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AIG Real Estate Industry Solutions

The AIG Companies insures a wide range of companies in the real estate industry including Real Estate Investment Trusts (REITS), fiduciaries and trusts, property management firms, real estate developers, commercial property owners and fiduciaries and trusts. We offer diverse coverages including casualty, property and environmental.  With an in-depth understanding of real estate industry risks, the AIG Companies devise products and applications that manage risks simply and creatively. 

Products Back To Top
  • AIG Real Estate Solutions customizes General Property Insurance for a broad range of large, complex real estate risks, including Real Estate Investment Trusts (REITS), trusts and fiduciaries and property owners and managers. We offer up to $500 million in capacity backed by a financially strong carrier, which enables clients to address the worst of the catastrophic risks, including Florida windstorm and California earthquake.

    Other property enhancements include: All risk Property coverage,  Terrorism coverage, Difference in Conditions (DIC’s) and Equipment Breakdown coverage.
  • Our Casualty Risk Management Programs are diverse and comprehensive.  We specialize in guaranteed-cost programs that enable clients to achieve the fixed rates they desire. We can also provide loss sensitive, large deductible, self-insured retention and other flexible programs to address unique client needs. In addition:
    - Our commercial general liability insurance solutions can be structured with or without war and terrorism coverage and in partnership with AIG, environmental exposures such as toxic mold, lead and asbestos exposures can be addressed
    - We offer flexibility per location and overall aggregate limit options to suit our clients' needs 
    - Excess Workers' Compensation is also available.
  • Products that address Excess Liability exposures real estate companies face include Commercial Liability Umbrella Insurance, Real Estate & Financial Institutions Commercial Umbrella Liability and UmbrellaPrime ®.
  • AIG Real Estate Solutions also excels at tailoring solutions for companies in transactions involving properties with existing pollution conditions or potential unknown environmental hazards.
    - The Pollution Legal Liability Real Estate (PLL) policy offers site-specific coverage that responds to first-party cleanup costs at an insured property and third-party claims resulting from pollution conditions that cause on- or off-site bodily injury, property damage or clean-up. Policies are offered on a multi-year basis. Optional microbial matter (mold) coverage is available.
    - AIG Real Estate Solutions also offers a special pollution legal liability policy that is tailored for real estate investment trusts and endorsed by the National Association of Real Estate Investment Trusts (NAREIT).
  • Directors & Officers/Employment Practices Liability/General/Limited Partnership Liability Insurance -  we offer sound management liability insurance tailored for the D&O and employment practices liability exposures of real estate entities of all types. Policies are available to expressly respond to the risks of public and private firms and align coverage to optimally protect virtually any partnership structure, including a Limited Partnership, General Partnership, Joint Venture, Limited Liability Company, Limited Liability Partnership, Combined Corporation & Partnership or Real Estate Investment Trust. 
  • We offer numerous solutions for Professional Liability Insurance for real estate entities seeking to manage professional and management liability exposures, including:
    - RealSelect, a highly flexible, multi-line program designed to provide efficient, customized protection for REITs, fiduciaries and trusts, property managers and other real estate entities.
    - Real Estate Property Managers EPL/E&O Select, an innovative multi-line solution for property managers.
    - Standalone Professional Liability Insurance solutions for real estate investment advisors and property managers.
    - Customized Professional Liability Insurance solutions for real estate brokers
  • Historic Tax Rehab Credits coverage is designed to help protect owners, developers and/or tax credit investors against the potential loss or recapture of the rehabilitation tax credit for the full duration of the exposure—through a qualifying property’s rehabilitation and first five years of occupancy.
  • Zoning Restriction Protector Insurance offers a first-of-its kind solution for this problem. Designed for commercial and residential real estate developers and lenders, Zoning Restriction Protector provides valuable dual coverage that:
    - Protects lenders against a loss between (i) the loan balance on the date of a property damage loss from an insured peril and (ii) the total insurance proceeds at the time of property damage if the same size building cannot be rebuilt due to zoning ordinances in effect the date of the property damage.
    - Insures in conjunction with the AIG Companies' standard building insurance policies the property owner for the loss of net equity suffered in whole or part as determined by an appraisal (after considering all debt and insurance recoveries) if the same size building cannot be rebuilt due to zoning ordinances in effect the date of the property damage.
  • Products that are targeted to address individual real estate concerns include Condos and Tenants Insurance and Excess Flood Insurance.
  • Products that cover unforeseen catastrophes and acts of terrorism include Kidnap, Ransom & Extortion Insurance and Property Terrorism Insurance.
 
Services Back To Top

• Property Loss Control Services - AIG Real Estate Solutions offers real estate clients global loss control and consulting services that encompass hazard and risk identification, risk analysis, protection systems and risk mitigation strategies. Our highly experienced experts help policyholders optimally address complex physical damage and business continuity issues.

• Excellence in Casualty Loss Control and Claims - Real estate entities can tap AIG Real Estate Solution’s extensive loss control and claims management expertise to prevent and mitigate losses. This expertise is evident in customized loss control programs, which can include:
- Management systems reviews of policies and procedures; organizational accountability; allocation of resources; development of internal capabilities; risk identification and prioritization; Best Practice assessments and gap analyses; and other areas of concern to clients.
- Technical support spanning management & employee training; manual material handling; self inspection and hazard identification; management of toxic/hazardous materials; public safety/fire safety; safety committees/communications; industry-specific hazards; OSHA/DOT/EPA compliance; and additional areas of interest to clients.

• Claim services are provided by the AIG Companies’ claim experts, who have years of experience managing real estate claims. The nation’s premier defense attorneys, investigative resources and other experts are also available to support insureds in claims. In addition, insureds can take advantage of the IntelliRisk online claim management system. IntelliRisk facilitates tracking and charge-back of claims by tenant/property and helps property owners and managers identify loss trends and enhance loss mitigation efforts.