Real Estate Umbrella Insurance

McGowan Program Administrators Real Estate Umbrella Program offers coverage when people and businesses need it most. Whether coverage is needed for apartment complexes, office space, warehouses, light industrial plants and more, brokers can find the plan that best suits their customers’ needs by working with McGowan.

Have questions? Contact Megan Davis for more information.

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Real Estate
Umbrella Applications

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Real Estate
Umbrella Brochure

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Product Details

ELIGIBLE CLASSES

McGowan’s Real Estate Umbrella Program provides liability coverage of $5 – $100 million for eligible classes that include:

  • Apartments
  • Light Industrial
  • Office Buildings
  • Office Condominiums
  • Shopping Centers
  • Strip Malls
  • Warehouses

CARRIER

  • A.M. Best “A” Rated Carriers/Admitted Paper
  • Required Underlying Rating: A- / VI Or Better

TERRITORY

All 50 states (except AK, GA, MT, NY)

AVAILABLE "FOLLOW FORM" COVERAGES

  • Automobile Liability
  • Employers Liability
  • Employee Benefits Liability
  • Liquor Liability

MINIMUM ATTACHMENT

  • Generial Liability: $1MM/$2MM
  • Auto Liability: $1MM for owned
  • Employers Liability: $100K/$500K/$100K

SPECIAL FEATURES & COVERAGES

  • Defense Costs Outside the Limits
  • No Shared Limits- Each Insured Receives Its Own Policy & Policy Number
  • Real Estate Manager Covered As Additional Insured
  • Aggregates Per Location

TO OBTAIN QUOTES

Agents may submit any Acords, COPE/SOV schedules, or supplementals they have on file for initial pricing from McGowan Program Administrators. Firm quotations are subject to receipt of the following:

  1. A fully completed application and any supplementals that may apply (Real Estate, Vehicle, Valet).
  2. A fully completed Named Insured & Location Schedule.
  3. Three years of currently-valued (generated within the past six months), hard copy loss runs.

TO BIND COVERAGE

The following items are required in order to bind coverage:

  1. A written request to bind on or before the effective date of coverage.
  2. A fully completed application and any supplementals that may apply (Real Estate, Vehicle, Valet).
  3. A fully completed Named Insured & Location Schedule.
  4. Three years of currently-valued (must be carrier generated within the past six months), hard copy loss runs.
  5. Underlying declaration pages including forms, limits, and schedules of locations/insured

Resources

The Essentials of Real Estate E&O Insurance: Protecting Your Business

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