Real Estate

Insuring the property you own or manage is the most obvious means to protecting your investment, but considerations like financing, use, construction and size make insuring real estate more challenging than traditional commercial properties. On top of that, your tenants pose additional risks that threaten your investment and add to your administrative load.

Whatever the size of the portfolio, Higginbotham has experience helping real estate owners, property managers and developers effectively manage their property and liability exposures. We represent insurance carriers that cater to this market segment and provide a number of targeted risk management solutions for:

  • Strip shopping centers
  • Enclosed shopping malls
  • Multi-tenant buildings (office and retail)
  • Residential complexes
  • Mixed-use developments

Common Real Estate Coverages

  • Property
    • Loss of Rents/Business Interruption
    • Building Ordinance & Law
    • Co-insurance/Agreed Amount
  • Environmental
  • Equipment Breakdown
  • Wrap-ups (Owner Controlled and Contractor Controlled Insurance Programs)
  • Builders Risk
  • Professional Liability

Risk Management

We tailor coverage to comply with your lender requirements and allocate premiums for property managers who administer consolidated insurance programs. Whether a consolidated or standalone program, we ease your administrative burden and improve your loss control with contract reviews that transfer risk to your tenants and an insurance certificate management program that validates the coverage your tenants carry. Both of these services aim to reduce your exposures by allocating risk to other parties.

To ensure your insurance policies have accurate replacement cost values that reflect current market conditions, Higginbotham can provide profiles of your properties. Our property profiles show building composition, size, structure, safety features, and photographs so you avoid being underinsured, causing you to pay out-of-pocket for a catastrophic loss exceeding replacement cost value, or over-insured, causing you to pay higher rates.