General Liability – Residential Property Management Association (RPMA)
What is the Residential Property Management Association?
General Liability Insurance Program for Owners of Student Housing
Owners of student housing present unique exposures to risk that can be challenging to manage and even more difficult to properly insure. Holmes Murphy’s Residential Property Management Association (RPMA) provides solutions to both these issues. RPMA is an Illinois association formed to provide deep risk management and educational resources and access to customized property and casualty insurance products for owners of student housing and other multi-family real estate. The RPMA Liability Insurance programs provide comprehensive liability protection specifically designed for owners of student housing. Many policies have restrictive coverage that may leave an owner with significant gaps in coverage.
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RPMA Liability Program Highlights
- A- or better-rated insurance carriers
- No exclusions for Assault & Battery and Sexual Assault, Molestation and Physical Abuse
- Hired & Non-owned Auto Liability
- Expenses paid in addition to the limit of liability
- Limits provided on a per location basis
- Low deductible of $2,500
Program Specifications
Policy Limits:
| Each Occurrence | $1,000,000 |
| Annual Aggregate | $2,000,000 |
| Products/ Completed Operations Aggregate | $1,000,000 |
| Personal/Advertising Injury Limit | $1,000,000 |
| Fire Legal Liability | $1,000,000 |
| Medical Payments | Excluded |
Optional Excess Limits
| Each Occurrence | $1,000,000 |
| Annual Aggregate | $1,000,000 |
To get started, 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