Comprehensive Habitational Insurance Solutions from Continental Risk / Continental Marine Insurance Services
Continental Risk / Continental Marine Insurance Services offers a dedicated Habitational Insurance program for agents and brokers placing coverage for multi-unit residential property risks. The program provides tailored solutions for apartment complexes, condominium associations, townhome communities, and mixed-use buildings with residential components across a broad geographic footprint.
Ideal Accounts and Target Classes
This program is designed for insureds who own or manage multi-unit residential properties, including:
- Apartment buildings (market-rate and affordable housing)
- Condominium associations
- Townhome and townhouse communities
- Mixed-use buildings with residential units
Whether your client is a single-property owner, an investor with several complexes, or a property management company, the program can be structured to match different risk profiles and operational models.
Coverage Highlights and Available Limits
The Habitational Insurance program includes core coverages that address the primary exposures faced by residential property owners:
- General Liability – $1M per occurrence / $2M aggregate
- Property Coverage – Up to $5M Total Insured Value (TIV) per location
Additional optional or package components commonly available include:
- Hired & Non-Owned Auto liability
- Employee Benefits liability
- Equipment Breakdown coverage
These coverages help your clients manage the financial impact of property damage, liability claims, and operational interruptions so they can focus on maintaining occupancy and cash flow.
Underwriting Approach and Minimum Premiums
Continental Risk / Continental Marine works with a mix of admitted and non-admitted markets to provide flexibility in placement. Underwriting evaluates each submission on its individual merits; key factors include location, construction type, age and condition of building systems, occupancy, management practices, and prior loss history.
Minimum premium levels vary by state, limits, and specific risk characteristics. Submissions demonstrating good maintenance, recent system upgrades (roofing, electrical, fire protection), and favorable loss histories generally receive stronger terms. Risks with older construction, recurring claim activity, or significant deferred maintenance are considered but will require detailed documentation and may face more restrictive terms.
Territorial Reach
The Habitational Insurance program is available nationwide, including all 50 states and Washington, D.C. Continental Risk / Continental Marine can place business in admitted markets where available and use non-admitted solutions where appropriate to achieve the coverage or limits your client needs.
Why Work With Continental Risk / Continental Marine Insurance Services?
As a wholesale broker, Continental Risk / Continental Marine brings decades of habitational placement experience and relationships with multiple carriers. Agents benefit from:
- Access to both admitted and non-admitted markets
- Underwriting expertise focused on multi-unit residential exposures
- Flexible program structures and available endorsements tailored to property operations
- Responsive service to help place difficult or specialty habitational risks
Example scenarios where this program is a strong option: you have a client managing a 60-unit apartment complex in a coastal area with some older construction and recent system upgrades, or a condominium association seeking higher liability limits and equipment coverage. Continental Risk / Continental Marine can help package those accounts and submit to the markets most likely to offer competitive terms.
To learn more about placing habitational accounts through this program, contact the team at Continental Risk / Continental Marine Insurance Services.