In the real estate business, it is absolutely necessary for agents to have a car to take care of marketing activities – searching for new properties, meeting clients and visiting properties with interested home buyers and renters.

Commercial Auto Insurance is critical to protect your business, employees and real estate agents acting as independent contractors. Risks and potential liabilities increase because of the time spent in vehicles and driving around the city.

While your company may have business-owned cars, it is quite common for real estate agents and employees to drive their own personal vehicles while performing work for your real estate brokerage.

Non-Standard Large National Coastal Real Estate Commercial Auto Insurance covers property damage and bodily injury claims that may result from an accident involving a vehicle used for business.

It can also cover losses resulting from collision, theft, vandalism and property damage from named perils.

This type of policy is especially important for large real estate brokerages operating in coastal regions, where high vehicle usage and congested metro areas can increase accident risks. A common risk scenario could involve an agent rear-ending another vehicle during a client showing, leading to both property and liability exposures.

In addition to physical damage coverage, these policies are designed to address commercial auto exposure — including liability from employee or contractor use of personal vehicles.

Non-owned Auto Coverage covers your liability when personal vehicles – whether owned or rented – are used for business purposes. This is a key risk management consideration for brokerages that rely on independent agents using their own transportation.

Real estate firms, property managers, and leasing agencies often seek this coverage to protect against transportation-related claims that could disrupt operations or lead to expensive legal actions. Policies may also include coverage for medical payments and uninsured motorists, depending on underwriting factors.

For brokers operating near coastal regions, additional climate-related hazards such as flooding or storm damage may also be considered when evaluating vehicle risks. Requirements and eligibility will vary by state and carrier.

To protect your business and stay compliant, request a customized quote today to learn more about how this coverage can be tailored to your real estate operations. Get a quote.