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Marsh's Prime Habitational Property Insurance Facility

Marsh’s Prime can help risk professionals obtain competitive coverage terms and pricing for habitational risks.

Staying competitive in the dynamic world of habitational real estate requires a thorough understanding of risk and insurance trends affecting the industry. Habitational is typically seen as a bright spot in the real estate market. Current forecasts for rentals remain strong, calling for low vacancy rates, rising rents, and solid demographic trends. Increased demand for habitational properties is fuelling an expansion of investment into multifamily housing. However, this positive outlook by real estate investors is not always shared by property insurers, which generally are increasing premiums and shrinking capacity for owners and managers of habitational and single family properties. Marsh’s Real Estate Practice addresses these challenges by providing a customised property insurance solution specifically designed for habitational property owners.

Recent high-severity events, coupled with a challenging economic environment and major updates to catastrophe models, have caused insurers to tighten underwriting guidelines for habitational properties. To help owners of habitational units address these concerns, we developed Marsh’s Prime Habitational Property Insurance Facility (Marsh’s Prime).

Who it’s for

  • Habitational risk professionals, including:
  • Owners and managers of multifamily properties and single family portfolios.
  • Owners of managed real estate portfolios.
  • Real estate investors.

What you get

  • Dedicated coverage and capacity for each policyholder for habitational property risks backed by the strength of Lloyd’s of London and Bermuda.

FACT SHEET

Prime Habitational Property Insurance Facility