Real Estate Industry Insurance

Insurance for the owner’s property inside the building (e.g., furniture, appliances, equipment). It ensures that if these items are damaged or stolen, their replacement or repair is financially covered. This protection helps keep the property functional and comfortable.

Protection if someone is injured on your property and you are found liable. It helps with legal fees and any compensation you may need to pay. This coverage is important for safeguarding your financial assets.

If the property is uninhabitable due to covered damage (e.g., a fire), this type of coverage can compensate for lost rental income. This ensures that you continue to receive financial support while the property is being repaired. It's essential for maintaining a steady income.

If the building is a rental, insurance may cover additional costs if tenants need temporary accommodation due to damage. This helps ensure tenants have a place to stay while the property is repaired. It also maintains good tenant relations.

Standard property insurance policies do not cover natural disasters like earthquakes or floods, so if you want protection for these types of situations, you will need to purchase additional coverage if it is available. Check with your insurance provider to understand what's included.

Covers damage from unexpected problems such as burst pipes or a faulty backwater valve, which can harm your property and make it uninhabitable until it’s cleaned professionally. This coverage is recommended highly and should be researched to ensure you understand what you need.

Some building owners require their tenants to have renter’s insurance to protect their personal belongings and cover damage caused by the tenant. It can also provide liability protection in case someone gets injured in the rental property.

This insurance can be purchased to cover the costs to repair or replace equipment required to operate your building, for example HVAC systems and elevators. It can also cover associated business interruption costs and additional expenses incurred while keeping your building operational during the time it takes for the damaged equipment to be repaired or replaced.

For building owners with significant assets, an umbrella policy provides additional liability coverage beyond standard limits. providing more protection if a major claim arises.