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Elliman extends insurance program to serve non-managed buildings.

Douglas Elliman has created a separate insurance purchasing group for owners and managers of real estate not managed by Douglas Elliman.

Three years ago, the company started a purchasing group for its own buildings.

Capitalizing on its expertise in protecting real estate risks, Douglas Elliman has created Distinguished Properties Associates Inc. Purchasing Group (Distinguished Properties). Distinguished Properties will equip eligible owners of real estate with the purchasing power necessary to buy comprehensive insurance programs at substantial savings from such financially-sound "A" rated insurers such as Aetna Casualty and Surety and Chubb insurance Company. Special benefits of the program include a $100 million umbrella limit per location -- priced well below what most buildings pay on their own for a $10 million umbrella limit -- and top service from a team of insurance brokers specializing in real estate.
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Title Annotation:real estate management firm owner Douglas Elliman creates Distinguished Properties Associates Inc. Purchasing Group
Publication:Real Estate Weekly
Date:Jun 30, 1993
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