INSTITUTIONAL CLIENT SPOTLIGHT
PORTFOLIO OF OVER 7,000 MULTIFAMILY UNITS
OPERATING ACROSS 12 STATES
Franklin Street consistently wins big business in the Institutional client space due to our tailored, high-touch client services that go above and beyond our national competitors.
FLOOD INSURANCE EXPERTS
BAY WEST COMMERCE PARK
HIGH HAZARD FLOOD ZONE
Utilizing our expertise in NFIP policies, Franklin Street was able to remove Bay West Commerce Park from the High Hazard Flood Zone— a challenging feat since the property was built above a body of water. This allowed our client to obtain NFIP Flood Coverage at an affordable rate, saving this new acquisition and taking it to closing.
PORTFOLIO ADMINISTRATION Premium billings | Premium financing | Audits | Benchmarking | Certificates of Insurance | Individual invoices per location | Coordinate & facilitate carrier loss control site visits | Carrier inspection reviews & negotiation on unreasonable repair requests | Policy review & delivery | Quarterly stewardship reports | Endorsement requests
ACQUISITIONS & LENDER COMPLIANCE Insurance estimates for underwriting new acquisitions | Analyze & quantify appropriate replacement costs values | Review Lender’ s insurance requirements & identify any that are unreasonable | Marshall & Swift Valuations | Negotiate unreasonable requirements with lenders | Flood zone analysis & LOMA feasibility | Provide all insurance documentation to ensure timely compliance | Request Insurance waivers if necessary & ensure approval
CLAIMS ADVOCACY & RISK MANAGEMENT Analyze risk exposures & liabilities | Conduct on-site loss control visits | Develop comprehensive risk management plan | Summarize historical loss costs | Design benchmarking reports that monitor program successes | Conduct trainings for property management staff | Workers Compensation program oversight | Provide assistance in complying with loss control recommendations | Design best practice litigation management protocols | Develop a self-inspection & evaluation program
BROKERAGE & PLACEMENT Statement of Values Audit | Analyze & quantify appropriate replacement cost values | Loss Summary Analysis | Deductible / Retention Analysis | Conduct Catastrophe modeling reports | Flood zone analysis & LOMA feasibility | General market updates | Conduct coverage analysis of quotes & critique of carrier policy language | Premium cost allocation by location | Consult on Insurance requirements & Indemnity language for Vendor & Lease Agreements | Ongoing coverage analysis & critique of policy language | Hold Pre-Renewal Meetings to set goals & provide expectation of results