HAI Group is proud to offer insurance and risk control services for low and mixed-income housing entities not in the public housing program.
Coverage
Commercial Property Coverage
- Enhancement endorsement designed for apartment owners and property managers
- Computer equipment within Business Personal Property, eliminating a separate coverage form
- Sublimits for Earthquake, Flood, and Business Income/Extra Expense (Earthquake and Flood not available in high-risk areas)
- Option to include Equipment Breakdown (Boiler and Machinery) as an endorsement
- Installment pay plans are available for qualifying accounts
Commercial Liability Coverage
- Option to include Employee Benefits Liability (Claims Made Basis)
- Option to cover Hired and Non-Owned Auto as an endorsement, eliminating a separate policy (*not available in all states)
- Option to cover on a Location Aggregate basis
- Option to cover Employers Liability (Stop Gap) where there are state-run workers’ compensation (monopolistic) programs
- Installment pay plans are available for qualifying accounts
Strengths
- Rated A (Excellent) by A.M. Best Company
- Admitted in 49 jurisdictions
- Proven experience in subsidized housing and low-income tax credit developments
- Financial Size Category: IX* ($250 million to $500 million)
- *Financial Size Category (FSC). The FSC is based on adjusted policyholders’ surplus (PHS) and is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts
Markets We Serve
- Affordable or mixed-income housing
- US Department of Housing and Urban Development (HUD)-financed properties
- Low Income Housing Tax Credit (LIHTC) developments
- Low income senior housing
- Section 8
