Real estate
Real estate insurance protects the buildings you own, even if you don’t live in them, so you can have the same peace of mind as if you did!
In addition to insuring residential and commercial real estate owners, real estate insurance also covers condominium associations, such as residential and commercial condominiums. It’s easy—at AMR, we take care of everything!
This insurance is intended for real estate investors and owners of office buildings, buildings with six or more dwelling units, commercial buildings, industrial buildings, rooming houses and short-term rentals. This type of insurance is also intended for condominium associations.
Types of coverage and options
Multiple coverages tailored to your situation.
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Civil liability
No matter the services you offer, the products you sell or the location of your business, we can cover your civil liability. Civil liability protection follows you step by step and protects you in the event of accidental damage to other people or their property. This coverage is your proof of solvency! This insurance will also protect you if an accident occurs on your company’s premises or if damages are caused to the property of others.
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Building and contents
In the event of damage caused by fire, theft, vandalism or any other risk, your building will be covered. This protection can also include your company offices, their contents and your computer equipment. It is important to be aware of the exclusions mentioned in the contract.
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Operating loss
Operating loss insurance covers a decrease in revenue if you have to interrupt your operations or relocate due to an incident, such as a fire. This protection can also include additional costs that may be significant during an incident. This protection allows you to keep your earnings in place until your income returns to normal. Coverage is for 12 months, but it is possible to obtain 18 or 24 months of coverage. It is important to verify the number of months needed and the time frame for replacing your equipment.
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Directors and officers liability insurance
Did you know that since the new Law 141 came into effect, directors and officers insurance is mandatory for unions? Whether you are a condominium association or a company with various shareholders, AMR has the right insurance product for your needs. Directors and officers insurance protects your assets and those of your company, union, or organization.
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Cybersecurity
Cybersecurity protection protects you from the consequences of theft, hacking, or data loss. This protection may cover information theft, such as payroll fraud or attempted fraud. Cybersecurity protection is now important in all lines of business.
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Commercial vehicle
Commercial vehicle insurance is determined by how you use your vehicle(s). Our protections are suitable for all types of commercial vehicles, ranging from a fleet of trucks or cars to a single vehicle used for your company or for your personal use.
Think about it!
Our independent brokers are insurance experts. But that’s not all!
Our team of independent insurance brokers doesn’t copy and paste coverage from one industry to another. AMR has experts for each line of business that we insure and is committed to providing coverage tailored to your activities.
It is important to confirm the value of your buildings. The cost of materials has ballooned in recent years. Therefore, it is essential to have your buildings evaluated or to value them higher. It is also important to consider the proportional rule because this clause will require you to insure your assets and buildings for a minimum of 80%, 90% or even up to 100% of their replacement cost.
As a landlord, you know that maintaining your buildings is proof of good financial health. As the real estate sector is on the rise, fewer and fewer insurers are able to cover real estate portfolios. Therefore, it is important to be thorough and know the dates of all renovation or maintenance work that has been done on your buildings.
Some important questions to ask yourself: Do you provide furniture for your tenants? Do you have offices for your management teams? Do you rent furnished premises? Your answers will influence the type of coverage you will need to insure your contents.
Coverage for actual loss sustained or loss of rental income is essential for landlords. . In the event of a claim, this protection covers the loss of rental income during the rebuilding and until the rental income returns.
Do not underestimate the value of your liability insurance. It is important to check how far your buildings are from neighbouring ones. If a fire were to break out in your building, you may be liable if it spreads to neighbouring ones. Don’t underestimate your insurance amount! The AMR team is here to advise you anytime.
Errors and omissions liability insurance (also known as professional liability) is very important if you are a property manager who manages many buildings. This protection covers you for mistakes made in the course of your work as a property manager.
Other option
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New value/replacement value
This coverage allows you to replace your property that has been damaged without deduction for depreciation. The premium will be determined based on the new value. It is important to be aware of the exclusions mentioned in the contract.
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Earthquake
With this coverage, you will be protected in the event of an earthquake that damages your commercial building and its contents. This protection is becoming increasingly valuable in the face of climate change.
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Water damage
With this coverage, you will be protected in the event of water damage to your commercial building and its contents. It is important to be aware of the exclusions mentioned in the contract.
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Flood
With this coverage, you will be protected in the event of water flooding that damages your commercial building and its contents. It is important to be aware of the exclusions mentioned in the contract.
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Sewer backup
The name says it all! This protection covers you against sewer backup in your commercial building. The contents will be protected and you will be compensated for decontamination, building repairs and content replacement. It is important to be aware of the exclusions listed in the policy and to have high enough amounts to cover this type of expense.
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Equipment breakdown
With this type of insurance, your company will be protected against losses caused by equipment breakdown (heating, air conditioning, refrigeration, production or transformation machinery, electronic or electrical devices). It is important to be aware of the exclusions mentioned in the contract.
Tips and advices
Why choose us?
When you choose AMR Assurances Multi-Risques, you’re opting for a team of insurance experts. More than just brokers, we are advisors who have your best interests at heart.
Our primary mission is to represent you with various insurers and to offer you a product that meets your needs. And because life moves fast, we negotiate to get you the best insurance contract at the best quality-price ratio to guarantee you peace of mind.
Don’t wait any longer!
We’re passionate about insurance
We compare the best protections
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