Real Estate Insurance
There’s no denying that the commercial real estate industry in New York is dynamic. However, it faces numerous risks from natural forces, fire outbreaks, economic downturns, unfavorable practices & regulations, third-party liabilities, and more.
With the new renovations to your property in New York, your commercial real estate business has been thriving and has attracted several premium tenants. If you own properties such as rentals, warehouses, and distribution centers, you need to protect them from damages, losses, and liabilities.
Summit Coverages, Ltd understands that you've dedicated a lot of time and money to your investment. That’s why we offer comprehensive real estate insurance policies customized to suit the unique needs of every commercial property.
Commercial Real Estate May Cover the following:
- Bodily Injury: If an injury occurs to another person on your property, the insurance may pay out for the victim, individual, or firm on your behalf for medical costs, loss of business. and restitution for death.
- Property Damage: If your property causes the loss of use of someone else's property, then this coverage option caters for that.
- Contractual liability: This coverage option is an extension of the general liability.
- Liquor Liability: If you're not in the liquor business, but a person sues you for an accident and loss due to liquor, you’re protected.
- Medical Expenses: The commercial real estate policy may pay for medical care costs for someone injured on your commercial property.
- Personal Injuries: Your policy coverage may protect you in case of a lawsuit due to a wrongful eviction of a tenant, false accusations, arrests & prosecution, and the publishing of inaccurate material that infringes on someone's privacy rights.
- Advertising Injury: This coverage option protects you against lawsuits and liabilities due to privacy infringements and copyright.
Get a Quality Commercial Real Estate Insurance Policy
Summit Coverages, Ltd is a reputed insurance agency based in New York. Apart from real estate, we offer several other types of policies. We have an online rating tool for home & auto insurance quotes. For quotes on other insurance policies, visit or call our office.