Property Management Tip: Bundled Insurance

By: Amy Melchior, Executive Vice President Property Management

For property owners with one building or a small portfolio, the cost of property insurance has skyrocketed – like most personal auto, home, and liability insurance. One way to reduce those costs is to hire a property management firm that can offer bundled commercial insurance for your properties across a larger managed portfolio.

Forte offers pooled property and liability insurance coverage for our clients with an A++ AM Best rating insurer.  Clients have been able to procure better coverage and savings of up to 20% from what they could buy on the open market.

The benefits of this bundled program include:

• Forte does not benefit from this program, but our clients do!  Saving money is of course the top reason.
• Access to more favorable deductibles and other coverages.
• Ease of filing claims. When your building is part of Forte’s program, you belong to a bigger buying pool and receive more support in settling claims.
• Peace of mind that you’re getting the best coverage with an AM Best highly rated company.

Learn more by reaching out to me: Amy Melchior amy.melchior@forterep.com or 952-525-3338