Affordable Housing Insurance
Multifamily affordable housing comes with a unique set of risks. We know, because it’s the only industry we insure. Whether you’re a seasoned pro or buying insurance for the first time, you can trust HAI Group’s experienced team to structure property and casualty programs that truly meet your needs. You’ll find comprehensive coverage and unique endorsements for multifamily rental apartments backed by no-cost risk management support and 24/7 claims services.
You’ll benefit from:
- Focused coverage underwritten by Housing Enterprise Insurance Company, an admitted carrier with an 'A' rating from AM Best
- In-house risk management consulting designed by professionals who specialize in multifamily affordable housing
- Award-winning risk management resources
- Access to optional housing-focused professional development training
- Access to original industry research and data provided by the Public and Affordable Housing Research Corporation, our nonprofit research arm
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 compensation (monopolistic) programs
Installment pay plans are available for qualifying accounts
Comprehensive coverage at a fair price.
HAI Group has been in business since 1987 solely to provide insurance to the affordable housing industry. Founded by a group of public housing organizations and still governed by them today, our programs include comprehensive property and casualty coverage designed for nonprofit and for-profit providers of affordable housing, mixed-income housing, and tax-credit-financed properties. We stand ready to customize a program based on your needs, risk tolerance, and budget. Ask about our special endorsements for LIHTC, green building upgrades, tenant relocation, and more.
Claims help, anytime you need it.
When claims arise, you can count on our in-house claims examiners and national network of adjusters and defense lawyers to manage them quickly and professionally. Our experienced team keeps your claims on track, advances payments when appropriate, offers advice on how to mitigate further damage, and works with contractors and adjusters to keep the process moving. As part of our unwavering commitment to the industry, we also host a summit each year where we discuss legal trends and strategies for continually improving outcomes in the multifamily affordable housing industry.
Our mission lives in our work.
More than just an insurance company, HAI Group is a true partner to the affordable housing industry. Ask us about our higher-education scholarships for your residents and our original industry research and data designed to support your advocacy work.
Why HAI Group?
Rated A (excellent) by AM Best
Admitted in 49 jurisdictions
Proven experience in subsidized housing and low-income tax credit developments
Specialized, no-cost risk management services
Always-open claims reporting
Markets
Affordable and mixed-income housing
U.S. Department of Housing and Urban Development (HUD)-financed properties
Low-Income Housing Tax Credit (LIHTC) developments
Low-income senior housing
Section 8
