How do I classify Lessor's Risk tenancies?

Class Code Description

Code

Description

Apartment Buildings 

60010

Apartment buildings not otherwise classified, cannot be mixed-use

Apartment Buildings – Garden

60011

“Garden-style” apartment buildings no taller than 2 stories

Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Other than Not-For-Profit

61212

This is a standard office or retail exposure where the building owner isn’t responsible for the maintenance and upkeep of the building

Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Not-For-Profit Only

61216

This is an uncommon office or retail exposure where the building owner is a non-profit entity and isn’t responsible for the maintenance and upkeep of the building

Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Maintained by the Insured – Other than Not-For-Profit

61217

This is a standard office or retail exposure where the building owner is responsible for the maintenance and upkeep of the building

Bank or Office – Mercantile or Manufacturing (Lessor's Risk Only) – Maintained by the Insured – Not-For-Profit Only

61218

This is an uncommon office or retail exposure where the building owner is a non-profit entity and is responsible for the maintenance and upkeep of the building. 

Dwellings – One-Family (Lessor's Risk Only)

63010

Typically a stand-alone home or condominium unit

Dwellings – Two-Family (Lessor's Risk Only)

63011

Typically, a multi-family home or an entity that owns more than one condominium unit

Dwellings – Three-Family (Lessor's Risk Only)

63012

Typically, a multi-family home or an entity that owns more than one condominium unit

Dwellings – Four-Family (Lessor's Risk Only)

63013

Typically, a multi-family home or an entity that owns more than one condominium unit

Parking – Public – Not Open Air

46603

Short-term parking is available and may be used by an automotive repair garage, gas station, and/or car washes. These lots are not storage lots, which are meant for long-term parking and are not operated in conjunction with a shopping center. This classification does not apply to parking areas where the owner or lessee of the main business, such as a hotel, department store, or other sales-based business, is based on sales.

Parking – Public – Open Air

46604

Short-term parking is available and may be used by an automotive repair garage, gas station, and/or car washes. These lots are not storage lots, which are meant for long-term parking and are not operated in conjunction with a shopping center. This classification does not apply to parking areas where the owner or lessee of the main business, such as a hotel, department store, or other sales-based business, is based on sales.

Parking – Public – Shopping Centers – Maintained by Lessee (Lessor's Risk Only)

46606

Should be added when a Shopping Center code is used and there is a parking lot exposure

Parking – Public – Shopping Centers – Maintained by the Insured (Lessor's Risk Only)

46607

It should be added when a Shopping Center code is used, and there is a parking lot exposure

Parking – Private

46622

This classification contemplates risks that offer private parking areas for their clients only.  These risks may offer any type of parking area, garages, or open lots for which parking is restricted to the use of a particular group.  These groups include, but are not limited to tenants, guests, and visitors - the parking area is not open to the general public. Code 46622 also contemplates parking areas that are used for storage of automobiles, trucks, boats, RV's, etc. during seasons when they are not in use.  These areas may be covered or open lots.

Shopping Centers – Indoor Malls – Buildings, or Premises Not Occupied by the Insured (Lessor's Risk Only)

67634

This described an indoor retail operations with 5 or more retail stores

Shopping Centers – Buildings, or Premises Not Occupied by the Insured (Lessor's Risk Only)

67634

This described a retail operations with 5 or more retail stores

Warehouses – Occupied by Multiple Interests (Lessor's Risk Only)

67634

This is a standard warehouse exposure where there are multiple tenants

Warehouses – Occupied by Single Interest (Lessor's Risk Only)

67634

This is a standard warehouse exposure where there is only one tenant