Insurance for 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.
Target Risks: (Not limited to those below)
- Risks with up to 1,000 acres
- Land leased for the following purposes:
- Animal Grazing
- Athletic Fields
- Auto Sales Lots (new or used)
- Bulding(s) on the premises (building owned by lessee)
- Crop Farming
- Equipment Storage or Vehicle Parking
- Hunting
- And more!
Ineligible for Online Quoting:
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
Coverages Available for Land Leased to Others
- General liability 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.