More Help For Real Estate Agents by Drickard Insurance

DRickard Insurance

607-843-8860

insurance@drickardinsurance.com

New York State

DRickard Insurance
"Your Favorite Insurance People"

DRickard Insurance

Your Favorite Insurance People

607-843-8860 insurance@drickardinsurance.com

DRickard Insurance Solutions

Helping Real Estate Agents

Home Office Insurance
Business Office Insurance
Professional Liability
Cyber Liability
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Property Managers

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Home Office Insurance

Just about every Real Estate Professional we know has some version of an office in their home. Most of those are not adequately insured unless a special rider has been added to the homeowners insurance or a home based business policy is purchased seperately.

Unless your homeowner policy has a specific endorsement or you have a home business stand alone policy you are not likely to be covered for your business property and liability exposures.

Why do we say this? Because the property coverage limit for business property you own in the same name that your homeowner's policy is written in is limited to only $500! There is also no coverage for your liability issues. What is more, if your business is owned by an LLC or other entity the business property is not covered at all!

What are you solutions and how much do they cost? Well, in the case you simply have a few thousand dollars of business property in your home but do not have any business traffic coming there your solution may be in the $25 per year ball park. Other solutions often start around $150 annually depending on insurer. Contact us at 607-843-8860 or insurance@drickardinsurance.com for customized solutions.

Business Office Insurance

Starting at $250 annually from many insurers an office insurance policy can cover your office equipment and supplies as well as premises liability coverage. On top of this basic insurance package you can add building coverage.

Cyber liability and crime coverage and professional liability are very important optional parts of your total insurance package.

Professional Liability

As with most of the products we offer we have found several sources for Real Estate Agent Errors and Omissions Insurance or malpractice insurance.

Cyber Liability

You collect personal non-public information, bank information from customers, and use a variety electronic media to store and transmit information. You have a serious exposure to cybercrime issues. Contact us for solutions and look at our Cyber Liability Insurance information pages.

Close more deals with hard-to-find insurance products.*

Why call DRickard Insurance?

Many coverage options.
Many insurers to choose from.
Hard to insure properties considered.
Standardized systems for handling unique properties.
Accessibility to technologies and forms that make doing business easier.
Small town office appeal with statewide reach.

Here is a selection of some products we offer:

1-4 Family Structures Insurance	Purchaser/Seller Under Contract
Apartment Buildings Insurance	Property with Losses Insurance
Apartment Complexes Insurance	Renovation Projects Insurance
Buyer/Seller Under Contract	Retail Property Insurance
Commercial Insurance	Retail Plaza Insurance
Distressed Properties Insurance	Single Family Rental Insurance
Landlord Insurance	Short Term Rentals Insurance
Lessor's Risk Insurance	Student Housing Insurance
Mixed Occupancies Insurance	Under Contract
Occasionally Rented Property Insurance	Vacation Rentals Insurance

Income Properties

Types of Properties Covered:

1 – 4 Family Homes
Student Housing
Affordable Housing
Senior Housing
Market Rate Apartments
Community Associations
Mixed Occupancies
Commercial Occupancy
Industrial Occupancy
Retail Occupancy
Vacant Property

Available Coverage Options:

Low Actual Cash Value Limits
High Replacement Cost Value Limits
Market Valuation Building Limits
High limits of liability
Special Policy Enhancements

Savings Options:

Higher Deductibles

Renovation Projects Insurance

What Qualifies:

Incomplete Construction Projects
Fire, Flood, Wind and other Damaged
Properties in disrepair or disused
To be flipped, owner or tenant occupied

Coverage is based on the completed cost of the project including cost or market value of the property at the start, plus the value of the labor, plus the cost of the materials.

One touch simplicity for a complicated product.

Builders Risk Insurance

An insurance product written for the value of the completed project written with a discount that must be purchased before construction begins.

Prefabricated Structures Insurance

Higher Coverage amounts make lenders happy.

Replacement Cost Settlement Option on nearly any age home.
Stick Built Replacement Cost Settlement Option on Doublewides on a complete slab.
Stick Built Replacement Cost Settlement Option on Modular Home with perimeter foundation.

Hard-To-Insure Properties

Dogs
Horses
Old nasty buildings
Vacancy
Properties or owners with losses
Properties over 5 miles from a fire station
Child Daycare
Restaurants

*NYS Licensed Insurance Brokers who are contracted with DRickard Insurance may qualify for a finder’s fee. Contact DRickard insurance for details.