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Residential Real Estate Insurance

Residential Real Estate Insurance

 

The real estate industry is one of Program Brokerage Corporation's strongest specialties. Our experience in real estate insurance is reflected in Programs that respond to the particular, and sometimes differing, exposures in various geographical regions.

We were the first to offer Purchasing Group Programs for residential co-ops, condominiums and rental buildings. PBC currently arranges coverage for over 3,000 residential buildings with more than 200,000 units. We also place coverage for over 1000 commercial office buildings and shopping centers with in excess of 200 million square feet of space.

 

We offer a broad scope of coverage with strong markets, and we've experienced little historical turnover among our carriers.

 

Coverages Offered:

• All-Risk Property Insurance

• Commercial General Liability

• Lead Paint & Mold Liability

• Umbrella Liability

• Directors & Officers Liability (Co-op/ Condo Buildings)

• Terrorism

• Environmental Insurance (first and third party) including above and below ground storage tanks

 

Territory:

• NY / NJ; across the United States on a stand-alone, non-program basis

 

Target Business:

• Rental Buildings, Co-op/ Condo Buildings

• Buildings from 1 to 30 stories

• Single building or multi-location portfolio

• Habitational with incidental mercantile exposure

 

Minimum Premium:

• $5,000

 

Not Eligible:

• Buildings less than 80% occupied

• Buildings in the course of gut-renovation

• Buildings that are not in compliance with city code

• Buildings with lead paint claims and/or unabated lead paint violations

 

Some Important Highlights:

• Programs offered in New York and New Jersey; coverage available in all other states on a stand-alone, non-program basis

• Because our carriers grant us binding authority on behalf of Program participants, our producers get fast turnaround

• We can cover a single building or a multi-location national property portfolio

• Every entity has its own aggregate CGL limit-coverage not diminished by losses from other Program Insureds

• Umbrella Liability available for $5 million, $10 million, $15 million, $20 million, $25 million, $50 million, $75 million, and $100 million

• High property coverage limits, all risk, no co-insurance national property portfolio

 
 
For more information Contact:

Jonah Aaron Lipin

Phone: 212-338-2983

Email: jlipin@programbrokerage.com

 

Tom Henderson

Phone: 212-338-2946

Email: thenderson@programbrokerage

States AvailableNJ, NY, PA
Provider TypeManaging General Agency
AdmittedAll Available States
CarriersVaries
Carrier RatingsA+
CommissionVaries
Min PremiumVaries



Coverages

Commercial and Residential Real Estate Brokers Insurance
Commercial General Liability/Residential Real Estate Insurance
High Umbrella Liability Limits/ Residential Real Estate Insurance
Residential Real Estate Insurance
Residential Real Estate Errors and Omissions Insurance
Residential Real Estate/Agents and Brokers Errors and Omissions Insurance
Residential Real Estate/Boiler and Machinery Insurance
Residential Real Estate/Commercial General Liability Insurance
Residential Real Estate/Lead Paint Liability (optional) Insurance
Residential Real Estate/Umbrella Liability Insurance
Umbrella Liability/Residential Real Estate Insurance


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