Our Master Insurance Program (MIP) is a HUGE differentiator between our Property Management Services and other companies. Our MIP leverages the combined purchasing power of all of our properties to provide our clients with broad insurance protection at a cost that is far below what any individual owner could otherwise negotiate on their own.
Master Insurance Program
Client Benefits
1. Better protection: broader coverage & higher insurance limits
2. Significantly lower premiums
3. Premium savings will increase your bottom line and reduce your escrow reserves if you have them
4. Since your policy is under our MIP, you are no longer burdened with renewals, shopping insurance and eliminates insurance-related headaches
5. If and when a loss occurs, our insurance broker’s professional staff will be there to assist you and ensure a smooth and efficient claim process
Customize Your Coverage
1. Select from several different deductibles
2. Purchase or decline flood and/or earthquake
3. Choose valuation: replacement cost, functional replacement cost, actual cash value
Unique needs (e.g. special lender requirements, etc.) are easily satisfiedSet up property tax payments per property/ entity
Property Coverage
1. Coverage for properties that go vacant during the policy term remains intact
2. Includes Boiler coverage
Liability Coverage
1. Coverage for mold, fungus, lead and asbestos
2. Limits apply separately to each named location
3. Hired and non-owned auto liability coverage is included
4. We provide $100 million in excess liability coverage
