Real Estate

CMR specializes in providing master property & general liability insurance programs for large real estate owners and fee based property managers. Our services include:

Asset classes include:

CMR works with Affordable Housing Developers across the country for their Property & Casualty insurance needs.  This includes during construction, when a project is placed in service, or during a renovation.  We attend two to four affordable housing conferences a year to stay involved with best risk management protocols and current market trends.  A few of our highlights include:

Insurance market conditions are constantly changing, however, lender/investor insurance requirements rarely do.  As a CMR real estate client, we extend our expertise to include the following services at time of acquisition as well as insurance renewal:

A deductible buydown, also referred to as a buyback, allows you to reduce the deductible paid under your property insurance program. This stand-alone policy allows you to reduce a larger flat dollar or percentage deductible to a more economically manageable number and/or to meet financer requirements. For example, a $500,000 deductible may be bought down to $25,000 or a 5% deductible may be bought down to 2%. CMR has access to several specialty programs for properties located in various CAT exposed regions.

In addition to traditional DIC-Differences in Condition policies providing Earthquake, Flood and Excess NFIP Flood, CMR also places NFIP Flood policies and utilizes several specialty private flood programs for high hazard Zones A or V that include broader coverages than those offered through the NFIP (loss of rental income) including a unique FloodFLEX program that includes a percentage payment in addition to the covered flood damage loss payment which can be as high as 100% of the flood damage payment. This supplemental payment may be used for any purpose.
CMR also utilizes a unique “Shake and Pay” program for Earthquake that does not require property damage to trigger coverage. This is a unique program that pays based on the Peak Ground Acceleration in a covered territory after a magnitude 6.0 earthquake or greater occurs in the region. This program can be utilized to supplement high deductible traditional earthquake coverage to reduce overall cost and improve coverage.

CMR also utilizes a unique “Shake and Pay” program for Earthquake that does not require property damage to trigger coverage. This is a unique program that pays based on the Peak Ground Acceleration in a covered territory after a magnitude 6.0 earthquake or greater occurs in the region. This program can be utilized to supplement high deductible traditional earthquake coverage to reduce overall cost and improve coverage.

Group captive program with separated cells. A captive program minimizes or eliminates an insurance companies acquisition costs, marketing expenses, high commissions, administration and overhead. As a member of a captive, safety pays. You are rewarded for effective risk management by receiving dividends that are directly related to loss performance, while investment income accumulates to your benefit. CMR’s program allows for proven pricing practices that offer an unbiased formula to calculate premiums based on a member’s actual loss history rather than aggregated averages and trends in the insurance market. Risk management services that better control risk and help prevent losses with a formalized risk assessment methodology. In-house safety professionals to help coordinate all risk control services.