Dwellings (Commercial, 1-4 Family)

Lessor’s Risk coverage specifically for dwellings owned by individuals or entities for rental investment purposes. Griffin has many markets that write this class of business, so if online rating doesn’t provide something suitable, or if the guidelines outlined below are concerning, reach out to your Griffin underwriter.

Online-Rated Product Summary
  • Dwellings owned by individuals or entities for rental investment purposes
  • Locations that are leased on an annual or seasonal basis (general liability only for seasonal risks)
  • Owner-occupied buildings, so long as one or more units are tenant occupied
  • Available for new purchases with no prior insurance
  • Available for risks undergoing renovations
  • Schedules of up to 50 locations including general liability and property coverage (no limit to scheduled locations for general liability coverage only)
Product Advantages
  • No general liability deductible; Property deductible starts at $1,000
  • Defense coverage outside the limit
  • Expanded definition of bodily injury coverage includes sickness or disease caused by mental anguish or emotional stress
  • Ability to offer:
    -   Coverage for assault or battery in most states
    -   Loss of income including loss of rent coverage
    -   Per location aggregate coverage for a minimal fee
    -   Increased limits for medical payments
    -   Equipment breakdown coverage
    -   Coverage while property is under renovation
    -   Replacement cost for buildings up to 60 years of age
  • No standard animal exclusion
  • Ability to consider dwellings used for corporate employees/customers or any member of a corporation given the
  • applicant is an LLC or corporation
  • Usually no inspection fees
  • Ability to consider risks with boat docks or slips
  • Special Cause of Loss form available
Limits
  • General liability available up to $1,000,000/$2,000,000
  • Property values up to:
    -   $1,000,000 in protection classes 1–8
    -   $1,000,000 in coastal zones (excluding wind and hail coverage)
  • Commercial excess general liability or umbrella up to $5,000,000
  • Hired and non-owned auto liability up to $1,000,000
    -   Limit must be equal to the general liability occurrence limit
 

Quoting & Applications

Log in to obtain applications, additional info, or quote online.
*Coverage may not be available for all accounts or in all states
*Applications will apply to most markets but in certain circumstances additional applications may be needed
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