Buildings come in all sizes, and in different architectural styles. So does coverage when you get it from SAX. Insurance needs to fit like a glove or a well-tailored dress suit. At SAX, we can make the promise of a good fit every time because our independence allows us to draw upon multiple carriers to address your needs for High-Rise, Mid-Rise and Mixed Use Buildings.
Policy Coverages for High-Rise / Mid-Rise / Mixed Features:
At SAX Insurance Agency, we understand that high-rise, mid-rise, and mixed-use properties are as diverse as the communities they serve. From towering urban skyscrapers to mid-rise complexes and mixed-use developments blending residential, commercial, and retail spaces, each property requires insurance tailored to its unique risks and needs. Our independence allows us to partner with multiple A-rated, California-admitted carriers to deliver coverage that fits like a glove; or a well-tailored suit. Explore our comprehensive insurance solutions designed to protect your property, leadership, and operations with precision and reliability.
Protecting your high-rise, mid-rise, or mixed-use property from unexpected damage is critical. Our Guaranteed Replacement Cost coverage ensures that your building—whether it’s a residential tower, commercial space, or mixed-use complex—is repaired or rebuilt to its original condition, regardless of rising construction costs or inflation. This feature provides peace of mind, knowing your investment is safeguarded against unforeseen losses.
High-rise and mid-rise buildings rely on complex mechanical systems like HVAC, elevators, and boilers. Our Boiler and Machinery coverage protects against the financial impact of equipment breakdowns, covering repair or replacement costs for critical systems. This ensures your property remains operational and minimizes disruptions for residents, tenants, or businesses.
For properties offering valet parking services, our specialized Valet Service coverage protects against liabilities arising from vehicle damage, theft, or accidents during valet operations. This coverage is tailored to the unique risks of high-rise and mixed-use properties that provide premium amenities to residents or guests.
Water damage from sprinkler system malfunctions can be costly, especially in multi-story or mixed-use buildings. Our Sprinkler Leakage coverage addresses repair costs for property damage caused by accidental leaks, ensuring your building’s interiors, common areas, and tenant spaces are protected.
Our Comprehensive General Liability coverage shields your property from third-party claims related to bodily injury, property damage, or personal injury in common areas. Whether it’s a slip-and-fall in a lobby, damage in a shared amenity space, or incidents in retail or commercial areas of a mixed-use property, this coverage protects your financial stability and reputation.
Many high-rise and mixed-use properties rely on vehicles for maintenance, shuttles, or other operational needs. Our Auto Liability coverage includes:
Owned autos: Vehicles owned by the property or association, such as maintenance trucks or shuttles.
Hired autos: Vehicles rented or leased for property use.
Non-owned autos: Personal vehicles used for business purposes by employees or volunteers. This coverage ensures protection against auto-related incidents, reducing financial exposure for your property.
For properties managed by associations, unexpected events like natural disasters or major repairs can disrupt revenue streams, such as association fees. Our Association Fees and Extra Expense coverage helps cover lost income and additional costs incurred during recovery, ensuring financial stability during challenging times.
The leadership of high-rise, mid-rise, or mixed-use properties—board members, committee members, volunteers, and employees—faces unique risks in managing complex developments. Our Directors and Officers Liability coverage protects against claims of mismanagement, breach of fiduciary duty, or other wrongful acts. Key features include:
Choice of Counsel: Select legal representation that aligns with your needs for a trusted defense.
Broad Coverage Scope: Extends to the association entity, board members, committee members, volunteers, employees, and property management companies.
Defense Costs: Covers legal expenses, even for unfounded claims, protecting leadership from financial strain.
For added protection, our High Limit Umbrella Liability policies provide an extra layer of coverage beyond your primary policies. These policies activate when claims exceed the limits of your General Liability, Auto Liability, or other coverages, offering robust protection against catastrophic losses. With flexible limits tailored to your property’s needs, our umbrella policies ensure comprehensive security.
We partner exclusively with A-rated, California-admitted insurance carriers, ensuring compliance with state regulations and reliable claims handling. These financially stable carriers provide peace of mind, knowing your coverage is backed by trusted industry leaders.
Property management companies are integral to the operation of high-rise, mid-rise, and mixed-use properties. Our policies allow these companies to be named as additional insured, ensuring they are covered under the same comprehensive protection as the property or association. This unified approach streamlines risk management.
Every property is unique, and SAX Insurance Agency offers a wide range of customizable coverage options to meet your specific needs. These may include:
Fidelity/Crime Coverage: Protection against theft, fraud, or embezzlement by employees, volunteers, or board members handling funds.
Flood and Earthquake Insurance: Tailored coverage for natural disasters, based on your property’s location and risk profile.
Cyber Liability: Protection against data breaches or cyberattacks affecting property records or operations.
Business Interruption: Coverage for lost income and extra expenses during disruptions to commercial or retail spaces in mixed-use properties.
Workers’ Compensation: Protection for employees injured while performing property-related duties. Our insurance experts collaborate with you to assess your property’s risks and recommend tailored solutions for comprehensive protection.
High-rise, mid-rise, and mixed-use properties come in all shapes, sizes, and architectural styles. At SAX, we craft insurance solutions that fit your property’s specific needs, ensuring no detail is overlooked. Our independence allows us to draw from multiple carriers to deliver the perfect coverage package every time.
With extensive experience insuring high-rise, mid-rise, and mixed-use developments, SAX Insurance Agency understands the complexities of these properties. From managing mixed-use retail and residential risks to addressing the needs of multi-story buildings, we provide expert guidance and customized solutions.
In the event of a claim, our team is dedicated to supporting you every step of the way. We partner with A-rated carriers known for efficient and fair claims handling, ensuring your property can recover quickly and with minimal disruption.
Whether you manage a single high-rise tower, a mid-rise residential complex, or a mixed-use development with retail and office spaces, our insurance solutions are flexible and scalable. We adapt coverage to accommodate new developments, expansions, or changes in property use.
Protect your high-rise, mid-rise, or mixed-use property with the tailored, comprehensive insurance solutions from SAX Insurance Agency. Contact us today to request a personalized quote or schedule a consultation with one of our experienced insurance advisors. Let us help you safeguard your property, leadership, and community.
Disclaimer: Coverage availability and terms may vary based on the specific needs of your condominium association and the policies offered by our partner carriers. Please contact us here or on social media for a detailed review of coverage options and exclusions.
