Subsidized & Affordable Housing

Owning a low-income apartment building or cooperative proves a reliable income stream in many cases, but it’s not without serious potential downsides that could threaten your long-term fiscal security.

At Fenimore Insurance we are proactive in crafting custom policies. It is our job as a real estate-exclusive boutique to keep you covered, and we have the experience to know that — when it comes to Subsidized and Affordable Housing — a basic cookie cutter policy is not enough. We can help you to start from scratch, or we can check up on your existing policy to ensure an economical and all-inclusive plan that best suits the needs of your government-subsidized property.

The following properties are eligible for our custom policy program:

  • Apartment Buildings
  • Multifamilies
  • Cooperatives
  • Low- & High-Rise Housing
  • Subsidized Senior & Disabled Housing
  • Public & Private Housing
  • Sober Living Facilities
  • Transitional Housing
  • Private/For-Profit
  • Non-Profit Housing

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Protect your future The Fenimore Way.

Why Fenimore

What is the worst-case scenario?
Take your pick:

More and more people are investing in multifamiliy buildings, but without comprehensive insurance coverage you might just be burning a hole in your wallet. Apartment owners often have to learn the hard way that nothing is “routine” when it comes to, for instance, ‘routine’ plumbing or electrical updates. We’ve worked with owners who have seen simple maintenance calls sprawl into full-on systems overhauls and complex builds required to meet code. Without proper coverage, time-consuming jobs like these can demand thousands in labor costs and result in the loss of rental income until completion. In other words, your investment can badly backfire.

If that’s not rough enough of a scenario for you — consider this: without the right coverage a property owner can actually do worse than simply watching their investment swirl around the drain. For example — even if you are an owner who outsources a third party to screen and approve public housing tenants, you can be named in a housing discrimiation suit if you don’t have appropriate liability coverage. And even if you outsource management of your property’s daily functions to a third party — and do little more than collect checks — you might be subject to constant, daily risk with every passing hour. Without the right coverage, your investment can not only threaten your long-term fiscal stability, it can land you in court, and follow you around. Not fun.

Luckily, we know how to help. Our comprehensive Subsidized & Affordable Housing policy package options include:

  • Property
  • General Liability
  • Rental Loss
  • Subsidy Loss
  • Professional Liability
  • Housing Discrimination Liability
  • Crime & Abuse [Tenants]
  • Cyber Liability
  • Monoline Coverage
  • Property Manager & Auto Coverage
  • Flood & Earthquake
  • Blanket Building
  • Sewer Back Up
  • Equipment Coverage
  • Assault & Battery
  • Firearms Liability
  • Animal Liability


These features represent some of the coverage options we offer for Subsidized & Affordable Housing properties.
Contact Fenimore Insurance today to learn more about our flexible programs and competitive rates.

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Connect with our insurance specialists today.