Real Estate Industry

Commercial Buildings, Condos, Co-ops, Habitational Buildings, Vacant Buildings, Strip Malls, Shopping Centers, and more �

Loveman, Kornreich & Steers, Inc. has served the real estate industry for over 30 years. Our goal is to protect the commercial and residential property owner against all major insurable risks. Our specialists work with owners to understand their special concerns, and then recommend cost efficient solutions that best protect assets against damage, loss and liabilities.

Utilizing various Real Estate Programs, we currently provide coverage for several hundred properties, including co-ops, condos, rentals and commercial buildings. Working with a select group of insurance companies, Loveman, Kornreich & Steers, Inc. is able to offer clients superior coverage at reduced rates.

PROPERTY COVERAGE

All Risk of Physical Loss or Damage, subject to policy exclusions and limitations.

Limits: Per Policy Schedule

Property Covered: All Real and Personal Property owned by the Insured

Business Income coverage; Interest in Improvements and Betterments to buildings or structures; Personal Property of employees; Accounts Receivable; Computer Equipment, Media, Data and Programs; Valuable Papers and Records; Sod, Trees, Shrubs and Plants; Money and Securities – On and Off Premises; Mechanical Breakdown: Steam Explosions or Ruptures, Heating/Cooling systems; Refrigeration Units, Machinery, Compressors.

Deductibles: Options

$1,000 Per Occurrence
$2,500 Per Occurrence
$5,000 Per Occurrence
Higher Deductibles Available

Valuation: Real & Personal Property - Replacement Cost
Business Income – Actual Loss Sustained

Coinsurance: Waived

No Lead Paint Exclusion
No Mold Exclusion

Additional Coverages – Included, but not limited to:

Ordinance or Law; Loss to Undamaged Portion of Building; Demolition Cost; Debris Removal; Increased Cost of Construction; Back Up of Sewers & Drains and underground water; Property in Transit; Property of Others; Off Premises Overhead Transmission Lines (Direct Damage and Time Element); Utility Services – Direct Damage and Time Element; Flood; Earthquake; Terrorism Foreign/Domestic.

COMMERCIAL GENERAL LIABILITY

Limits of Liability:

$1,000,000 Per Occurrence
$2,000,000 Aggregate Per Location
$1,000,000 Personal & Advertising Injury
$1,000,000 Products & Completed Operations
$ 100,000 Fire Damage Legal Liability
$ 5,000 Medical Expense
$1,000,000 Hired & Non Owned Auto
$1,000,000 Employee Benefits Liability

Locations Covered: Designated Premises only

UMBRELLA LIABILITY
Limits of Liability: Limits available up to $200,000,000

BOILER & MACHINERY
Limits: Combined Limits for Property Damage, Business Interruption & Extra Expense

DIRECTORS & OFFICERS LIABILITY
* Various Limits and Deductibles are available - subject to completed application and Insurance Company approval.

FIDELITY – EMPLOYEE DISHONESTY
* Various Limits and Deductibles are available - subject to completed application and Insurance Company approval.

The coverage information contained herein is a listing of highlights only; refer to the actual policies for full terms, conditions, exclusions and limitations. In the event of a conflict between these highlights and the actual policies, the provision of the actual policies will govern.