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The McGowan Companies
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The McGowan Companies
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Real Estate Umbrella Insurance

The McGowan Companies — McGowan Program Administrators
Real Estate Umbrella Insurance

Overview of the Program From McGowan

The McGowan Companies, through McGowan Program Administrators, offers a specialized Real Estate Umbrella Insurance program built for the liability needs of commercial real estate owners, developers, and managers. Available across all 50 states and D.C., this program delivers flexible umbrella protection for single properties or large portfolios, with responsive underwriting and high limits tailored to real estate exposures.

Ideal Accounts and Appetite

This program is a strong fit for a broad range of commercial real estate classes, including:
  • Apartments
  • Hotels and motels
  • Light industrial facilities
  • Office buildings and office condominiums
  • Shopping centers and strip malls
  • Timeshares
  • Warehouses
You might use this market when a client has a growing portfolio of shopping centers, a regional hotel chain seeking higher limits, or a multi-location apartment owner needing consistent umbrella placement across states.

Coverage Highlights and Advantages

McGowan's Real Estate Umbrella Insurance provides competitive terms and practical features that address catastrophic liability exposure:
  • Limits from $1 million up to $100 million
  • Defense costs paid outside the policy limits
  • No shared limits — each insured receives a separate policy and policy number
  • No blanket exclusion for real estate managers
  • Aggregates calculated per location
  • Available follow-form coverages, including:
    • Automobile liability
    • Employers liability
    • Employee benefits liability
    • Liquor liability

Underwriting Notes

To qualify, underlying carriers must be rated B++ / VI or better. McGowan focuses on professionally managed, clean accounts and gives individualized attention to each submission. Minimum premiums and specific terms vary by account size and risk characteristics; discuss individual submissions with a market specialist to confirm appetite and pricing.

Territories and Availability

This umbrella program is available in all 50 states and Washington, D.C., making it suitable for local, regional, and national portfolios. Whether the insured operates in a single jurisdiction or across multiple states, McGowan can provide coordinated umbrella coverage.

Why Work With The McGowan Companies

As a specialist managing general underwriter, The McGowan Companies brings decades of underwriting experience in commercial real estate. Agents benefit from a focused submission process, strong market access, and pragmatic underwriting that seeks to place clean risks efficiently. The program’s breadth of limits, per-location aggregates, and follow-form options make it a reliable choice when higher-layer protection is required.
For more information on Real Estate Umbrella Insurance, please contact us!

Frequently Asked Questions

What types of accounts are a good fit for this program?

The program is suited to commercial real estate operations such as apartments, hotels, office buildings, shopping centers, warehouses, and light industrial properties.

What umbrella limits are available?

Limits range from $1 million to $100 million, depending on the size and complexity of the account.

Are defense costs included within the policy limits?

No. Defense costs are paid outside the policy limits, providing additional protection for insureds.

Is this program available nationwide?

Yes. McGowan’s Real Estate Umbrella Insurance is available in all 50 states and Washington, D.C.

Do insureds share limits with other policyholders?

No. Each insured receives their own policy and policy number—there are no shared limits.

Need help placing an account? Connect with a market specialist.

U.S. States Available

  • U.S. States Available:
  • Provider Type:
    Managing General Underwriter
  • Admitted:
    All Available States
  • Carriers:
  • Carrier Ratings:
    “A” Rated Carriers
  • Commission:
    -
  • Min Premium:
    -

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CONTACT INFORMATION

LOCATION

106 East 6th Street - Littlefield Building, Suite 520
Austin, TX 78701
512-600-2280
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AGENCY LICENSING

Become A Broker

McGowan Program Administrators operates on an "open-brokerage" format. We do not hold our retail agents to premium or account volume requirements, so whether you place 1 account or 100 accounts with us we are always grateful for your business. We do, however, require that retail agents placing business with us carry at least $1,000,000 of E&O Liability.

We look forward to working with you!
Please contact our Compliance Administrator with any questions:
Heather Hysong,  [email protected]

 

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