your primary limits to satisfy the insurance provisions in your loan documents and the requirements tenants and lenders put in front of you.
About Liberty
Liberty has consistently been recognized as one of the most dynamic, fastest growing companies as well as one of the best places to work in the insurance industry, including being recognized as the #1 Fastest Growing Privately Held Insurance Broker in the U.S. over the past four years by the Hales Report.
Liberty is not your typical insurance broker: We are a culture-first organization, and believe “If you put people first, good business will follow.” Our goal is to clear the path of political and administrative distractions so our valued team of creators can focus on their Highest And Best Use (HABU), which is what they love to do, what they do best, and therefore, is best for all of us.
