Building Owners
Property Insurance
Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon
No
- Commercial General Liability
- Contents
- Crime
- Cyber
- Property Damage
- misunderstood risks (e.g. claims history that has been remedied by proper loss control)
- mixed occupancy (office / retail on main floors with residential above)
- additional capacity available to fill subscription policies
- wood frame unprotected properties
Product Overview
Building Owners by ABEX Affiliated Brokers Exchange Inc. offers flexible insurance for both commercial and residential property owners. This product is designed to help landlords protect their buildings, contents, and rental income from unexpected losses.
Coverage includes property damage, commercial general liability, crime, and cyber risks. Building Owners by ABEX Affiliated Brokers Exchange Inc. is ideal for landlords with single or multiple properties, including those with older buildings, wood frame construction, or high-risk tenants.
About Building Owners by ABEX Affiliated Brokers Exchange Inc.
This insurance is also a strong fit for properties with mixed use, such as retail or office space on the main floor and residential units above. Building Owners by ABEX Affiliated Brokers Exchange Inc. is available in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, and Yukon.
ABEX Affiliated Brokers Exchange Inc. welcomes risks that may be declined by standard markets, including properties with a claims history that has been improved by loss control. There is no contract required for brokers to offer this product, making it easy to access.
For more details, brokers can review the application form or connect with an underwriter for a quote via the ‘Contact Underwriter for Quote’ section.
Building Owners by ABEX Affiliated Brokers Exchange Inc. FAQs
Are older buildings or wood frame properties eligible for coverage under this program?
Older buildings and wood frame properties are eligible for coverage under this program. The insurer recognizes that these types of properties may not always fit standard insurance criteria.
Building Owners by ABEX Affiliated Brokers Exchange Inc. is designed to address the needs of landlords who own properties with unique construction or age-related features. Properties that may be considered higher risk due to their age or construction materials can be reviewed for coverage, provided proper loss control measures are in place.
How does Building Owners by ABEX Affiliated Brokers Exchange Inc. support landlords with high-risk tenants?
This product is suitable for landlords who rent to high-risk tenants, such as those with non-standard business operations or challenging occupancy histories. The insurer is open to reviewing properties with tenants that may be declined by other markets.
ABEX Affiliated Brokers Exchange Inc. looks at the overall risk profile and considers any steps taken by landlords to manage or reduce potential exposures. This approach helps landlords secure coverage even when tenant profiles are more complex.
Does the product cover losses related to crime or cyber incidents?
Yes, this insurance product includes coverage for both crime and cyber incidents. Crime cover protects against losses from theft, burglary, or other criminal acts.
Cyber coverage addresses risks related to data breaches and cyberattacks. This is especially important for landlords who store tenant information or rely on digital systems for property management.
Are there options for additional capacity or unique risks with Building Owners by ABEX Affiliated Brokers Exchange Inc.?
The program offers options for additional capacity, making it possible to meet higher coverage needs. Unique risks, such as misunderstood claims histories or mixed-use occupancies, are also considered.
ABEX Affiliated Brokers Exchange Inc. is flexible in its underwriting approach, allowing brokers to find solutions for properties that may not qualify elsewhere. This flexibility helps brokers serve clients with special requirements or challenging risk profiles.
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