Insurance for Low- and Mixed-Income Housing

HAI Group is proud to offer insurance and risk control services for low-and mixed-income housing.

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 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 available for qualifying accounts.

Strengths

• Rated A (Excellent) by AM 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)

Markets We Serve

• Affordable and 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