Specialized property coverage for habitational risks

The habitational real estate sector faces a wide range of property risks ranging from weather-driven losses to tenant negligence and emerging risks such as EV batteries and e-bike or e-scooter storage. Owners and managers of multifamily, mixed-use, and residential portfolios require protection that’s both comprehensive and adaptable to today’s dynamic market conditions.

Through the  Property Risk Management Association (PRMA), Amwins delivers a tailored Habitational All Risk Property Program that provides scalable capacity and broad coverage terms for complex property schedules. Backed by multiple A.M. Best A- through A+ rated carriers, the program features a homogeneous, multi-tower structure that accommodates new submissions year-round, offering retail partners a flexible, stable solution for managing large habitational property portfolios.

Program Highlights:

• All Risk manuscript form
• All real and personal property
• Actual loss sustained as respects loss of rental value including 365-day extended period of indemnity
• Building ordinance including contingent liability; demolition and increased cost of construction
• Includes sprinkler leakage
• Replacement cost if repaired or replaced
• No coinsurance
• Includes terrorism coverage
• Includes earthquake and flood coverage
• Includes equipment breakdown and jurisdictional inspections
• Competitive deductible structure
  

Program Qualifications and Details:

• TIV greater than $50M
• Adequate replacement cost values
• All key property locations will be inspected to verify submitted information is accurate
• $250 association membership fee
• Non-admitted, A.M. Best A- through A+ rated carrier(s)
• Nationally available

Major Exclusions:

• Tier I and II CAT Wind
• California Earthquake
• Vacant locations