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Join our Farmers Business Insurance Team Sept 11th 2010 in Seattle, for the “Memory Walk” to benefit Alzheimer research. Contact our office for more information.

Landlords (1–6 Units)

Single Family Homes
Duplex, Triplex, Fourplex
Foreclosures
Vacant Homes
Vacant Land

Earthquake Insurance
Due to our recent, but small earthquake in Washington, we have had many calls to obtain commercial earthquake coverage. With this influx of business we have been able to obtain a direct appointment with one of the top “A” rated carriers. We are extremely excited about this opportunity because it means we can now offer this coverage at a lesser cost.

There are many carriers no longer writing earthquake insurance. Should your area have a mid to large size earthquake, it is very likely that building owners will not be able to procure this coverage or the pricing will increase substantially. There are areas in Seattle now that are currently blocked from obtaining coverage.

If you are interested in adding this coverage to this your commercial real estate portfolio, please call our office at your earliest convenience. We are licensed and can write for this carrier in WA, OR, CO and UT.

Madison Avenue Insurance Group is very experienced in landlord and investment property insurance. We have a master policy insurance program in place for investors and landlords with 3 or more investment properties. It is cost effective, easy to use and offers a wealth of insurance coverage. All properties are covered on one master commercial insurance policy. This provides landlords more coverage for less cost and simplifies the paperwork. Clients can add and remove properties with ease.

Email or fax us a list of your property addresses and we will prepare a master commercial insurance policy quote for you.

Up to 26 Property Coverage's

Liability Limits $500k to $2MM/$4MM
Umbrella Limits $1MM to $20MM
30 days of Temporary Coverage for New Purchases (up to $250,000)
One policy
One agent
One bill

Many investors buying homes in foreclosure or to “flip” them may not realize the loss of insurance coverages on their landlord insurance policy when a property is vacant more than 30/60 days. Should there be a claim on a vacant home, building coverage can be reduced by up to 60-70% and there may be zero coverage for things such as vandalism. We have binding authority with an “A” rated carrier specializing in vacant homes and can also offer master policy plans.

Madison Avenue Insurance Group, Inc. is currently licensed to write business insurance in Washington, Oregon, Colorado, Texas and Utah.

Washington landlords please read article below. If you need to register as a general contractor, Madison Avenue Insurance can help. We have great insurance programs for general contractor insurance and contractor bonds.

Labor & Industries: Recent Changes to the Contractor Registration Law

Articles

State Insurance Commissioners Warn on Keeping Vacant Homes Insured
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As the U.S. housing market struggles to rebound, many homeowners are stuck with hard-to-sell properties longer than expected. Some frustrated home sellers who must relocate for a new job opportunity, want to downsize or simply want to buy a new place have left homes empty. Vacant or unoccupied ...

This article can be found at: http://www.insurancejournal.com/news/national/2010/08/09/112285.htm

Loss Control and Property Managers
Key Man Life Insurance
Building Ordinance Coverage
Earthquake
Excess Insurance vs. Umbrella
Flood
HELP! My Building is on Fire