New Multifamily Insurance Program

NAHMA and Wells Fargo Insurance Services Announce Official Launch of
the Multifamily Affordable Housing Insurance Program
October 28, 2011, Alexandria, VA — The National Affordable Housing Management
Association (NAHMA) and Wells Fargo Insurance Services USA, Inc. (WFIS) are
pleased to announce the launch of an insurance program designed to meet the
specific needs of the affordable housing industry nationwide.
Multifamily Affordable Housing Insurance Program (MAHIP) was developed with an
understanding of the industry, the input of industry leaders, and is endorsed by
NAHMA.
MAHIP utilizes a select group of insurers and broadened coverage forms to provide
protection for property owners and managers from catastrophic perils across the
country at a competitive price. MAHIP also provides risk management and loss control
resources for program participants.
“As the NAHMA Board went through an exhaustive process to consider endorsing a
national insurance program, it took into consideration such important elements as the
broker’s experience and expertise, its capacity to solve some of the critical exposures
our industry faces (cost being key, but delivering solutions to Wind, Earthquake and
Flood perils, among others), its ability to serve NAHMA members nationwide, and its
understanding of - and commitment to - the multifamily affordable housing industry,”
said NAHMA Executive Director Kris Cook, CAE. “MAHIP will allow members to better
manage their insurance costs and risks while saving dollars, so they can focus
precious operating resources on additional priorities. In addition, members may even
access MAHIP through their existing insurance broker, as well as receive credit via
additionally discounted premiums for their NAHMA recognized Communities of
Quality.”
The program is administered out of Wells Fargo Insurance Services in Seattle, WA
where submissions may be made direct, or via approved sub-brokers.
Applications are now being accepted.
For additional information, please contact:
Megan Davidson
Wells Fargo Insurance Services
601 Union Street, Suite 1300
Seattle, WA 98101