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Affordable Housing

10 Reasons Why™

  1. General Liability and Umbrella/Excess coverage with the same carrier
  2. Monoline General Liability coverage available
  3. Property Manager included as an additional insured
  4. Capacity for large property values
  5. Earthquake and Flood coverage available
  6. Auto Liability and Garagekeepers Legal Liability available
  7. Sexual Abuse or Molestation coverage excluding tenant on tenant abuse available
  8. Blanket Building coverage with Agreed Amount available
  9. Sewer Backup coverage available
  10. Installment plans available for accounts which generate at least $2000 in premium

Affordable Housing 10 Reasons Why

Benefits of the Program

Philadelphia Insurance Companies offers a comprehensive property and liability policy that addresses the unique coverage requirements of Affordable Housing. Our product includes insurance coverage for not-for-profit housing, subsidized housing, independent living senior housing and for profit/private sector-housing.

  • Ability to design/enhance coverage on an E & S basis
  • Special causes of loss on building, contents, loss of income and extra expense
  • Back Up of Sewers and Drains available
  • Building Ordinance coverage available

Supplemental Applications

Please select state specific forms when applicable.

Documents Required for Proposal

  • Completed signed/dated PHLY Affordable Housing Application
  • Completed ACORD application(s)
  • Color photograph(s) of representative buildings and auxiliary buildings
  • Currently valued insurance company loss runs for the current policy period and three prior years for accounts with premium of $100,000 or less. Currently valued loss runs for the current policy period and four prior years for accounts with premium over $100,000
  • Plot Plan
  • Latest Budget or Financial Statement

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