Client: An investor LLC buying a leased warehouse building in Fontana · Coverage: Commercial Property + General Liability (Lessor's Risk) · Status: Bound
The problem
The investor was buying a warehouse in escrow that was leased to an auto parts seller. The lender needed evidence of insurance quickly. The building had no sprinklers, and the buyer was a new LLC with no insurance history.
How Pierce helped
- Sent a complete submission to our wholesale partner the same day, with ACORD applications and the appraisal
- Requested $900,000 on the building at replacement cost on a special form, $75,000 of business income with extra expense, and $1M/$2M general liability
- Led with the strengths: roof, electrical and plumbing updated around 2024, a satisfactory appraisal, environmental issues cleared and the owner's plan to add sprinklers
- Listed the lender as mortgagee so the evidence of insurance would match the loan documents
The result
The quote came back the next day at $3,080.79 for the year, taxes and fees included. It was bound on October 29, 2026, the day after the quote, with the lender shown as mortgagee.
Why it worked
Answering the underwriter's likely questions up front, especially about the building updates and the missing sprinklers, avoided a round of back-and-forth while escrow was waiting.
Related coverage
Insurance for Real Estate Investors & Landlords · Commercial Property Insurance · Insurance before escrow closes · General Liability Insurance
Facing something similar? Call 888-391-5981 or request a quote. A licensed agent will review your situation.
Client names and identifying details are withheld for privacy. This story is based on an actual account handled by our agency, as documented in our files. Coverage, pricing and results for your business depend on your own details.