Lessor’s Risk Only

home front with for rent sign in yardInsurance for Lessor’s Risk Only

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Insurance for Lessor’s Risk Only

This product has been designed to attract building owners who rent their property with or without apartments and/or offices to eligible mercantile tenants.


Ineligible Lessor’s Risk Only

Please note we cannot offer coverage to the following:

  • Commercial tenants not required to carry their own insurance and certificate of insurance confirming coverage not obtained by owner or property manager
  • Tenant operations include a hospital, nursing home, assisted living facility, elderly care facility, health care facility or residential exposure
  • Risks located in AK, LA or WV
  • Property coverage in FL (unavailable with this product)


Available Coverage for Lessor’s Risk Only

  • Special form is available
  • Replacement cost is available
  • Value Plus Endorsement
  • Credits for:
    – Applicants requiring all commercial tenants to name the applicant as additional insured
    – Applicants requiring the tenant to be responsible for general condition of pavements and curbs (including ice and snow removal)


Coverage Limits Available for Lessor’s Risk Only

  • Maximum property value of $3,000,000 (depending on protection class and occupancy of tenants) or in coastal areas up to $500,000 excluding wind and hail
  • Liability limits up to $1,000,000/2,000,000
  • Excess general liability or umbrella available up to $5,000,000

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Claim Example for Lessor’s Risk Only

Vacant Retail Building with For Lease Real Estate Sign in Front.

Property: A fire began at the insured’s premises, due to a grease fire in the bar. It caused $65,000 in building damage. In order to repair the damage, the 1st floor bar tenant and the 2nd floor apartment tenant had to be evacuated for 2 months. This resulted in the loss of rental income for the insured. Severe wind caused the roof of the insured’s building to collapse resulting in $25,000 of building damage.


General Liability: Severe wind caused the roof to collapse injuring two tenants of the building. The tenants sustained $15,000 in medical expenses. A hose on the dishwasher located in the second floor apartment unit ruptured causing water to leak through to the pizza shop on the ground floor. This caused damage the seating area and the kitchen. The shoe store sued the building owner for negligence and damage to their shop resulting in a third party property damage loss of $10,000. A passerby caught her shoe on a crack in the pavement and fell outside the insured’s building resulting in $2,000 medical expenses.


Value Plus: Lightning struck a tree on the insured’s premise outside of their apartment building. The tree fell causing damage to three of the cars parked in the parking lot of the insured building. The value of the tree was $200 and the damage to the cars totaled $14,000. The tree was replaced and the cars were repaired.


Equipment Breakdown: A power surge resulted in the operation failure of a hermetically sealed 25hp motor in the air conditioning system. This caused a property damage loss of $28,600.

Please note –
You must be an appointed Peachtree Special Risk Brokers, LLC retailer to use these programs. Quotes obtained via these programs will only be bound IF you are previously appointed producer with a currently executed Producer Agreement with any Peachtree office.  |  Also, you must be properly licensed with the State in which the risk is located, with a copy of your State license on file with us.  |  Prior to Binding, you must confirm with your local Peachtree office to determine any and all applicable taxes and fees.  |  No coverage is bound until confirmed in writing from a Peachtree representative.  |  Please contact a Peachtree representative if needed for additional pricing considerations on any quote received using these programs or if your submission has been declined.  – Thank you! –