Appetite · Habitational

Habitational Appetite

Umbrella and excess liability for apartment owners, condominium associations, and affordable and senior housing operators.

Modern apartment community with a landscaped courtyard

Appetite

What We Write

Target Risks

Core appetite for all three divisions

Apartment communities, Class A through C, including mid- and high-rise
Condominium, townhome, and homeowner associations
Affordable housing
Section 8 and HUD-assisted properties
Senior housing, independent living

Considered

Reviewed individually, often through Specialty Brokerage

Cooperative housing
Student housing
Older properties without sprinklers
Accounts with adverse loss history or high-crime locations

Outside Our Appetite

Not written at this time

Assisted living, memory care, and skilled nursing
Greek housing
Single-room occupancy and boarding houses
Manufactured and mobile home communities

Underwriting

Underwriting Guidelines

Limits

Up to $100 million. Programs are designed to attach at $1 million. Specialty Brokerage limits start at $5 million.

Structure

Lead umbrella and excess layers, supported or unsupported. Admitted and non-admitted paper available. Specialty Brokerage can write primary general liability with the umbrella or excess.

Minimum Underlying

General liability $1M / $2M; auto $1M; employers liability $1M

Underlying Carriers

Rated A- / VII or better by AM Best

Loss History

Five years of currently valued loss runs for all underlying lines

Property Detail

Unit count, year built, construction, and sprinkler status by location

Safety

Security, lighting, and access control; pool and playground details where applicable

Management

Owner-managed or third-party management, with the property manager named