About This Coverage
The Lessor's Risk product protects owners of rental property from lawsuits and damages. Real estate owners are protected from legal action by lessees or clients of a lessee in the event of bodily injury or property damage while in the owner's space.
State Eligibility
Eligible State
State Not Available
Industries Available
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Retail Trade
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Real Estate Rental and Leasing
Coverage Limits
Up To
$4M
Key Features
- Business owners package coverage form that automatically includes over 15 unique coverage enhancements
- Up to $5,000,000 in total Property Values
- Business Income coverage offered on an Actual Loss Sustained basis up to $250,000
- Up to $1,000,000/$2,000,000 in General Liability limits
- Ability to entertain restaurant tenants with commercial cooking exposures
- Ability to consider public or private parking exposures
- New class for Land Leased to Others - up to 1,000 acres
Preferred Classes
- Lessor�s Risk Land leased to others
- Lessor�s Risk Maintained by insured
- Lessor�s Risk Maintained by tenant(s)
- Parking Private - Incidental Only
- Parking Public - Shopping Centers - Maintained by the insured - Incidental Only
- Parking Public - Shopping Centers - Maintained by the lessee - Incidental Only
Underwriting Guidelines
- Up to 25,000 square feet
- Up to 3 stories
- Eligible tenants include retail, restaurants, service, office, apartment tenants and more
Submission Requirements
- ACORD Application, fully completed and signed
- Supplemental Application
- 3-5 Years of Loss Runs
- Send submissions to quotes@ospreyuw.com