Lessors Risks Only (LRO) Now in QuoteExpress!

What is LRO? - Lessor's Risk Only (LRO) provides liability and property coverage for building owners who lease out their entire building or occupy less than 75% of the building and lease out the remainder.  Think of it as landlord's insurance.  Building coverage is required.  Business Personal Property is optional.  We offer on-line rating in Alabama, Arkansas, Colorado, Iowa, Indiana, Illinois, Kansas, Kentucky, Mississippi, Missouri, Nebraska, New Mexico, Oklahoma, Tennessee, and Texas.

Guidelines to remember:

• Building may not be more than 25% vacant.  
• Lessor's Risk - Office Building - Office building Lessor's Risk must have 75% or more of the building occupied by tenants who have property exposures limited to those of a typical office exposure.  Maximum allowable square footage of an office building is 100,000 and maximum number of stories is 6.
• Lessor's Risk - All Other Buildings - Other lessor's risk personal property exposures for all tenants must be usual to the retail and wholesale eligible classes of business.  Maximum allowable square footage of the building is 30,000 and maximum number of stories is 6.
• Shopping Centers - Strip Type - Now you can get an instant quote for your Shopping and Strip Centers.  These two classes are an LRO specialty.  Even Shopping and Strip Centers with Restaurants (no more than 25%) are acceptable.

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