Real Estate Professional Opportunities

Because DRickard Insurance offers unique products from many different insurers across upstate New York State real estate professionals have closed some sales that they may otherwise not been able to close.  Some of the out of the ordinary or weird policies we sell include the following.

• Replacement Cost Coverage on Manufactured Homes

• Purchaser and Sellers Under Contract

• Renovation Project Insurance

• Vacant Property Insurance

• Pre-possession Policies

• Other Hard to Place Insurance Needs

Replacement Cost Coverage on Mobile Homes - Usually, regardless of the age of a singe or double wide mobile home, DRickard Insurance has been able to find replacement cost coverage.  So that means that a double wide that is 40 years old may be insured for a full replacement cost of $145,000.  So, this means that a lender would be able to see a binder reflecting the $145,000 worth of coverage on the home.  This makes the sale easier to be financed.  Contact us and tell us about the property and situation you would like to insure 607-843-8860 or insurance@drickardinsurance.com

Buyer and Seller Under Contract Insurance - Many sales are arranged without a conventional lender.  Often the property owner will enter into an agreement with a purchaser that allows the buyer to take possession of the property without the deed being transferred.  There must be a written agreement.  In these cases the most cost effective way for everyone with an interest to be protected is a Purchaser/Seller under contract (PUC/SUC) policy to be written in the Purchaser's name while listing the deed holder as an additional insured and loss payee.  These clauses extend both liability and property loss protection to the deed owner.  This type of contract language is available on select Homeowners, Landlords, and Business Insurance Policies.  Contact us to build a policy for you 607-843-8860 or insurance@drickardinsurance.com

Renovation Project Insurance - Suppose that a fire destroys half of a house.  The damaged house, missing part of the roof and windows, much of the inside is gutted, the outside is damaged, and the structure cannot be sealed from weather or wrongful entry.  We can find insurance on these cases too and often very quickly.  We need some information about the house and buyer and the total cost of the project.  We add the cost of the building at the time of purchase, add the cost of all materials, and  add the cost of the value of the labor to give us the complete project value.  Using the complete project value amount we write one policy for that amount.  NOTE these policies are designed for projects that will run from 6 months to 2 years.  Contact us and find out more 607-843-8860 or insurance@drickardinsurance.com

Vacant Property Insurance - Yup, we do that.  This is available for unoccupied buildings that are for sale or are purchased but the owner will not have the property occupied within 30 days.  Contact us  to insure vacant land or vacant buildings 607-843-8860 or insurance@drickardinsurance.com

Early Possession Insurance - When things are dragging on and on but the property owner agrees to let the seller take possession of the property before all of the closing details are complete special insurance is needed.  We can design policies that cares for the interests of the parties involved.  Contact us to set up a prepossession policy 607-843-8860 or insurance@drickardinsurance.com

Hard To Place Risks - If it is out of the ordinary, give us a try.  With the many insurers we work with it is easy for us to look at situations from different points of view.  In fact, we are surprised if we cannot find a solution for you.  Contact us and describe the property and situation you would like to insure 607-843-8860 or insurance@drickardinsurance.com