Apartment / HOAs / Commercial LRO

Ideal accounts and appetite

• Any size account located in AZ, CA, NV, OR, UT and WA
• Apartment communities, HOA portfolios, mixed-use buildings and commercial LROs
• Small to mid-sized portfolios where flexible, subjective underwriting and tailored pricing are needed

Coverage highlights

The SIA program provides broad package coverages designed for property owners and managers, including:

• Property — blanket limits available for multi-location exposures
• General liability — primary GL coverage with occurrence-based limits
• Premises environmental liability — designed for pollution exposures tied to premises operations

Limits

• $500,000,000 blanket limits for property, per occurrence with no annual aggregate
• $1,000,000 / $2,000,000 per occurrence, per location in the aggregate for general liability
• $250,000 per loss per location / $250,000 aggregate per location with a $25,000,000 program aggregate for premises environmental liability

Underwriting strengths and differentiators

Amwins Underwriting’s SPFM team combines program-level capacity with hands-on, subjective underwriting. That means you can expect:

• Case-by-case flexibility on pricing and terms for small and mid-size risks
• A focus on broad coverages while adapting underwriting to client-specific risk controls
• Capacity to bind multi-location blanket property limits suitable for owners with multiple buildings

Requirements and common declinations

• Five-year loss history — acceptable average loss frequency is generally 50% or less
• Risks with recent or frequent water damage claims will require additional underwriting review
• Supplemental application is required

How agents can use this program

Use this program when you need broad, package-style coverage for apartment communities, HOAs or mixed-use properties where a tailored, subjective underwriting approach improves placement odds. Typical examples:

• You have an owner of several small garden-style apartment complexes in California looking for a single blanket property program and consolidated GL limits.
• An HOA management company needs combined property/GL/premises environmental coverage for a portfolio of mixed-age condo associations across Washington and Oregon.

Territory and availability

The program writes business in AZ, CA, NV, OR, UT and WA. Submission and eligibility should account for state-specific exposures and local loss trends when you prepare the file.

Why place this business with Amwins Underwriting (SPFM)

• Longstanding specialty program experience focused on property managers and owners
• Underwriters who will price and structure accounts on a subjective basis when appropriate
• High blanket limits and specialized premises environmental coverage to address common real estate risks

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