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Insurance for the real estate sector
A property portfolio concentrates a great deal of value in a few assets. A loss at one building affects the asset, the rental income and often the financing.
Activities we advise on
Oller Brokers has been an insurance broker since 1952. It advises real estate companies on the design, placement and review of their insurance programmes, with access to more than 70 insurers.
We advise portfolio owners and managers on the design of programmes that bring all their assets together on consistent terms. We review the entire programme or the policy for a specific building.
- Property holding companies, REITs and fundsOffices, retail units, logistics warehouses, residential lettings, mixed portfolios, etc.
- DevelopersResidential, commercial and industrial development, from land to handover.
- Asset managementAsset managers, property managers, estate administrators, etc.
Risks and cover
Choose a risk to see which insurance covers it in the programme of a company in the sector.
Risk
Damage to buildings
Fire, water, weather events and structural damage.
How it is covered
Risk
Loss of rent
Rent that goes uncollected while the property is being repaired.
How it is covered
Risk
Liability as owner
Injury or damage to tenants, visitors or third parties due to the condition of the building.
How it is covered
Risk
Development and handover
Damage during construction and ten-year liability after handover.
How it is covered
Risk
Management and board
Claims against managers, directors and officers for their decisions.
How it is covered
Insurance they typically need
Every company is different. These are the policies that carry most weight in the programme of a company in the sector.
- All risks property damage for portfoliosEvery property in the portfolio under a single policy.
- Loss of rentRent that goes uncollected while the property is being repaired.
- Property owners' liabilityInjury or damage to tenants, visitors or third parties due to the condition of the property.
- Contractors' all risksDamage to the works during construction.
- Decennial insuranceStructural damage during the ten years following acceptance of the works.
- D&OClaims against directors and officers for their management decisions.
- Professional indemnityClaims for errors or omissions in the services provided.
- Surety insuranceGuarantees to public authorities and clients, instead of a bank guarantee.
Two ways to get started
Full programme review
We analyse all your policies together: duplicated cover, gaps, sums insured, deductibles and exclusions. We then present alternatives from different insurers.
Review of a specific policy
A renewal with a premium increase, a contract requiring new cover or a poorly resolved claim. We examine that policy and look for better terms.
Large risk programmes
A medium-sized or large company does not need a stand-alone policy, but someone to design, place and defend a complete programme. That is what we have been doing since 1952. See more
- Risk analysisWe study the business's activities, facilities, contracts and claims history. Working with specialist firms, we also offer a risk management service.
- Properly valued sums insuredWe review insured values and business interruption so that a claim payment is not reduced due to underinsurance.
- Access to the whole marketMore than 70 Spanish and international insurers, underwriting agencies and Lloyd's through coverholders.
- Co-insurance and excess layersWhen a risk exceeds one insurer's capacity, we spread it through co-insurance and structure it in as many excess layers as needed.
- International programmesFor groups with subsidiaries outside Spain, we coordinate international programmes that comply with each country's regulations.
- In-house claims teamSupports the business from notification through to settlement and defends its position with the insurer.
Frequently asked questions
Can I insure the whole portfolio under a single policy?
Yes. A portfolio policy aligns cover, deductibles and renewal dates, and makes administration and negotiation with the market easier.
What happens to rental income if the building becomes uninhabitable?
Loss of rent cover pays the rent not received during repairs, up to the agreed limit and period.
What do banks require in property financing?
They normally require the asset to be insured for its reinstatement value and to be named as beneficiaries. We check that the policy complies with the loan agreement.
Other sectors
Can't see your sector? We work with businesses in every field.
Let's talk about your business
We review your insurance programme, or the policy you're concerned about, with no obligation.