Real Estate
Property valuation, tenant liability, loss of rents, building code upgrades, construction, and portfolio-level limits. Coverage structured around the assets you own and the way you operate them.
< 5 min
COI generation time
48 hrs
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Coverage types built around the risks your business actually faces.
Commercial Property
Multi-occupancy valuation that correctly separates retail, office, and residential components. Each use class carries different replacement cost assumptions, depreciation rates, and code requirements.
A mixed-use building with ground-floor retail, office on 2–3, and residential above has three different valuation methodologies under one roof. A single blanket valuation misses the nuance.
General Liability
Premises coverage for shared lobbies, parking structures, elevators, and retail-facing sidewalks. Includes higher foot traffic assumptions for ground-floor retail and restaurant tenants.
Shared egress paths and common areas mean a single liability incident can involve retail customers, office workers, and residents, each with different legal expectations.
Business Income with Extra Expense
Revenue protection across multiple tenant classes: retail leases, office rents, and residential income streams. Each with different lease structures (NNN, gross, modified gross) affecting loss calculation.
Losing an anchor retail tenant to a covered loss may trigger co-tenancy clauses that reduce rent from other retail tenants. Your BI coverage needs to account for these cascading income effects.
Builders Risk and Renovation Coverage
Coverage for phased construction, occupied renovations, and tenant buildouts. Protects the building, materials in transit, and soft costs during construction periods.
Mixed-use projects often involve occupied renovations, such as converting office floors to residential or adding retail. Standard property policies exclude construction activity, creating a gap during the transition.
Environmental Liability
Pollution coverage for risks introduced by specific tenant uses: dry cleaners, restaurants with grease traps, auto service, and medical offices. Includes both first-party cleanup and third-party claims.
A dry cleaner tenant's solvent contamination can migrate through the building's foundation and trigger cleanup orders that exceed $2M. The property owner, not just the tenant, is on the hook.
Professional Liability / E&O
Errors and omissions coverage for property management operations: lease administration mistakes, CAM reconciliation errors, tenant selection disputes, and fair housing compliance.
Managing diverse tenant types means more lease complexity, more regulatory exposure, and more opportunities for administrative errors that trigger claims.
Loss of Rents
Covers rental income lost when units become uninhabitable due to a covered peril. Includes the fair rental value of vacant units that were expected to be leased.
Standard loss of rents coverage uses a flat per-unit figure. Your actual rent roll has variance: market-rate units, Section 8, loss-to-lease gaps. Your coverage should reflect it.
Ordinance or Law
Covers the cost of demolishing undamaged portions, increased construction costs to meet current building codes, and loss of value from code-required changes after a partial loss.
After a fire in an older building, code upgrades (sprinklers, ADA, energy efficiency) can add 25–50% to reconstruction costs. Without ordinance or law coverage, that gap is uninsured.
Equipment Breakdown
Coverage for HVAC systems, elevators, boilers, electrical panels, and other mechanical equipment. Includes spoilage (refrigeration), expediting expenses, and utility interruption.
A boiler failure in January forces tenant relocation and emergency repairs. Equipment breakdown covers the repair, the temporary housing costs, and the lost rent during displacement.
Umbrella and Excess Liability
Additional liability limits that stack across your portfolio. Covers the gap between underlying policy limits and catastrophic claim exposure across multiple properties.
A single property may carry $1M GL limits, but a portfolio of 20 properties concentrates risk. Umbrella coverage should be structured at the portfolio level, not per-property.
These aren't hypotheticals. They're the claims scenarios we see. Here's how coverage actually responds.
A frozen pipe bursts on the third floor, causing water damage to 16 units across three floors. Tenants require temporary housing for 6–8 weeks during remediation.
How coverage responds: Commercial Property covers the repair costs. Loss of Rents covers the rental income for all 16 units at their actual rent roll values. Tenant relocation expenses are covered under additional coverages.
A grease fire in a ground-floor restaurant spreads to the common corridor. Smoke damage forces three adjacent retail tenants to close for remediation. Two tenants invoke lease termination clauses.
How coverage responds: Commercial Property covers building repair. Business Income covers lost rent from all affected tenants, including the cascading impact of co-tenancy clause triggers on remaining retailers.
Residential tenants on converted upper floors report persistent water intrusion from improperly flashed windows. The remediation requires scaffold access and temporary tenant relocation.
How coverage responds: If builders risk was maintained through completion and a latent defect endorsement is in place, the remediation and tenant relocation costs are covered. Without it, the gap falls to the owner.
Most quotes delivered within 48 hours.
Property types, values, tenant mix, lease structures, occupancy, construction history, management responsibilities, and planned renovations.
We review valuations, income concentration, tenant uses, code-upgrade exposure, catastrophe risk, and liability across the portfolio.
Compare admitted and surplus-lines structures across property, liability, environmental, professional, and construction exposures.
Manage policy documents, locations, tenant certificates, additional interests, and claims as the portfolio changes.
“We handed Oncavio a portfolio that had been stitched together one renewal at a time. They went property by property, showed us exactly where we were exposed, rebuilt the coverage around what we actually needed, and still brought our total premium down. I'd stopped believing a broker could do all three.”
Darshan Patel
Managing Partner, Hotel Investment Group
We review your current program, benchmark it against your industry, and show you where the gaps are. No guesswork.
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