• Property – Fraternal Property Management Association (FPMA)

    What is the Fraternal Property Management Association?

    The Fraternal Property Management Association (FPMA) was created to provide educational assistance to student housing owners and volunteers to strengthen their ability to manage their chapter properties. In addition, the FPMA provides competitive insurance products specifically designed to protect properties owned and leased by student organizations.

    Want to take this information with you? Click here for a PDF.

    FPMA participant applications may be completed with this online form or email fraternalinsuranceapp@holmesmurphy.com for any questions you have.

     

    Summary of Insurance Coverage

    • “A” Rated Insurance Companies: (as rated by the AM Best & Company)
    • All Risk-Special Form Coverage: Coverage is provided for all causes of loss except those excluded by the insurance contract.
    • Building Protection: Guaranteed Replacement Cost Coverage is provided if your building is insured to the current reconstruction valuation on file. The policy will provide monies to reconstruct the building to its prior condition, regardless of the stated building limit.

     

    What are the benefits of participation in FPMA?

    • A semiannual newsletter that focuses on risk management and issues facing property managers and their fraternal organizations.
    • A property insurance program that provides, in most cases, broader insurance coverage for less premium.
    • A biennial inspection that provides recommendations for physical plant improvements, addressing life safety and property conditions, along with completion of a replacement cost valuation.
    • Security of knowing coverage will still be available at an affordable rate even after a significant loss.

     

    What will the insurance coverage of FPMA include for participants?

    • Law and Ordinance Coverage
    • Business Personal Property
    • Equipment Breakdown Protection
    • Extra Expense
    • Business (Loss of Rents) Income

     

    Would you like a quote? Simply contact

    Holmes Murphy Fraternal Practice
    Marketing Department
    13810 FNB Parkway Suite 300
    Omaha, NE 68154

    Phone: (800) 736.4327
    Fax: (800) 328.0522
    Email: fraternalinsuranceapp@holmesmurphy.com

     

    Available Discounts
    FPMA Property Program Discount Flyer

    • 10% discount for employing a Professional Property Management Company
    • 5% discount for the completion of a Strategic Assessment with Pennington & Company
    • 20% discount for Safe, Modern, and Recent Technology (SMART) Facility (2010 or newer)
    • 10% discount for modern, safe facilities (2000 or newer)
    • 5% discount for multiple buildings
    • Increased All Other Peril Deductible (discount varies)
    • Fire sprinkler system (discount varies)
    • Leak Protection System (discount varies). Learn more about the options: Fraternal PipeBurst Pro

    To learn more about the discounts offered with the FPMA Program, please contact:
    Tim Regan, AVP Claims
    (800) 736.4327, ext. 4194
    tregan@holmesmurphy.com

    Disclaimer: Specific discounts are dependent upon program participation of each chapter facility and its supportive and governing entity (i.e. National Fraternity)

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Property – Fraternal Property Management Association (FPMA)