Interactive
Does Lessors Risk Mean Less Risk
Academy of Insurance
Updated Nov 30, 2020Lessor’s risk only (LRO) or landlord insurance is a classification used by agents and insurers for property owners that lease all or a substantial portion of the buildings they own to others. The basic premise is the building owner insurers the value of the building and liability associated with the common areas and the tenants insure their contents and liability on their own policy. Pretty simple, right?
