Staging Risk Management (SRM) works to provide solutions to risk issues in the real estate staging industry. With its partners, Staging Risk Management (SRM) identifies, analyzes and develops a potential solution to the problems of theft, vandalism, and other losses that can occur when property is staged. We provide a way to manage those potential risks by protecting the stager's cost of doing business due to unforeseen expenses or an increase in direct insurance costs due to submitted claims.
In addition, Staging Risk Management (SRM) provides risk management for the seller
by covering property that a majority of homeowners insurance doesn't cover, including when the home is vacant or when the property is owned by someone else.
| Questions and Potential Benefits of utilizing an SRM staging policy;
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Is the client responsible for covering losses incurred when a peril occurs?
Don’t assume the homeowners insurance covers property that’s not their own, or that they have vacant home property coverage.
Do you require the client to pay large deductibles if a peril were to occur?
An SRM staging policy provided by Worth Ave Group has only a $500 deductible.
What makes you stand out from your competition?
Create another advantage over your competition by offering this value-added SRM staging policy.
How do these actions affect your relationship with your clients?
Maintain referral relationships with an SRM staging policy, compared to a tense relationship when a peril happens and this policy isn't in effect.
| Home Stagers FYI
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• We recently suffered an $18,000 loss due to a burglary. This would have been a great policy to have in place!
• Our staging company suffered a great loss last year when the home was broken into and people trashed it. They spray painted all of the furniture, cut up artwork and pillows and destroyed pretty much everything. I wish we had this policy in place.
• One of our vacant listings was broken into and although my contract states the homeowner is responsible; their homeowners insurance would not cover the loss. I ended up eating the loss so I could maintain a positive relationship with the agent. It would have been great to have a policy like this. Seems like a no-brainer for a homeowner to want to protect themselves.
Who is this policy provided by?
The staging policy is provided through Worth Ave. Group. SRM is a partner with Worth Ave. Group, not the holder of the policy. Worth Ave. Group offers an initial coverage and renewal coverage options. The cost of each policy depends on the coverage options selected.
What is my deductible?
Your deductible is the amount that must be paid out of pocket before our coverage will pay the claim. Whether you have an initial policy or renewal policy, your deductible is $500.
How do I purchase and access my policy?
Purchase your policy by selecting your preferred coverage options in the quote generator at the top of this page. We accept Visa, Mastercard, Discover & American Express. Once you have completed your purchase, you can login to Worth Ave. Group's
"My Policy" customer area to manage your policy.
How do I file a claim?
Filing a claim is simple and easy! You can file a claim online, by phone or mail. You can view step-by-step instructions how to file a claim
here.
Can you insure rental furniture used for the staging?
Yes. And, if needed we can provide a certificate of insurance showing the rental company as "Loss Payee".
Can I renew the policy?
Yes. Renewals are 30 day term policies at the rates of:
$10,000 Limit -- $100 Premium
$20,000 Limit -- $135 Premium
$30,000 Limit -- $160 Premium
What if I have additional questions?
If you have any questions about your policy, you can contact Worth Ave. Group's customer service center by calling 1-800-620-2885.
Need some help getting started?
Send your questions or comments directly to Staging Risk Management (SRM).
Staging Risk Management (SRM)
Contact Information
Scheduled Property Floater
