Prospect General Launches Real Estate Investor Program
LA JOLLA, California, September 27, 2016
Prospect General, a La Jolla, CA based Program Administrator, is pleased to announce the launch of its Real Estate Investor insurance program. The coverage will focus on investors who own primarily 1-4 unit residential dwellings but it will allow small habitational and light commercial properties as well. Prospect is partnering with Lloyd’s of London for the product.
The product was designed with flexibility in mind so as to meet the individual needs of each investor. It will cover both the property and liability for a portfolio on a single policy that allows for the addition and deletion of properties throughout the term. Properties will be covered to the stated value (inclusive of loss of rents and appliances/business personal property if requested) and the liability limits will include $1,000,000 per occurrence with a $2,000,000 general aggregate per property.
“The Prospect General Insurance Agency real estate investor program was fashioned to aid both the insured and our production partners. With multiple deductible, payment, and coverage options we are confident we can build a package that fits the requests of each investor. For our production partners we will handle all the accounting and portfolio management activity allowing them to focus on building their books of business,” offered Graham Doran, Executive Vice President.
About Prospect General Insurance Agency
Prospect General Insurance Agency is a Program Administrator formed to be an advocate for both producers and insureds. Prospect seeks to provide modern-day solutions for traditional and emerging risks by working hand in hand with its partners to create highly desirable insurance products. The company is based in La Jolla, California, operates nationally and is a wholly owned subsidiary of Palomar Insurance Holdings.