Target classes
- Residential Property Managers and/or Owners (apartments and other residential properties)
- Commercial Property Managers and/or Owners (retail, office and industrial spaces)
- Homeowners Associations
- Condominiums Owners Associations
Highlights
- Coverage extends to retail, office and industrial properties
- Coverage available nationwide
- One to three years extended reporting period available
- Additional locations can be added mid-term
- ‘Tenant’ defined broadly to include Fair Housing testers and guests of a tenant
- Includes sub-limits for Fair Housing training costs, court attendance costs and Fair Credit Reporting Act proceedings
As a specialty insurance carrier, TMHCC has designed a key coverage to protect these clients from discrimination lawsuits.
Tenant discrimination is not covered in many policies. A general liability policy, business owners’ policy or employment practices liability policy with third party discrimination does not necessarily cover a tenant discrimination claim.
Consider this:
Five disabled residents of a Section 8 apartment complex filed charges with HUD alleging discrimination based on disability. All five women claimed that they suffered verbal and physical harassment by the apartment complex staff and other tenants because of their disabilities (visual impairments, cognitive disabilities, epilepsy). The property owner reached a settlement of all claims, which included several disability accommodations as well as sensitivity training for staff. The property owner incurred $28,770 in legal expenses.*
*Coverage is determined based on the specific facts and circumstances presented at the time of a claim and the language of the policy issued to the Insured. These fact patterns are intended only to illustrate the types of claims that may trigger coverage under a tenant discrimination professional liability.
For product inquiries or submissions: [email protected]
Summary of coverage
Tenant Discrimination Reimbursement insurance provides protection to property managers and property owners from discrimination claims brought by current, prospective or former tenants.
Limits available: $100,000 to $2 million
Minimum deductible: $5,000
Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
More about us Financial strengthNot all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.