Coverage for Multifamily Property Owners  

Providing tenants with Ho4 coverage:  (renter’s insurance)

  Can lower Owner’s P&C premium;  Decreases risk by reducing Owner’s out of pocket exposure; and  Increases profitability.

Providing tenants with Involuntary Unemployment Protection:  (job loss protection)

  Economical for both the tenant and the multifamily          property owner; and 

  Enhances overall image and marketability. Cambridge Solution Group has the answers: 

  Cambridge offers three (3) options to choose from at  a cost below what          the tenant would pay on their own.  These options are:

  Renter’s Guardian Secure Advantage;  Renter’s Guardian Coverage Select; and  Renter’s Guardian Liability Choice.

  Opt out option- Each program  allows tenants to ‘opt out’ which solves      the issue of a  perceived rent increase.

  Encrypted tracking system. Our tracking system is compatible and can be        incorporated with the technology that the landlord already has in place.  

Cambridge Solution Group makes it easy so you can concentrate on your core business of managing your properties.

Renter’s Guardian Secure Advantage

Full renters insurance policy plus Involuntary Unemployment Protection

  Lowers  Multifamily Owner’s P&C premium.   Makes renters coverage affordable, protects all tenants and the property.

  Involuntary unemployment protection -pays rent for up to  6 months. Provides a safety net, keeping families in place through temporary involuntary job loss.   Lowers delinquency.   Opt out option- solves the issue of a perceived  rent increase.   Protects your Bottom Line -  Maintains rent ability, property condition       and  minimizes turnaround enhancing profitability.

Renter’s Guardian Coverage Select Full renters insurance policy – resident liability and contents    Lowers Multifamily Owner’s P&C premium.    Makes renters coverage affordable protects all tenants  and the  property.     Opt out option- solves the issue of a perceived  rent increase.    Protects Owner’s Bottom Line -  Maintains rent ability, property condition       and  minimizes turnaround enhancing  profitability. 

Renter’s Guardian Liability ChoiceLiability Insurance only Lowers Multifamily Owner’s P&C premiums.   Mandatory participation required.   Protects your Bottom Line -  Maintaining rent ability, property condition      and minimizing turnaround enhances  profitability. 

Information on specific coverage:

HO4 Protection  Pays up to $100,000 Liability Coverage per unit.  Pays up to $15,000 Content Coverage per unit.

Liability  Pays up to $100,000 in Liability.

Involuntary Unemployment Protection  Pays Tenant’s rent/lease payment to property owner for up to 6 months in the

event of involuntary unemployment.

Economies of Scale makes it possible  

The  property  owner  is  the  plan  sponsor.  They  can  be  assured  of compliance with lease provisions requiring Renter’s Insurance and further benefit from specific coverage for job loss and other inherent risks. 

A  cost  neutral  solution  to  economic  uncertainty  that  is  available  only through qualified multifamily operators.  Fully Insured  

 As administrator/obligor, we offer turn-key programs, underwritten by     A-Rated/Excellent carriers.

  All claims and policy service issues are managed by our administrator.

  50 State Compliant. 

  Simple Administration:  Administration is as simple as submitting an      electronic report listing the participating units.

  Benefits paid directly to property owner.

 No Insurance License for Property Management Staff– Our coverages      generally  do not require any  additional insurance licenses.      Incorporate the products into your sales without  disruption to your     work flow.

  Services we provide:

 Market Evaluation   Transparent Reporting

 Private Label Solutions   Seamless Integration

  Product Customization   Marketing Support

How It Works, Simple Reporting

Once  a  month,  the  Property  Manager  will  export  a  resident  list  and forward  it  to  a  secure  electronic  file  location.  This  information  will  be compiled  based  on  lease  commencement  and  other  resident  details collected at  the  inception of  the program.   A  report and  invoice will be provided to the property manager for covered units monthly.

Tenant Notice  Blanket coverage is attached to each participating lease.

Opt Out Alternative   Tenant may secure required coverage from any source they choose. 

Disclosure   Each tenant will get a disclosure of plan details. All claims and    servicing is provided by Cambridge Solutions Group.

1600 Total Units

UnoccupiedUnits 80

NonParticipatingUnits 304

ParticipatingUnits 1216

*Based on 95% occupancy and 80% penetration.

Contact UsCambridge Insurance, LLC100 Pearl Street

14th FloorHartford, CT 06103

Gary BuselVice President Marketing and Product Development

Jon Keene Principal

Krista MowadPrincipal

Phone: (888) 209-2023