A deeper look at our segments: Realty

We’re looking to insure property owners who take pride in smart, proactive management. Well-kept residential and commercial buildings that have consistent occupancy, and solid maintenance routines. Bonus points for modern infrastructure and a clear plan to keep operations running smoothly.
Appetite at a glance:





Preferred occupancies


Office buildings
Retail or mercantile occupancy
Low hazard industrial occupancy




Favourable attributes


Low rise (under 10 storeys)
Long term leases requiring tenants to carry insurance
Newer construction or fully updated properties
Snow removal contract with a third-party contractor
Documented maintenance program
Contractors provide Certificates of Insurance (COI) for all completed work





 
General underwriting considerations


Gore’s Extended Bundles offer added peace of mind with key coverages tailored for realty businesses:

Master key coverage – Covers the cost to replace or reprogram locks if a master key (controlling all doors at listed locations) is lost or damaged due to an insured event.
Functional pro-environment upgrade – Allows replacement of damaged property with a more energy-efficient or environmentally friendly version, up to the policy limit.
Roadways, walkways & parking lots – Extends protection to exterior paved surfaces, retaining walls, and permanent landscaping structures.

Subject to terms and conditions of the policy.
Client-specific exposures:
Additional considerations for accurate building valuation:

Parking features: Underground garages or heated driveways can significantly impact rebuild costs.
By-law upgrades: Post-loss updates may be required to meet current city codes, affecting rebuild costs.
Debris removal: Clearing fallen trees, rubble, or hazardous materials can be expensive and should be factored in.

These exposures are key in ensuring your client is properly covered.
Business interruption – Gross rentals
A valuable coverage that continues until the building is re-tenanted, subject to the terms and conditions of the policy.
Submission quality – Help us, help you!
To support accurate underwriting and tailored coverage, please include the following when submitting a risk:

Years of building ownership 
Year built, construction details (including roof structure and covering), occupancy, mechanical updates etc.
Maintenance plan including snow removal protocols

These details help us deliver faster, more accurate quotes and better protection for your clients!
Real-world example: why we wrote this account



Client profile: Building Owner – Single Occupancy – Mercantile – Repair Garage
Established: 2020
Gross rentals: $200,000 
Location Insured Value: $7.2M
Risk highlights:

Claims-free history
Continuous coverage
Lease agreement in place with no short-term rentals
Building details:

Newer construction building, built in 2010
Masonry non-combustible
Protected


Snow removal contract in place
Management plan monitored by a property manager