Real Estate Environmental Liability

Often real estate transactions fail or are complicated because the property is impacted by actual or suspected pollution due to its past or current use or its location. Real Estate Environmental Liability can be an effective risk management tool in facilitating real estate transactions by transferring specified pollution liability to an A rated insurer. 

The Real Estate Environmental Liability (REEL) policy addresses the unique needs of the real estate investor in transaction and portfolio management. This policy can be used as a tool to expedite real estate financing or mergers and acquisitions.

Protection for historical contamination, regulatory reopeners of remediated conditions, as well as new pollution events, is included. Coverage is provided for first-party on-site cleanup costs, third-party bodily injury and property damage, including defense costs.