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Coverage for Multifamily Property Owners Providing tenants with Ho4 coverage : (renter’s insurance) C an lower Owner’s P&C premium, D ecreases risk by reducing Owner’s out of pocket exposure, and I ncreases profitability Providing tenants with Involuntary Unemployment Protection :
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Providing tenants with Ho4 coverage:
Can lower Owner’s P&C premium,
Decreases risk by reducing Owner’s out of pocket exposure, and
Providing tenants with Involuntary Unemployment Protection:
(job loss protection)
Economical for both the tenant and the multifamily
the tenant would pay on their own. These options are:
the issue of a perceived rent increase.
incorporated with the technology that the landlord already has in place.
Involuntary unemployment protection -pays rent for up to 6 months.
Information on specific coverage:
Pays up to $100,000 Liability Coverage per unit.
Pays up to $15,000 Content Coverage per unit.
Pays up to $100,000 in Liability.
Involuntary Unemployment Protection
Pays Tenant’s rent/lease payment to property for up to 6 months in the
event of involuntary unemployment.
electronic report listing the participating units.
generally do not require any additional insurance licenses.
Incorporate the products into your sales without disruption to your
Market Evaluation Transparent Reporting
Private Label Solutions Seamless Integration
Product Customization Marketing Support
Once a month, the Property Manager will export a resident list and forward it to a secure electronic file location. This information will be compiled based on lease commencement and other resident details collected at the inception of the program. A report and invoice will be provided to the property manager for covered units monthly.
Blanket coverage is attached to each participating lease.
Opt Out Alternative
Tenant may secure required coverage from any source they choose.
Each tenant will get a disclosure of plan details. All claims and
servicing is provided by Cambridge Solutions Group.
*Based on 95% occupancy and 80% penetration.
100 Pearl Street
Hartford, CT 06103
Gary BuselVice President Marketing and Product Development
Phone: (888) 209-2023