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Real Estate

If you are an owner that also manages property, leases, self-sells (eg. Realtor), or develops property, your professional liability policy may be inadequate as it commonly excludes property that you have interest in.  If your insurance agent doesn't have this expertise adn know-how to negotiate and find this coverage, you may have an uninsured loss in the future.  Other common issues that those in the Real Estate industry have faced include:

  • High property premiums due to increased water damage type losses, especially in multi-story structures, with no plan in place to prevent them
  • No sewage back-up coverage
  • Lack of awareness of true replacement cost of buildings at today's high construction cost, creating potential uninsured situations on future property losses (eg. coninsurance penalties or inability to rebuild due to insufficient loss recovery)

With our partnership with Arthur J. Gallagher, Atlas has a resource to help our clients obtain certified replacement costs valuations of the properties, giving them reassurance they are adequately insured.  Atlas has expertise in 'owner-controlled insurance programs' (OCIPs), including in-depth construction safety expertise, resulting in lower costs to construct a new project.  Our expertise can help save moeny on your project cost right off the top.

Real estate owners, managers, and developers operate in a dynamic industry in which everyday "bricks and mortar" risks such as natural hazards co-exist with more complex challenges, including environmental liabilities, partnership and contractual obligations, and stricter lending requirements. The ever-changing nature of the industry here in Hawaii is bound to spawn new risks that must be dealt with.

It's no secret that you get better premium levels when more insurers compete on your business.  We have more insurer appointments than our competitors resulting in more satisfied clients.  Atlas can help our real estate clients identify, quantify, and manage their unique risks using an array of services and solutions, including a contract review to ensure you are adequately passing on risk so that you don't have to take on losses unnecessarily and needlessly increase your premiums.

Typical insurance coverages for the Real Estate industry include, but are not limited to:

Please note, coverage information contained in this website is for illustration purposes only, is general in nature, does not represent insurance contract provisions and is not meant to take the place of an insurance review. Please read your policy for specific details or contact one of our Atlas Agents for more information.