Fire and Liability Insurance Program

The Fire and Liability Insurance Plan is dedicated to negotiating and obtaining the most competitive insurance rates for HDFCs. This successful program has been running for more than 25 years, and currently insures over 530 buildings.


Coverage

FLIP policy is written on an Agreed Amount & Replacement Cost basis.

Fire coverage includes:

  • Building property
  • Backup of sewers
  • Flood and earthquake
  • Ordinance or law
  • Loss of business income
  • Office contents

General liability coverage includes:

  • Lead paint liability, terrorism, mold, fungus and spores
  • Protection against most third party liability claims
  • Non-owned auto

Flexible premium payments:

The Annual Insurance Premium may be paid in full to the insurance broker or paid in 9 monthly installments financed through Premium Finance Specialists. Your broker will set this up for you.


Eligibility

To qualify for a FLIP subscription, an HDFC must:

  • provide prior loss history (please request a Loss Run from your current insurance carrier)
  • remove old violations
  • pass an inspection

Participation

UHAB will assist HDFCs through the application process.

To request an insurance quote, and to find out how FLIP prices compare to your current policy, contact Sasha at 212-479-3374 or hill@uhab.org.


Reminder

If your HDFC is considering joining or switching to FLIP, be sure to check the expiration date of your current insurance coverage.  Do not let your current coverage lapse.


FLIP is a program administered by the Urban Homesteading Assistance Board for the benefit of UHAB members and is brokered by Arthur J. Gallagher, Inc.