Source: The Hartford — Real Estate Investor Insurance
The Hartford: Real Estate Insurance Appetite
The Hartford serves real estate accounts across the spectrum — from small real estate brokerages to mid-size property management firms. Their LRO product is specifically designed for commercial landlords and is competitively priced at around $164/month on average. For real estate agents and brokers, the BOP plus E&O combination is straightforward to place through Spectrum. Midsize property management firms with more complex exposures get dedicated underwriting through the middle & large commercial division with access to Property Choice forms and pollution legal liability.
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Commercial Property |
| Workers' Compensation |
| Professional Liability |
| Umbrella/Excess |
| Cyber Liability |
| Employment Practices Liability |
Premium Range
$2,500-$20,000
Typical annual premium
Target States
48 states + DC (excludes AK, HI)
Key Features
- General Liability Choice form meets contractual needs for additional insureds, waiver of subrogation, and primary coverage
- Professional liability (E&O) available for real estate agents, brokers, and property managers
- Lessor's risk only (LRO) insurance designed specifically for landlords renting commercial properties — average $164/month
- Pollution legal liability available for property owners, operators, and developers
- Risk engineering team provides water damage risk assessments and prevention plans for property managers
Limitations
- Large habitational portfolios over 100 units need specialty habitational carriers like QBE or Frankenmuth
- Real estate developers with active construction exposure need separate builders risk placement
- REITs and institutional real estate investment firms are outside standard small commercial appetite
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