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General Property Insurance
The AIG Companies write exceptional flexible General Property Insurance for a broad range of risks including municipalities, retailers/wholesalers, service businesses, woodworkers, processing businesses, warehouses, financial and healthcare institutions, restaurants and casinos. 
Features and Benefits Back To Top
  • Industry-leading limits up to $1.5 billion
  • Critical CAT EQ and Wind capacity up to $50M Global capabilities
  • Non-admitted flexibility of rate and form
  • Primary, excess or Difference In Conditions basis
  • All risk cover, including boiler & machinery or named perils, available on broker manuscript, company or ISO forms
  • Unique coverage enhancements which differentiate Lexington from other markets, including Bio-Chem Terrorism, Op Shield, Upgrade to Green, Historic Tax Credit, Cyber, Zoning Protector, and Evacuation Response
  • Optional deductible buybacks
  • Experienced engineering services either on a bundled or unbundled basis
  • Consistency, Underwriting commitment and financial strength
  • Rapid, efficient claims response
  • Stand-alone or embedded Terrorism coverage
  • The Lexington Property Insurance Brochure (.pdf) offers an overview of benefits and features of Lexington Insurance Company's Property insurance.
  • The Bermuda Property Guide Brochure (.pdf) offers an overview of the products available for the Lexington Insurance Company for Bermuda Property insurance.
 
Claims Back To Top

When a customer experiences a property loss, nothing is more important than promptly paying the claim and restoring their business to normal operation as quickly as possible. With extensive commercial property claims experience derived from managing some of the biggest, worst and most complex property claims in history, and a vast network of resources that stand ready to respond, The AIG Companies are well equipped to do just that.

Our access to national general adjusters and property and auto/heavy equipment reinspectors located around the country ensure policyholders receive proper loss assessment and quality control. And dedicated catastrophe teams, comprehensive claims investigators and safety/loss control engineers help policyholders effectively mitigate their losses and minimize loss costs.

Fax: (866) 612-8014
E-mail Lexingtoncommercialproperty@aig.com
Mail: Lexington Insurance Co.
100 Summer Street
Boston, MA 02110

Upgrade to Green Back To Top

Upgrade to Green coverage is available as an endorsement to Lexington commercial property policies and is applicable to portfolio or single building policies. Real estate, financial services, and hospitality firms, educational institutions, and public entities in a particular will find Upgrade to Green valuable coverage as they seek to green their property portfolios.

Features and Benefits

- Within the policy per occurrence limit of liability, and subject to a maximum sub-limit of liability of $5,000,000 the coverage increases by 25% the limit applicable to a building listed in the schedule of values if the insured elects to upgrade the property

- Coverage is applicable to Leadership in Energy and Environmental Design (LEED®) certified and non-LEED certified buildings

- Enhanced coverage for recycling debris after loss and during reconstruction

- Coverage to hire a LEED accredited architect or engineer to help with the design and reconstruction

- Coverage for LEED re certification expenses

For more information, please download the Upgrade to Green Brochure (.pdf)

Pandemic Back To Top

Pandemic Rx reimburses for business income loss sustained and extra expenses incurred by acute care medical facilities during an influenza pandemic event. Pandemic Rx is available as an endorsement to Lexington's property policy and is triggered by the declaration of a public health official within the geographic service area of an insured health care facility.

Features and Benefits

- Targeted acute care medical facilities include for profit hospitals and not for profit hospitals in both urban and suburban areas

- Targeted acute care medical facilities include teaching hospitals that are affiliated with medical schools

- Capacity of up to $25 million available

- Coverage is subject to an insured's quota-share provision

- Coverage for up to six months of business income loss during the pandemic period resulting from increased expenses, reduced patient care reimbursement due to restrictions on non-urgent hospital based services or changes in case mix, or reduced ancillary revenues such as concessions or parking

- Coverage for up to $100,000 for crisis management expenses resulting from either a public relations campaign during the pandemic period to keep the community informed of available healthcare services or to facilitate recovery from the lingering economic damage an insured may experience due to the social stigma of having served as an isolation or quarantine center

- Cost recovery services of a third party consultant with expertise in Federal Emergency management Agency (FEMA) reimbursement

For more information, please download the Pandemic Rx Brochure (.pdf)

Emergency Evacuation Back To Top

Lexington's Evacuation Response Coverage pays numerous expenses that healthcare and higher education institutions can incur in complying with mandatory evacuation orders. This includes costs of transportation, shelter, food and medical care for patients, students, and essential employees.

Features and Benefits

- Responds to expenses incurred during an evacuation period of up to 30 days

- Responds regardless of whether the insured property suffers direct physical loss or damage. When no direct physical loss or damage is sustained, a minimum per location limit of $500,000 applies. When direct physical loss or damage is sustained, the policy pays 25 percent of the loss or damage incurred subject to a per location minimum limit and a maximum limit up to $5 million.

- Can be written for multiple locations with one disaster limit of liability applicable to all scheduled location.

For more information, please download theEvacuation Response Brochure (.pdf)

Boiler and Machinery Back To Top

Lexington provides exceptionally broad Equipment Breakdown (boiler and machinery) insurance for a wide range of risks including: municipalities, communication industries, commercial property and real estate, heavy manufacturing, construction, healthcare, higher education institutions, among other.

Features and Benefits

- Pays the cost of Physical Damage to an extensive range of equipment, machinery and technology resulting from covered accident.

- Includes coverages for Business Income, Contingent Business Income, Service Interruption, Perishable Goods, Extra Expense, and more.

- Equipment Breakdown coverage is embedded within Lexington's Property form to optimize coverage integration and minimize potential gaps.

- Flexibility to customize coverage to insureds precise needs.

- Claims handled by specialists to expedite restoration of insureds operations via a national network of repair firms and part suppliers providing preferred service terms.

- Many adjusters are engineers of technicians with the knowledge and experience to swiftly locate proficient repair firms or hard to find parts and components.

- Includes Jurisdictional Inspection service of boilers and pressure vessels. Emphasis is on proactive identification of objects that require an inspection and timely completion to help assure compliance with applicable laws or codes.

- Inspectors certified by the National Board of Boiler and Pressure Vessel Inspectors and state authorities.

- Loss prevention consulting services available including equipment risk assessments and infrared thermography.