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- Tenant Liability Captive Insurance
HUB Tenant Liability Captive Insurance
HUB Tenant Liability Captive Insurance
Protect your tenants and increase your portfolio value.
We’re changing resident liability insurance for the better.
Most property owners and managers of multi-family, student housing and single-family residential rentals require residents to carry liability insurance or renter’s insurance. HUB Tenant Liability Captive Insurance provides value to both residents and real estate owners/managers:
- Residents get a simple, convenient way to secure the insurance coverage required in their lease agreement.
- Building owners and operators gain the opportunity to generate a new revenue stream through underwriting profits and risk mitigation.
Whether you have 2,000 units or 10,000 units, own or manage, ask us if our program will meet your needs.
How HUB Tenant Liability Captive Insurance Works
HUB Tenant Liability Captive Insurance provides protection against damage to the resident’s property caused by fire, smoke, explosion, water damage and falling objects. The policy has a limit of $100,000 per occurrence with no deductible and no aggregate limit.
We take over all third party policy tracking from your staff, significantly reducing time spent on administration.
HUB Tenant Liability Captive Insurance: Sample Client Analysis (assuming 10k units)
Timeline to Train/Implement | 30 days (simultaneous with captive formation) |
Waiver of Liability Fee Paid by Tenant in Rent | $13/enrolled unit/month |
Anticipated Resident Participation | 80% |
Captive Manager Fee | $3/enrolled unit/month |
Gross Profit to Multifamily Operator or Owner | $10/enrolled unit/month |
Gross Annual Profit to Multifamily Group | $825,600/year |
Contact a HUB residential building insurance specialist to get started.