Client: Real estate investors and LLC owners · Coverage: Property + liability + loss of rents + builder’s risk
The challenge
Our largest group of clients are investors who buy, refinance and build rental property, often in LLCs. Each closing needs a binder that matches the lender’s requirements exactly, and new construction needs different coverage than a finished rental.
What we did
- Wrote property and liability packages for apartments and rentals, with loss of rents and the lender’s mortgagee clause
- Sent binders and evidence of insurance directly to escrow officers
- Placed builder’s risk and premises liability while buildings were under construction
- Insured vacant buildings and land between projects
The result
Investors get one agency for purchases, refinances, construction and vacant periods, with documents sent straight to escrow.
What other business owners can learn
Give us the lender’s insurance requirements up front. Most closing delays come from a wrong mortgagee clause or a building limit below replacement cost.
Have a similar situation? Request a quote or call 888-391-5981. Learn more: Real estate investor insurance · More case studies
Client names and identifying details are withheld for privacy. This story is based on an actual placement by our agency. Coverage and pricing for your business depend on your own details.