New Empire Group’s RECOVER Storage Tank & Site Pollution Insurance Program is designed to meet the specialized environmental liability needs of real estate owners and managers. This targeted program provides comprehensive coverage for site pollution exposures, particularly for Community Associations, Apartment Buildings, and other real estate risks where underground and above-ground storage tanks or legacy environmental issues may present challenges.
Ideal Accounts and Appetite
This program is ideal for insurance agents and brokers placing business for:
- Community Associations (e.g., HOAs, Condo Associations)
- Apartment Complexes and Multifamily Residential Properties
- Commercial buildings with storage tanks on premises
- Properties with potential historical contamination or site pollution concerns
You might have a client who owns a residential complex with an aging underground storage tank, or a community association concerned about liability from legacy pollutants. This program helps address those risks with tailored environmental liability coverage.
Coverage Highlights and Advantages
The RECOVER program offers broad protection for third-party claims, cleanup costs, and tank-related exposures. Key coverage features include:
· Third-Party Claims for:
· On-Site Bodily Injury and Property Damage
· On-Site Bodily Injury from Asbestos & Lead
· Off-Site Bodily Injury & Property Damage
· On-Site Cleanup of New Conditions (excluding Lead or Asbestos)
· Off-Site Cleanup from New Conditions (excluding Lead or Asbestos)
· Underground and Above Ground Tank Spills
· Contingent Transportation Coverage
Available Limits
· $2,000,000 Each Incident Limit
· $20,000,000 Program Aggregate Limit
Underwriting Notes and Minimum Premium
The RECOVER program is underwritten on a non-admitted basis through Ace (Illinois Union Insurance Company). The minimum premium starts at $950, making it accessible for smaller accounts while also scalable for larger risks. New Empire Group brings deep expertise in environmental and real estate exposures, enabling efficient underwriting and placement for complex risks.
Territories and Availability
This program is available in most states, including AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Why Work With New Empire Group?
As a program administrator with a strong focus on real estate and environmental liability, New Empire Group offers tailored solutions and responsive service for agents and brokers. Their deep understanding of niche property exposures—especially those involving pollution and storage tanks—makes them a valuable partner when placing hard-to-insure or unusual risks.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is best suited for Community Associations, Apartment Buildings, and commercial properties with underground or above-ground storage tanks or historical environmental exposures.
Is the RECOVER program admitted or non-admitted?
The program is offered on a non-admitted basis through Ace (Illinois Union Insurance Company).
What is the minimum premium for this program?
The minimum premium starts at $950, making it accessible for a wide range of account sizes.
Are legacy pollution conditions covered?
The program provides coverage for new conditions but excludes cleanup related to pre-existing lead or asbestos contamination.
Which states is the program available in?
The RECOVER program is available in most U.S. states, including CA, FL, NY, TX, and many others.
Need help placing an account? Connect with a market specialist.