Why choose Habitational Owners Group, Inc?

  • We have many years of experience serving the needs of the multi-family industry
  • We understand lender requirements
  • We have been successful in negotiating more favorable lender requirements
  • We can help an owner navigate the claims process and achieve the best possible outcome
  • We can provide advice on mitigating risks
  • We currently provide insurance procurement services to many thousands of units around the country
  • We can leverage our large customer base to bring better pricing and coverage to our clients
  • We partner with some the largest carriers and wholesalers in the business

Our services include:

  • Assistance with claims
  • Procurement of Insurance
  • Advice on appropriate coverage
  • Assessment of existing insurance
  • Referral to competent and experienced loan providers
  • Flood Risk Evaluation: a risk-free opportunity to reduce flood insurance costs, improve coverage, increase asset values and proactively manage flood risk, including mitigation efforts, to prevent uninsured losses

Insurance Products

Buildings – Per Occurrence Replacement Cost
Personal Property – Per Occurrence Replacement Cost
Loss of Rents – Per Occurrence Actual Loss Sustained
Roofs Replacement Cost
Building Ordinance or Law (A) – Per Occurrence $100,000,000
Building Ordinance or Law (B&C) – Per Occurrence $25,000,000
Building Ordinance or Law (D) – Per Occurrence $10,000,000
Terrorism Replacement Cost
Equipment Breakdown $100,000,000
Accounts Receivable $250,000
Valuable Papers $500,000
Errors & Omissions $250,000
EDP Equipment $250,000
Fire Department Charges $50,000
Extended Period of Indemnity 365 Days
Back-up of Sewers and Drains $10,000,000
Earthquake $10,000,000
All Risk of Direct Physical Damage $10,000 or $25,000
Windstorm & Hail $10,000 or $25,000
Named Storms (For Teir 1 Locations) 2% ($50,000 minimum) Per Location of TIV
Equipment Breakdown $10,000 or $25,000
Earthquake $100,000
All pre-existing damage
Biological Agents (bacteria, mold, mildew, fungi, ect.)
Warranted all Aluminum Wiring is Pig Tailed or Co/ALR
Warranted Inspection and Compliance with any Recommendations Deemed Essential
General Liability Deductible: ZERO
Umbrella Self Insured Retention: ZERO
General Liability Insurer: AM Best Rated A Rated, Non-Admitted
Excess Liability Insurer: AM Best Rated A Rated, Admitted
Excess Liability Limit: $10,000,000
General Liability Limits:
Aggregate Limit $2,000,000
Products – Completed Operations Aggregate Limit $2,000,000
Personal and Advertising Injury Limit $1,000,000
Each Occurrence Limit $1,000,000
Non-Owned and Hired Auto $1,000,000
Damage to rented Premises $50,000
Aggregate Limits of Insurance Per Location
Thirty Day Notice of Cancellation (except 10 days for non-payment)
Additional Insured, Property Manager, Mortgagee / Lender – where required by written contract
Designated Premises
Waiver of Subrogation where required by written contract
TRIA Included