Decoding Blanket Property Insurance for Commercial and Multifamily Properties

Join experts as they explore the key aspects of blanket property insurance for commercial and multifamily portfolios, highlighting how these policies provide flexibility by covering multiple properties under a single limit. Speakers will go over the definition of a blanket policy, discuss how limits are developed, the role of probable maximum loss studies, and the impact of sub-limits, deductibles, and valuation penalties on coverage.

Attendees will learn about potential challenges, including multiple lender conflicts, unrelated insureds, and co-insurance clauses that could affect claims. Finally, participants will discuss blanket liability policies and how they can enhance overall risk management. Gain valuable insights into structuring blanket coverage effectively while ensuring compliance with lender and investor requirements.

Date/Time:

• Tuesday, June 26 (1:00 PM - 2:00 PM ET)

Objectives:

• Define blanket property insurance and explain how it provides coverage flexibility for commercial and multifamily portfolios
• Understand how limits are developed, including the role of probable maximum loss studies, sub-limits, deductibles, and valuation penalties
• Identify potential challenges such as multiple lender conflicts, unrelated insureds, and co-insurance clauses, and their impact on claims
• Explore the benefits and considerations of blanket liability policies in enhancing overall risk management

Target Audience:

• Insurance Analysts
• Credit and Risk Professionals
• Real Estate Owners and Investors
• Loan Closers and Underwriters

Experience Level:

• Entry-Level
• Intermediate

Speaker(s):

• Liz Friedman, VP, Insurance and Risk Management, The Community Preservation Corporation
• Bill Mooney, Managing Director, Resilience
• Laura Smith, Senior Managing Director, Resilience