Commercial Products available through ORWACA Agency

HARRP’s coverages for housing authorities are some of the broadest in the industry.  However, we cannot cover all risk assumed by housing authorities for reasons listed in our Nov. 2007 HARRP Notes newsletter. ORWACA Agency (formerly called HARRP Agency) was created to provide HARRP members and their affiliated entities with a one stop shop for your other insurance needs.

Property Insurance
Special Causes of Loss Form (formerly misnamed "All Risk Insurance"). We use several insurance companies for the best quote.

Builder's Risk Insurance
This type of insurance covers ground up construction or structural alterations.  It can also be used to cover items to be installed on a  building being moderinized.  Coverages can be written to cover hard cost (bricks and nails) and Soft Cost (architectural plans, Loss of Income, etc).

Boiler and Machinery [Equipment Breakdown] Insurance
Covers mechanical breakdown of any equipment that runs on or
generates electricity.  This coverage fills a property insurance gap on
power surges arising from artificially generated electricity (i.e., utility
company caused power surges). Wear and tear is an excluded peril.

Earthquake Insurance
This coverage is generally available only in a Difference in Conditions Insurance Policy.  Earthquake on a stand alone basis is difficult to get [but it can be purchased through a DIC policy]. Earthquake is difficult to purchase in California.

Flood Insurance
Each year 33% of floods occur outside of flood zones.  This coverage through the National Flood Insurance Program is available whether you are in a flood zone or not.  This coverage is available unless a flood is eminent.

Difference in Conditions Insurance
This is a type of property insurance which gives back some coverages that property insurance typically excludes. Some of the Coverages that this type of policy can be used to insure are: building slides, subsidence (sinkholes), earthquake and flood.

Commercial General Liability
third party bodily injury, property damage, personal injury (i.e. injury not to the body such as defamation) and advertising Injury. We can add: hired and non-owned auto, property manager’s liability and Employers Liability to this type of insurance.

Directors and Officers for Non-profit Corporations
This type of policy covers the Board of Director’s decisions and policies from claims.  This coverage is on a non standard form, meaning some policies are broader than others.  We will attempt to get the broadest coverage available.

Errors and Omissions
Whenever an entity performs a professional service (i.e., Property
Management, first time homeowner loans. Lead paint inspections, real estate brokerage or health care) the exposure needs to insured as it is not covered by a general liability policy.  Errors ands Omissions covers wrongful acts which fail to meet a duty required or expected of that profession.

Personal Umbrellas

Tenant Discrimination Insurance
Every housing provider should have this insurance to fill a common coverage gap within the liability policy.  It covers any allegation of discrimination to tenants including ADA.  This coverage may not be needed if it is included in an Errors and Omissions Policy. This commercial policy includes coverage for Fair Housing administrative hearings.

Site Specific Pollution Insurance
Often, this type of pollution insurance is needed when a property is being purchased and the owner wants the purchaser to indemnify them for any preexisting pollution in the property.  It is also available on properties that have been abated for pollutants after it has been cleaned up and a clearance test is issued.

Lead Paint Errors and Omissions for Housing Inspectors and Certified Risk Assessors
This insurance recently became available through negotiations between HARRP staff and Lloyds of London underwriters. This policy was created to fill the lead paint coverage gap that appears in standard apartment insurance policies as well as pool coverages. It extends coverage to all properties inspected by the housing authority at owned and partially owned (tax credits and non-profit) housing, as well as contingent bodily injury coverages. Mold coverage can be added as an option.

Lead Paint Abatement Insurance
Generally a contractor who is abating lead must purchase this coverage.  However, if a housing authority is abating lead paint, on a newly purchased pre 1987 building, under forced account, it should purchase this coverage. Lead Paint is a standard exclusion on Liability policies. 

Underground Storage Tank Insurance (for leaks)
If a property has underground storage tanks this product covers the pollution clean up and liability to other parties.

Fidelity Bonds   
This is a type of crime policy that includes: employee dishonesty, check alterations, theft of monetary instruments.  It can be written to include theft through electronic transfer of funds.

Motor Vehicle Insurance

Notary bond
This is a type of errors and omissions policy and is required on Notary Publics by law.

Maintenance Bonds [Subdivision Bonds]  
This coverage is available when the entity that obtains the permit needs to guarantee to the local municipality that the public improvements (i.e., sidewalks, sewers, etc.) will be maintained for a given period of time.  Some States exempt public entities (like housing authorities) from this bonding requirement.  However, if the Contractor obtains the permit, they are not exempt from the bond requirement.

Personal Umbrellas
This is a policy that any executive or board member may want to purchase. It protects their personal assets if they do things out of the scope of their duties. Former President Bill Clinton was defended against Paula Jones' law suit with one of these policies.

For coverages not listed above, contact ORWACA Agency at (360) 694-3500.