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Program Details -

Residential Real Estate Program


Residential Real Estate Insurance - Now Expanded to New Territories!

The real estate industry is one of Program Brokerage Corporation's strongest specialties. Our experience in real estate insurance is reflected in programs that respond to the particular, and sometimes differing, exposures in various geographical regions. 

We were the first to offer Purchasing Group Programs for residential co-ops, condominiums and rental buildings. PBC currently arranges coverage for over 3,000 residential buildings with more than 200,000 units. We also place coverage for over 1000 commercial office buildings and shopping centers with in excess of 200 million square feet of space.

We offer a broad scope of coverage with strong markets, and we've experienced little historical turnover among our carriers.

Coverages Offered:

  • All-Risk Property Insurance
  • Commercial General Liability
  • Lead Paint & Mold Liability
  • Umbrella Liability
  • Directors & Officers Liability

(Co-op/ Condo Buildings)

  • Terrorism
  • Environmental Insurance (first and third party) including above and below ground storage tanks

Territory: Now Expanded to New Territories!

MA, MD, and DC  
NY,NJ, CT, and PA (Coverage available in all other states on a stand-alone, non-program basis)

Target Business:

  • Rental Buildings, Co-op/ Condo Buildings
  • Buildingsfrom 1 to 30 stories
  • Single building or multi-location portfolio
  • Habitational with incidental mercantile exposure

Minimum Premium:

  • $5,000

Not Eligible:

  • Buildings less than 80% occupied
  • Buildings in the course of gut-renovation
  • Buildings that are not in compliance with city code
  • Buildings with lead paint claims and/or unabated lead paint violations

Some Important Highlights:

  • Programs offered in New York and New Jersey; coverage available in all other states on a stand-alone, non-program basis.
  • Because our carriers grant us binding authority on behalf of Program participants, our producers get fast turnaround.
  • We can cover a single building or a multi-location national property portfolio.
  • Every entity has its own aggregate CGL limit-coverage not diminished by losses from other Program Insureds.
  • Umbrella Liability available for $5 million, $10 million, $15 million, $20 million, $25 million, $50 million, $75 million, and $100 million
  • High property coverage limits, all risk, no co-insurance national property portfolio.

For more information, please contact:

Gary Shapiro
Phone: 516-496-1346

Tom Henderson
Phone: 212-338-2946
Email: thenderson@programbrokerage

Locations Served : Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington,D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming