Peace of Mind for Your Alberta Properties:
Property Insurance for Real Estate Professionals and Property Managers

The value of your commercial property insurance is based on several factors, including:

• Property value and type (residential, commercial, industrial): Higher valued properties and those with higher risk profiles (e.g., industrial facilities) will cost more to insure.
• Building materials and construction: Properties with fire-resistant materials or advanced security systems may receive discounts.
• Location and crime rates: Properties in high-crime areas or those prone to natural disasters will typically have higher premiums.
• Your claims history: A history of past claims can increase your rates.

Tip: Implementing risk mitigation strategies can lower your insurance costs.

• Increase your deductible: Choosing a higher deductible can lower your premium, but remember you’ll be responsible for a larger out-of-pocket expense in the event of a claim.
• Implement loss prevention measures: Install security systems, fire alarms, and conduct regular maintenance to minimize potential risks.
• Maintain good housekeeping: Ensure your property is well-maintained and free of hazards that could lead to accidents.

Vacant properties pose a higher risk of vandalism or theft. When insuring a vacant property, you may need to:

• Notify your insurance provider of the vacancy and the duration.
• Take steps to secure the property, such as boarding up windows and doors.
• Consider vandalism and theft coverage.

At Lloyd Sadd, we have a dedicated team of claims adjusters experienced in handling commercial property damage claims in Alberta. We will:

• Work diligently with your insurer to assess your claim and determine coverage.
• Keep you informed throughout the claims process.
• Advocate for a fast and fair settlement.

Yes, Lloyd Sadd can provide insurance for mixed-use properties in Alberta. Our advisors will work with you to understand the unique risks associated with your property and develop a customized insurance plan that meets your specific needs.

Lloyd Sadd offers a variety of insurance solutions to protect your real estate development project throughout the construction process, including:

• Builder’s Risk Insurance: Covers property damage and loss of materials during construction.
• Course of Construction Insurance: Provides coverage as your property transitions from construction to a completed building.
• Delay in Occupancy Insurance: Protects you from financial losses if unforeseen circumstances prevent tenants from occupying the building on time.

Our advisors can help you navigate the complexities of real estate development insurance and ensure your project is comprehensively protected.