Senior Living Apartment Insurance

With the aging of the American population, demand for housing that meets the needs of seniors is rapidly expanding. McGowan has the expertise to address the varied types of insurance needs of senior living communities.

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Eligible Risks

  • All types of age restricted living organizations (excludes those providing medical related services)
  • Subsidized rents, including HUD Sections 8, 202, 236; LIHTC; and local provided subsidies.
  • For-profit and Not-for-Profit Insureds
  • Risks providing meals, transportation, beauticians, etc.
  • Risks without emergency call systems, with self-monitored, and third-party monitored emergency call systems.

Ineligible Risks

  • Risks with RNs, MDs, or other individuals with professional medical designations on staff
  • Risks that provide services for the activities of daily living
  • Risks that cater to other than 55+ aged tenants

Available Coverages

  • Property
  • Flood and Quake Available
  • Equipment Breakdown
  • General Liability
  • Assault and Battery
  • Employment Practices
  • Employment Benefits
  • Professional Liability Available
  • Inland Marine
  • Umbrella

Minimum Premiums

  • Package: $20,000
  • Mono-line Property: $10,000

Applications

Contacts

Austin James

Will Jayne

Ross Hackney

Lawson Poole

David Harr

Darin McClure

To Obtain Quotes

A complete submission requires the following:

  • ACORD application (Commercial Section).
  • 3 – 5 years of loss summary for all underlying policies.
  • Supplemental applications (at the underwriter’s discretion).
  • Please submit to: ajames@mcgowanrisk.com

To Bind Coverage

  • A written request to bind.
  • A signed ACORD submission.
  • 3 years of loss runs for all underlying policies.
  • Supplemental applications (at the underwriter’s discretion).

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