Land Leased to Others

This product is specifically designed for land that is not vacant, but leased to others for use. This product targets applicants seeking to cover a lessor’s risk exposure for their land.

Ineligible Land Leased to Others

Please note we cannot offer coverage to the following:

  • Construction activities scheduled to occur during our policy term

  • Logging operations being undertaken during the policy term

  • Exposure to landfills, quarries, underground mines, strip mines, caves, wells or dams

  • Land leased for mineral rights

  • Land used for snowmobiling, motorized vehicles, bikes or for growing medical marijuana

  • Located in AK, LA or WV

Available Coverage for Land Leased to Others

  • No liability deductible

  • Low minimum premiums (starting at $400)

  • Expanded definition of bodily injury to include mental anguish and emotional distress

  • Credits available for:

    • Applicant being named as an additional insured on tenant(s) general liability policy

    • Applicant’s lease requires tenant(s) to maintain and/or repair the premises

Coverage Limits Available for Land Leased to Others

  • General liability limits up to $1,000,000/$2,000,000

  • Excess general liability limits up to $5,000,000

  

 

Claim Example for Land Leased to Others

Parking Lot: A customer tripped and fell on uneven concrete while retrieving her car. She sustained a fractured wrist and incurred over $5,000 in medical expenses. She filed suit against the landowner for failure to maintain their property. The lawsuit was settled for $25,000 including defense costs.

Building on the Premises: Insured is a landowner and has a long term lease with a building owner where a tenant is a nightclub. A patron of the nightclub is severely injured and files a lawsuit against the landowner, building owner and the nightclub for negligent security. The jury awarded the patron $100,000 on behalf of the landowner. The verdict was paid in addition to the cost to defend.

Storage Lot: Insured owns a storage lot and had permitted debris to excessively accumulate over a period of time. The debris was unsecured throughout the property. A storm caused debris to blow onto an adjacent property causing damage to their building. The adjacent property owner brought a claim for $20,000 for property damage. The claim was settled for $5,000 which represents the landowner’s share of negligence.

Hunting: Insured is a landowner and leased land to a hunting association that failed to remove some traps from the land. A game warden sustained severe foot injury when he stepped into a trap. Medical expenses exceeded $15,000. He presented a claim against the insured for his medical expenses, lost wages and partial disability to his foot. The claim was settled for $150,000.

You must be an appointed USASIA Insurance Services retailer to use these programs. Quotes obtained via these programs will only be bound IF you are a previously appointed retailer with USASIA. PRIOR TO BINDING, check with your branch to determine any and all applicable taxes and fees. If you need additional pricing considerations on any web quote received via these programs or if your submission is declined, please call your USASIA representative.

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