The Real Estate industry has long been a staple of the insurance world. However, not all insurance carriers view commercial and residential real estate portfolios in the same light. Each insurance carrier has its own unique appetite for real estate, which can vary from year to year based on a multitude of factors. Factors such as insurance to value, property condition/maintenance, management controls, and site safety are items that you can monitor on a regulars basis to position your portfolio in the best possible light. Factors over which you exercise little to no control include rental market conditions, occupancy/vacancy percentages, construction costs, climate forecasts, reinsurance costs and regional or national loss trends. Summarily, there is a high level of volatility that surrounds the underwriting process that determines your insurance premiums. For that reason, it is extremely important to work with a broker that understands your business.
At Thomas Gregory Associates, we take great pride in our ability to know your industry, and more importantly partner with you to ensure that you too are aware of conditions that can affect your insurance program. We work with each of our clients on a continuous basis to maintain open dialogue relative to coverage issues, pricing changes whether positive or negative, and other developing trends that may affect their insurance program.
In partnership with our carriers we offer a full spectrum of insurance products important to the real estate industry, including but not limited to:
- Real and Personal Property
- Improvements and Betterments
- Builders Risk
- Loss of Rental Income
- Ordinance or Law
- Debris Removal
- Pollution
- Functional Building Valuation
- Liability and Excess Liability
- Fiduciary Liability
- Professional Liability for Property Managers
- Directors and Officers
- Third Party EPLI (tenant harassment and discrimination)
- Crime
- Tax Credit Business Income Coverage
- Auto