A lessor's risk only (LRO) insurance policy is a type of commercial property insurance designed to help protect landlords who rent out commercial properties.

• Property TIV up to $5.8M per policy, $3.8M per location

• Property up to $10M TIV in AL. GA, FL, LA, MS, SC, and TX

• Wind-exposed coastal property, right up to the water!

• Built as early as 1850; buildings prior to 1900 need complete building system upgrades within last 30 years

• Wind deductibles as low as 2%

• Excess liability up to $5m (providing excess to the LRO policy limits, not the tenant's operations)

o 1-4 Family Dwellings LRO

 63010, 63011, 63012, and 63013 codes

 Vacation rentals are excluded for excess

o Apartments less than 250 units

 60010 Apartment Buildings

 60011 Apartment Buildings – Garden

o Buildings or Premises codes LTO

 61212, 61216, 61217 and 61218 codes

 Wide range of occupancies eligible, including restaurants, retail, offices, services, manufacturing, and more

o Warehouses LRO

 68702 and 68703 codes

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Considered Risks

• Retail and habitational tenancies

• Locations with prior loss history

• New ventures without prior coverage

• Restaurant tenants with commercial cooking exposure

• Legal marijuana distribution and retail

• Vacation rentals including single dwellings, townhomes, and condo units

We have several outstanding admitted and non-admitted markets.

In CA- Eligibility will depend on brushfire score.

Some carriers are more sensitive on that than others. For example, Scottsdale has us pull from RiskMeter which is much less strict. Lots of other carriers have their raters to pull from HazardHub and it is more strict.

We have a LRO home for pretty much any risk in the U.S.

• COVERAGES:

General liability, property, and package options

General liability limits up to $1M/$2M

Excess general liability up to $5M

Property up to $3.3M TIV/$5.6M per policy/$10M TIV in select states

Wind deductibles as low as 1%

Business personal property up to $5k

• APPETITE:

Lower 48 states + DC

Mixed-use buildings

Buildings constructed after 1850

High-risk coastal properties accepted

New purchases

Coverage lapses

Locations with prior loss history

Residential and commercial tenancies

Occupied and vacant properties

Small businesses operated in the United States *EXCEPT for

chemicals, flammable materials, explosives, fireworks

sales/storage, livestock, and nightclubs

• TOP CLASSES:

1-4 rental dwellings

Apartments

Apartments - gardens

Banks

Bars/restaurants

Cannabis/CBD dispensaries

Cannabis growers

Mercantile

Manufacturing

Offices

Parking (open air)

Parking (shopping centers)

Parking (private)

Parking (public)

Shopping centers

Short-term rentals

Warehouses

Vacation rentals

• RE: Nationwide Insurance LRO program:
• States Available: AZ, KS, KY, MA, ME, MI, MN, NC, NJ, NM, OR, PA, SC, TN, UT, VA, WI.

• Only BOP eligible LROs will qualify.

• Strip malls are eligible; if they meet this definition-

- Single tenant or two tenant buildings

- Stand alone office buildings with shared reception areas but no retail activity

- Business parks with separate structures and no shared customer traffic

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• Existing age of building guidelines remain in effect, including any required documentation for older structures.

• No exceptions will be granted for CAT guidelines or deductible requirements.

• Any exposure over 15,000 sq. ft. must be referred for Underwriting review.

• Common tenant types include:

• Retail (clothing, boutiques, toy stores)

• Personal services (nail salons, barbers, dry cleaners)

• Food service (restaurants, coffee shops, take out)

• Limited office uses