COPE and What It Means for Commercial Property Insurance Underwriting

COPE and What It Means for Commercial Property Insurance UnderwritingThe underwriting process for commercial property insurance can naturally be quite complex. If you’re a building owner seeking commercial real estate insurance for the first time or if it has been awhile since you’ve had to purchase insurance, you might find yourself somewhat surprised at the massive amount of data that goes into underwriting an insurance policy.

Much of the necessary property underwriting information that goes into preparing a policy is known as COPE data. This stands for Construction, Occupancy, Protection, and Exposure. When you complete a commercial real estate insurance application, you will typically be required to submit most of this information.

Let’s take a look at each element of COPE. Read more

Why It Pays for Mortgage Brokers to Understand the Ins & Outs of Commercial Insurance

All real estate transactions can be complex, but commercial real estate deals can often be fraught with even more requirements and contingencies, all of which have the potential to stall the entire process. Beyond the financing itself, one element that most often threatens to kill commercial real estate deals before they close involves commercial insurance. Unfortunately, when an insurance problem arises due to lack of compliance, the delays can become tedious and lengthy. This most often occurs because the mortgage broker in question is not completely familiar with the requirements as they relate to commercial insurance. Read more


Wouldn’t it be great if insurance inspections wouldn’t result in costly recommendations with a lot of work and tight deadlines?

What if you can eliminate the inspection all together?

Evergreen has launched a Master Investors Policy (MIP) program and made it available to the average real estate investor. With this program you will benefit some great features, like:

  • No physical property inspections!! (This means no costly recommendations ever!)
  • Add and remove locations instantly online, same day.
  • You will only be billed for the amount of days you hold on to a property.
  • No early cancellation penalties.
  • The MIP program allows all types of occupancies on the same policy. Vacant, Renovations, Fully Occupied, Commercial (even bars), Residential, Mixed Use, etc.
  • No surcharge for renovations!


If you own, rehab or flip multiple buildings a year and want peace of mind, then this MIP program is for you!

For more information on the MIP program or for a free quote call us today at:

or email us at
one of our licensed agents will get back to you within 4 hours!

Is Your Property Insured Against Terrorism?

Is Your Property Insured Against TerrorismIt’s a subject that no one wants to think of, and yet, if you own a commercial property, you ought to think about whether it’s insured against acts of terrorism. The 9/11 terrorist attacks resulted in almost 3,000 deaths and approximately $44 billion in insured losses in today’s dollars. While we all pray that such an attack will never again take place, commercial property owners must make certain that they are adequately protected in the event that the unthinkable should occur.


Terrorism Risk Insurance Act and What It Means for You Read more

Moving Parts That Can Hold Up a Real Estate Closing

10 minutes in to this interview Michael asks the million dollar question. Mortgage brokers are always trying to close their deals FAST. But there are all these 3rd party components that need to fall into place, that are out of their hands.

Title, environmental, financials, property Insurance, etc.

While Evergreen can’t help with all the above, when it come’s to property insurance, you can rest assure that when working with Evergreen, your closing will not be held up due to insurance.

Evergreen works closely with mortgage brokers and lending institutions, to assure all bank requirements are met. We also negotiate directly with the banks on certain coverage’s.

If you are refinancing or buying a new building, contact Evergreen today.

Could Drones Help to Expedite Your Claims Process in the Future?

Could Drones Help to Expedite Your Claims Process in the Future?

If you’ve ever had to file an insurance claim, you should be fairly familiar with the process. An insurance adjuster will come to visit and assess the damage. In just a few years, however, it could be possible that an adjuster may not even need to pay a visit to your property. Instead, a drone could simply – and swiftly – be deployed to evaluate the damage. Furthermore, that drone could be flying over your property within just a few hours of the incident occurring. Read more

How Much Commercial Building Insurance Coverage Do You Need?

How Much Commercial Building Insurance Coverage Do You NeedAlong with determining the different types of insurance that you need in order to protect your business and property, it is also important to accurately assess the amount of insurance coverage that you need. Figuring out how much insurance coverage that you need for your commercial property can be a bit of a balancing act.

On one hand, you certainly want to ensure that you have enough coverage. At the same time, it’s important to understand that too much coverage can also be problematic. Overspending on insurance coverage can add up quickly and detract from funds that could be spent elsewhere on your business. Read more

5 Steps Property Owners Can Take to Keep Tenants Safe This Winter

5 Steps Property Owners Can Take to Keep Tenants Safe This WinterAs a property owner, you have the responsibility of ensuring that your properties are well maintained, efficient, and comfortable. These responsibilities become even more vital during the winter months, when hazards increase significantly. The below steps can help you keep your tenants safe while reducing your liability in the process.

1. Maintain Carbon Monoxide Detectors

Carbon monoxide detectors are vital for any property. Not only are such detectors required by law in most states, but they also simply make sense, particularly during the winter, when heating devices are in use. Replacing the batteries in carbon monoxide detectors is vital, but it’s also important to make sure that your detectors are well maintained. Over time, age and dust may result in failures that can cause false positives. Unfortunately, this often leads tenants to ignore true danger. Check the carbon monoxide detectors in your property and ensure that they’re in good condition. Read more

10 Ways You Can Protect Your Vacant Building

Vacant Building InsuranceWhether your building is vacant due to a sluggish economy or for some other reason, it’s important to ensure that it’s kept as safe as possible. Vacant commercial buildings can create a number of risk-related challenges. Regardless of whether your property is vacant for only a few days or a few months, the risks related to a vacant building can result in the potential for expensive losses and liability. By following the steps listed below, you can identify potential hazards and learn to reduce those risks while controlling losses. Read more

3 Things You Won’t Generally Find in a Building/Landlord Insurance Policy

Tenant DiscriminationWhen you choose an insurance policy for your commercial property, a number of factors need to be taken into consideration. Among the most important factors to consider is – of course – what is covered by the insurance policy. Along with the basics, there are three specific areas that your policy should address, but which most insurance policies unfortunately do not. Those areas are lead paint liability, tenant discrimination, and crime coverage.

Lead Paint Liability

In the worst-case scenario, a building owner recently lost his 35-unit multifamily apartment building in the Bronx. How did this happen? One of his tenants filed a lead contamination lawsuit against him. Any building constructed prior to 1978 has been exposed to lead poisoning contained within the paint. The Environmental Protection Agency (EPA) recently tightened the allowable amount of lead that can be contained within children’s bloodstreams. This has resulted in a significant increase in the number of lawsuits brought against landlords for lead poisoning. To make matters even worse, there are only a handful of insurance companies that will actually cover lead liability. This makes it even more important to ensure that your policy includes lead liability insurance coverage. Evergreen Insurance offers policies which include lead liability insurance. Read more

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Evergreen Insurance & Risk Management
25 Robert Pitt Drive #200-F
Monsey, NY 10952