HabRisk

An AGEMA division that specializes in any and everything related to property-driven insurance. We can help! From brand new buildings to complex risks with extensive claims history. No matter what the property is or where it is located, we have solutions.

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The HabRisk Advantage

Unmatched Market Access

HabRisk has virtually unmatched access to a full suite of property programs and products. Several programs can only be accessed by other brokers via third party. Better access typically means better service, better price, and better terms.

Specialized Expertise

We are a staff comprised of property insurance specialists, whereas other brokers may be more of a generalist. We dedicate our time to staying up to date on the property insurance marketplace, to ensure we are offering the best solutions in an ever-changing world.

Technology-Driven

HabRisk consistently invests in technology, which results in better service and solutions for our clients. Our tech-forward approach streamlines the quoting process and provides meaningful insights for risk management.

Critical Coverage Example

Loss of Rental Income
Protection

When a covered peril damages your property and makes units uninhabitable, your rental income stops. Loss of Rental Income coverage (also called Fair Rental Value coverage) reimburses you for rent you can't collect during repairs. This is one of the most critical coverages apartment and multifamily owners need—yet many policies carry inadequate limits.

What Loss of Rental Income Covers

  • Covers lost rent due to covered perils (fire, wind, vandalism, theft, etc.)
  • Applies when units become uninhabitable per local housing codes
  • Typical coverage: 20–25% of your dwelling coverage limit
  • Helps cover mortgage payments, taxes, and maintenance during downtime
  • Does not cover evictions or tenant non-payment
Real Example: Why This Matters

A fire damages two units in your 50-unit apartment complex. Repairs take 4 months. With Loss of Rental Income coverage at a $200,000 limit, you are reimbursed approximately $5,000 per month during the 4-month repair period ($20,000 total). This helps you maintain cash flow and meet mortgage and tax obligations even when those units are not generating income.

2
Units Damaged
4
Months Repairs
$20K
Reimbursed

What We Cover

HabRisk provides insurance solutions for a wide range of property types and risk profiles. Whether you own a single building or a national portfolio, we have market access and expertise for your specific situation.

Apartments & Multifamily

  • Market Rate Properties
  • Section 8 Housing
  • Section 42 (LIHTC) Housing
  • Student Housing
  • Elderly Housing / Senior Living
  • Properties with Extensive Claims History
  • Properties on the Historical Registry
  • Coastal Properties (high-CAT areas)
  • Short-Term Rentals (STR/Airbnb)
  • And more

Condominiums & HOAs

  • Senior Housing Communities
  • High-Rise Properties (20+ stories)
  • Subsidized Housing
  • Older Properties (pre-1980)
  • Properties with Extensive Claims History
  • Coastal Properties (CAT-prone)
  • And more

Additional Property Types

  • Vacant Buildings
  • Dwelling Schedules (single-family rental portfolios)
  • Lessor's Risk Properties
  • Industrial Properties and Warehouses
  • Builder's Risk (new construction and renovation)
  • Churches and Religious Institutions
  • Mixed-Use Properties (commercial plus residential)
Market Insight

Why Professional Brokerage
Matters Now

2024–2025 Property Insurance Market Reality

  • Commercial property premiums have increased multiple years in a row.
  • Recent years have seen double-digit rate increases for many properties.
  • Properties in coastal and catastrophe-prone areas often face the largest increases.
  • Underwriters are scrutinizing valuations and risk details more closely than ever.
  • Some carriers are exiting or restricting coverage in higher-risk markets.

What This Means for Property Owners

  • Accurate valuations are more critical than ever; underinsured properties face significant exposure.
  • Multiple carrier options are essential to avoid being locked into unfavorable terms.
  • Documented loss-prevention measures can improve underwriting outcomes.
  • Independent brokerage access to specialty markets can provide broader coverage and potential savings compared to single-carrier options.

HabRisk's market access and carrier relationships help you navigate this environment. We work with specialty programs and regional carriers that many brokers cannot access, providing broader options for challenging or unique risks.

What We'll Review During
Underwriting

When you work with HabRisk, we conduct a thorough underwriting review to help ensure your coverage is appropriate and competitively priced. Key areas include:

  • Is your building's replacement cost value adequate?
  • When was the last time the valuation was reviewed or updated?
  • Does the valuation reflect current construction and material costs?
  • Have recent improvements or renovations been included?

By reviewing these areas in detail, we help you avoid blind spots, identify potential coverage gaps, and align your insurance program with the real-world risks your properties face.

Let's Protect Your Property

Contact HabRisk today for a comprehensive property insurance review. Our specialists are ready to find the right coverage for your unique situation.