RSA Insurance - Realty Insurance
Our Realty package is formulated to protect real estate–based businesses from the common risks encountered when owning or renting property, including loss of rental income due to property damage.
This package is designed for owners or property managers of:
Industrial buildings with manufacturing or wholesaling tenants
Residential buildings, including apartments, condominiums and townhouses
Retail buildings, including strip plazas, enclosed malls and single retail outlets (big box stores)
To be eligible for this package, the business must meet the following criteria:
- The primary risk is building ownership
- The business has up to 10 locations
- The building is 15 storeys or less
- The building is up to 35 years old or, if older, has been updated in the last 20 years
This package provides the same coverage as our standard Commercial Insurance package policy, and is enhanced to include coverage specific to the realty sector.
Actual loss sustained up to 12 months, maximum of $2,000,000
Newly Acquired Buildings & Contents
Employee Benefits Errors and Omissions
Tenants Legal Liability
$300,000 (any one premise)
The following optional coverages may be added to optimize protection: Sewer Back-up, Flood, Earthquake and Umbrella Liability.
Contact Monarch Insurance Brokers for more information.