THE RIGHT COVERAGE
Madison Avenue Insurance Group has been writing commercial property risks since 2006. We are very experienced in commercial real estate market and can work with you to find right coverage for your specific needs.
We have access to the top insurance carriers and programs for all years built, types and sizes of buildings to include; apartment buildings, condo conversions, condominiums, condo associations, commercial real estate, hotels and motels, warehouse space and strip malls.
We offer “Master” insurance policies with one account manager to simply your life.
Contact us today to discuss your portfolio and needs.
Provides package commercial insurance coverage for multiple location on 1 policy, 1 agent and 1 bill for all locations. There is no minimum premium or number of locations. Adding and deleting locations can be done with ease.
Whether your building has been retrofitted or not, we have several markets for commercial earthquake, flood, and mudslides in all states we are licensed commercial earthquake coverage.
If you are interested in adding this coverage to this your commercial real estate portfolio, please call our office at your earliest convenience. Pricing is based on type of building, the year it was built and if it is retrofitted for earthquakes.
Contact us for a complimentary copy of our “Loss Prevention Kit” and your personalized insurance quote. Some properties will qualify for discounts based your landlord experience and loss history, claims history and building safety. Do not forget to mention this to us when you call.
IMPORTANT COVERAGE CONSIDERATIONS
BUILDING ORDINANCE COVERAGE
Building Ordinances generally come into play when there has been a 50% or greater loss such as a fire. The city where the building is located will then require the entire building to become updated to current building codes. These codes are ever changing and determined by each city annually.
Examples of updates include; Adding low income housing; installing side-walks, installing sprinkler systems, burying power lines, wheel chair access, energy efficient heating and appliances, moving building to current set-backs; lower building to current height restrictions, adding adequate parking spaces; replacing decks with 4″ railings.
Building Ordinance B Coverage pays to tear down and dispose of undamaged portions of your building as required to repair or rebuild your building.
Building Ordinance C coverage pays to update your building to current building codes as required by your city after a covered loss. The older the building the more updates will be required by your city.
EMPLOYERS LIABILITY-TENANT DISCRIMINATION
Employers liability coverage protects you from discrimination, harassment or wrongful rental/eviction type claims brought on by your employees or tenants. Coverage can include legal costs which can add up quickly.
Madison Avenue Insurance Group is licensed to write insurance in WA, OR, ID, MT, CA, CO, AZ, TX