Good market for commercial real estate building

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steve32
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Posts: 73
Joined: Fri Oct 26, 2007 10:46 am

Good market for commercial real estate building

Post by steve32 »

I have a client that owns a few commercial office buildings (less than 3 stories) that he rents out to tenants. They are like executive suites.

Do you have a good preferred market and carrier for this type of risk?

It is currently insured, but we are going to see if he can find a better rate and coverage.

Thank you in advance.
InsMgmt
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Joined: Mon Aug 25, 2008 12:50 pm

Re: Good market for commercial real estate building

Post by InsMgmt »

Within which state is your client's property located?

We have found that Zurich, Travelers, Liberty Mutual and Philadelphia, to name a few, do a good job for lessor's risk only GL and property exposures. It will depend on whether or not the risk is located in a restricted region (within 1 mile of the Atlantic Ocean, for example). This office class risk should be fairly easy to place. Typically, unless there is some exposure not being discussed here, this should be a "most desirable" class of business for all of your commercial carriers.
steve32
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Posts: 73
Joined: Fri Oct 26, 2007 10:46 am

Re: Good market for commercial real estate building

Post by steve32 »

Thanks for your help. It's in CA and should be a good risk.

Can you recommend any good GA's or other company's that have access to Travelers Commercial?

I've worked with Superior Access, but would be open to others... thank you
Shagster12
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Joined: Mon Feb 04, 2008 11:44 am

Re: Good market for commercial real estate building

Post by Shagster12 »

Steve,
I would look into accessing Sequoia or CIG.
I think they're probable as aggressive as anyone in Ca. right now for the LR type risk.
Not sure who to go to as a GA but you can call the carriers and find out.
Good luck!
Shagster
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