Sertis' focus is on multifamily garden-style apartments with coverages including package, monoline general liability and monoline property with equipment breakdown.
PRODUCT: Property, general liability and equipment breakdown for professionally managed multifamily (apartments) portfolios.
COMPANIES: Sertis is backed by Accelerant, an AM Best A- rated insurer, and has a strategic partnership with Leonardo247, a property management solution.
BEST RATING: A-
AVAILABILITY: Appointed agents and brokers only.
FOCUS: Recently, Sertis, a managing general agency (MGA) in the multifamily insurance market, announced its expansion into 32 states across the U.S.
Sertis aims to simplify the provision of master insurance programs, especially beneficial to clients with distributed properties. The company is offering multifamily property, general liability and equipment breakdown coverage to property owners with garden-style apartment buildings and plans to expand to provide comprehensive coverage to many other types of structures.
“Our continued expansion is a significant stride in our mission to revolutionize multifamily insurance in the U.S.," says Mark Gardella, CEO of Sertis. “Our advanced technology and property management platform equips brokers and agents to overcome long-standing challenges of premium affordability and stability, ensuring top-tier coverage for professionally managed properties."
COVERAGE DETAILS: Sertis' focus is on multifamily garden-style apartments. Coverages include package, monoline general liability and monoline property with equipment breakdown. Additional coverages available include crime and wind. Flexible, industry-specific coverages, including buy-back allowance, may also be available.
UNDERWRITING: A detailed statement of values and five years of currently valued loss runs are required to quote. Sertis can accept other companies' applications, but a Sertis application is required to bind.
TARGET: The ideal client is a garden-style apartment owner or operator with a focus on preserving the value of their property and managing operating costs.
COVERAGE AVAILABILITY: Currently available in 32 states: AZ, CO, CT, DE, DC, GA, ID, IL, IN, KY, ME, MD, MI, MN, MT, NV, NJ, NM, NC, ND, OH, OR, PA, RI, SC, SD, TN, UT, VT, VA, WA, WI and WY.
CONTACT: Mark Gardella, CEO, Sertis; 775-870-0933.
Will Jones is IA editor-in-chief.
