Holding the asset
Real-estate owners
Real-estate owners need coverage discussions tied to the asset and the entity that holds it. Occupancy, alterations, and the division of duties with a manager all belong in that account.
What the review should address
- Ownership entities and insured interests at each location
- Tenant improvements and landlord responsibilities under leases
- Vacancies, renovations, and changes to occupied areas
- Rental-income terms and the assumptions behind reported values
Where the wording matters
A tenant’s or manager’s certificate is not a substitute for reading the owner’s policy. Different parties can hold different interests in the same building.
Have these facts ready
- Ownership and location schedules
- Building updates and occupancy records
- Lease insurance provisions and management arrangements
Prepare for a discussion
Choose a discussion time
Spot and its brokerage partners perform insurance procurement for Van Ness Partners. This site does not itself transact insurance.