Real Estate
Real solutions in real estate
Our goal is to not only develop and deliver competitive insurance solutions, but to transform the risk management function into a profit center for your firm. We achieve this by staying ahead of market trends, utilizing data wherever possible, and streamlining administrative processes. Coupled with our holistic approach to controlling your exposures, Core Assurance will help you unearth opportunities and maximize your return on investment.
Whether you are a national multi-property organization or a local company, Core Assurance has extensive experience in the following arenas:
- Real Estate Owners
- Real Estate Developers
- Property Managers
- Commercial Real Estate (CRE)
- Home Owners Associations (HOA)
- Condo Owners Associations (COA)
- Real Estate Investment Trusts (REITS)
- Multifamily
- Hotels and Resorts
- Workers’ Compensation for seasonal employees
- Affordable Housing
- Builders Risk Insurance
- Subcontractor Default Insurance
- Environmental
- Cyber Liability
- Claims Advocacy
- Surety Bonds
Client Success Stories
THE CLIENT: Hospitality / 1000+ Rooms / $400M+ Total Insured Value
THE CHALLENGE: Due to poor data quality for CAT modeling, the client was offered uncompetitive terms and conditions.
CORE SOLUTION: With a deep understanding of how to properly model and underwrite a property, we analyzed the existing underwriting information and worked with the client to develop comprehensive data.
THE OUTCOME: The improvement in modeling consequently improved the insured’s rate. We presented improved terms and conditions, and a 32% savings in annual premium, making them a lifelong CORE client.
THE CLIENT: Condominium / 850 units / $100M Total Insured Value
THE CHALLENGE: 15 days prior to renewal, the insured was presented with large increase by the incumbent broker with no alternative options. The premium spend exceeded seven figures.
CORE SOLUTION: We analyzed the data and underwriting information; based on our market insight, we committed to deliver a 20% savings by improving the data – despite not having a firm commitment from a carrier.
THE OUTCOME: We improved the client’s pricing and delivered a renewal even better than what we committed to for a 29% savings in annual premium, without negative terms and conditions.
THE CLIENT: Multifamily / 20,000 managed units / $600M Total Insured Value
THE CHALLENGE: Multiple policies for each location were causing administrative burden. Additionally, the insured was facing $100,000+ in state fines for improperly structured Workers’ Compensation policies.
CORE SOLUTION: Swift placement of a new Workers’ Compensation policy eliminated the immediate threat of fines. We committed to take over the entire program at the same or better price then leveraged a strong carrier partner relationship to honor that commitment.
THE OUTCOME: We delivered a comprehensive insurance solution with more coverage for the same price, consolidated their program, and relieved the client of non-compliance.
THE CLIENT: Hospitality / 1000+ Rooms / $400M+ Total Insured Value
THE CHALLENGE: Due to poor data quality for CAT modeling, the client was offered uncompetitive terms and conditions.
CORE SOLUTION: With a deep understanding of how to properly model and underwrite a property, we analyzed the existing underwriting information and worked with the client to develop comprehensive data.
THE OUTCOME: The improvement in modeling consequently improved the insured’s rate. We presented improved terms and conditions, and a 32% savings in annual premium, making them a lifelong CORE client.
THE CLIENT: Condominium / 850 units / $100M Total Insured Value
THE CHALLENGE: 15 days prior to renewal, the insured was presented with large increase by the incumbent broker with no alternative options. The premium spend exceeded seven figures.
CORE SOLUTION: We analyzed the data and underwriting information; based on our market insight, we committed to deliver a 20% savings by improving the data – despite not having a firm commitment from a carrier.
THE OUTCOME: We improved the client’s pricing and delivered a renewal even better than what we committed to for a 29% savings in annual premium, without negative terms and conditions.
THE CLIENT: Multifamily / 20,000 managed units / $600M Total Insured Value
THE CHALLENGE: Multiple policies for each location were causing administrative burden. Additionally, the insured was facing $100,000+ in state fines for improperly structured Workers’ Compensation policies.
CORE SOLUTION: Swift placement of a new Workers’ Compensation policy eliminated the immediate threat of fines. We committed to take over the entire program at the same or better price then leveraged a strong carrier partner relationship to honor that commitment.
THE OUTCOME: We delivered a comprehensive insurance solution with more coverage for the same price, consolidated their program, and relieved the client of non-compliance.
