Real estate operations face a daunting array of unique, large-scale exposures, from flood, earthquake, and wind, to terrorism and professional liability risks. Lexington is a market leader with more than 40 years of experience and commitment to the Real Estate industry in delivering extensive expertise, substantial capacity, and flexible underwriting to the most complex real estate risks.
As part of the AIG Real Estate Industry Practice Group, Lexington can provide the breadth of coverages required by real estate entities, including professional liability and commercial umbrella liability as well as coverage against losses arising from property damage from a chemical or biological terrorist attack. Desired classes of business include:
- REITs and Asset Managers
- Property Managers
- Hotels, Motels, and Casinos
- Residential and Non-Residential Property Owners and Operators
- Land Developers and Sub-dividers
- Office Buildings and Industrial Parks
Lexington’s policies are supported by an extensive claims network and in-house claims expertise that provides prompt and responsive claims service. Specialized risk management resources include GLP RiskTool System®
- AIG's complimentary loss control and risk management solution that provides insureds with an easy-to-use customizable platform to identify, analyze, and manage their operational exposures.
Lexington insureds also benefit from our deep industry experience and innovative products. For example, Lexington’s Low Income Housing Tax Credit (LIHTC) Insurance Program
focuses on important areas of vulnerability for owners, developers, and investors in low income housing and provides them with the ability to address both first party and professional liability exposures arising from changes in tax credit eligibility.