Worth Ave. Group - Providing peace of mind to consumers for over 50 years.
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Property Management Partnerships

Senior Living Housing
Resident Damage Liability Program

Protect Your Senior Living Community from Property Damage

Predictable Protection. Embedded Directly into Rent. Reduced Operational Risk.

In senior and assisted living housing communities, there is an increased risk for property damage due to age or mobility issues. An unattended stovetop, a bathroom overflow, or smoke damage from kitchen mishaps, even minor in-unit incidents can quickly create significant financial and administrative strain.

When residents are uninsured or underinsured (and often living on fixed incomes) repair costs frequently revert back to property ownership. The result: delayed recovery, increased loss ratios, and unnecessary friction with families. Worth Ave. Group is here to help!

Customize your program & strengthen your risk management

By partnering with Worth Ave. Group, you can create a seamless property protection built into your lease model. Peace of mind for you, tenants and their family.

Senior Living Property Insurance What's Covered?



Property Damage Waiver / Liability
$100,000 in Coverage

Protects your building when damage is resident-caused, including:

  • Fire, smoke, explosion, water damage, & sewer back-up
  • Apartments, Townhomes, Condos, Houses, etc. - we'll cover it!
Personal Contents Coverage
Up to $20,000 Per Resident

Belongings
  • Clothing, Linens, & Jewelry
  • Televisions & Electronics
  • Phones, Laptops, & Tablets
  • Furniture
  • Appliances
  • Sports & Music Equipment
  • Medical & Mobility Equipment
Perils
  • Theft
  • Vandalism
  • Fire
  • Flood
  • Natural Disasters
  • Power Surge By Lightning
Benefits Included
  • Comprehensive coverage with unlimited claims and low deductibles
  • Renters insurance doesn't cover floods - we do!
  • Fully licensed U.S. agency with 50+ years in business
  • Underwritten by an A.M. Best "A" rated underwriter, a Fortune 1000 company
  • Dedicated customer and claims support
Operational Advantages for Property Managers
  • No chasing proof of coverage at the time of an incident
  • Liability reimbursement checks are directly sent to the interested parties
  • Minimal administrative effort
  • Faster, cleaner claims process
  • Reduced friction with residents and adult children
  • Potential positive impact on master policy performance
  • Collect an administrative fee - boost revenue - NOI net operating income

 
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