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 has partnered with Property Owners Protection Insurance Company (POPIC) - an industry leader in the implementation and administration of tenant liability captive programs - to provide value to both residents and real estate owners/managers:
- Residents get a simple, convenient way to meet the insurance requirement of their lease.
- Building owners and operators gain the opportunity to generate a new revenue stream through underwriting profits and loss prevention.
Whether you have 2,000 units or 100,000 units, own or manage, a HUB residential real estate specialist will work with you to determine if HUB Tenant Liability Captive Insurance is right for you.
How HUB Tenant Liability Captive Insurance Works
HUB Tenant Liability Captive Insurance provides protection against resident damage to the landlord’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 10,000 units)
| Timeline to Train/Implement | 30 days (simultaneous with captive formation) |
| Waiver of Liability Fee Paid by Tenant with Rent | $13/enrolled unit/month |
| Anticipated Resident Participation | 80% |
| Program Management Fee | $3/enrolled unit/month |
| Gross Revenue to Multifamily Operator or Owner | $10/enrolled unit/month |
| Gross Estimated Annual Profit to Multifamily Group | $825,600/year |
Contact a HUB residential building insurance specialist to get started.