Habitational Insurance Program
built for Apartment Risks
Greenwood General is a wholesale MGA giving retail insurance agents and brokers direct access to habitational insurance markets for apartment buildings, condo associations, apartment hotels, and habitational lessors risk.
Target Classes & Eligible Risks
A focused habitational appetite built for brokers who regularly place habitational risks and need a dependable, clearly defined habitational insurance market — from single buildings to full schedules of locations.
Core habitational classes the program is built around. If an account sits close to appetite but doesn't fit neatly, submit it — underwriting reviews near-miss habitational accounts individually.
- Apartment buildings
- Apartment buildings — NOC
- Condo associations
- Apartment hotels
- Lessors risk (habitational)
- Schedule of locations (multiple buildings)
Coverage availability varies by class and tier. For full eligibility, use "View state eligibility."
Habitational Insurance Markets by Property Valuation
Total Insurable Value routes each habitational submission into the right market tier — so turnaround, pricing expectations, and workflow stay predictable. Select a tier to view quote turnaround, building age guidelines, minimum premiums, and capacity.
Properties valued up to $1.5M
Same-day quotes
The fastest lane for small habitational schedules — apartments and condo associations with no building age restriction and up to 10 locations per account.
Properties valued up to $5M
2–5 business days
Ideal for mid-size habitational schedules that need competitive pricing and predictable review timelines — per-location TIV up to $5M.
High-TIV & hard-to-place
Up to 2 weeks
For larger or more complex habitational schedules — a high-TIV market up to $20M per location, plus a hard-to-place lane from $7M to $60M TIV per location with dedicated underwriting support.
Commercial Coverage for
Habitational Risks
Property, general liability, and commercial package options structured around how habitational accounts are actually written — monoline where you need it, packaged where it makes sense.
Commercial Property
Habitational property insurance for buildings, contents, and rental income, with per-location TIV lanes from small schedules up to $60M. Valuation and form options vary by carrier and tier.
General Liability
Habitational general liability for premises exposures — slips and falls, common areas, pools, and tenant operations. Monoline GL available with minimum premiums from $3,000.
Commercial Package Policy
Property and general liability combined in a single habitational package placement — one submission, one underwriter, minimum premiums from $5,000.
Schedule of Locations
Multi-building and multi-location habitational schedules written on one account — up to 10 locations on the small tier, larger schedules through the high-TIV lanes with a Statement of Values.
Habitational Lessors Risk
Lessors risk options for habitational building owners. For non-habitational LRO and mixed-use accounts, see our commercial property and E&S markets.
Excess & Related Lines
Need excess liability over the habitational GL, or coverage for an adjacent exposure? Greenwood General places excess, umbrella, and specialty lines through its broader wholesale commercial insurance markets.
What Underwriting Looks For
What our habitational underwriters review on every submission — and how to get quoted faster. When in doubt, submit; near-miss accounts are reviewed individually.
Roof, electrical, plumbing & HVAC updates
Include update years on every building, especially for older construction. Documented updates are the single biggest accelerator for older-building approvals.
Loss history
Currently valued loss runs (3–5 years) with a short narrative on any large loss and the remediation completed.
Occupancy
Unit count, occupancy percentage, and any commercial or mixed-use tenancy. Disclose vacancy up front — undisclosed vacancy is a common reason quotes stall.
Construction & protection
Construction class, stories, year built, protection class, and protective safeguards (smoke detection, sprinklers, security).
Complete ACORD forms
Submit ACORD 125, 140, and 126 in full — incomplete applications are the most common cause of delayed habitational quotes.
Attach a Statement of Values
Include an SOV for any schedule of locations, with per-building values rather than one blended number.
Use realistic valuations
Price to true replacement cost. Understated TIV triggers re-rating and slows the file.
Flag target premium & effective date
Call both out in the submission email so underwriting can prioritize and route the file correctly.
How to Submit a Habitational Risk
A clean submission is the fastest path to a bindable habitational quote. Here's the workflow, exactly what to include, and what slows files down.
Why Brokers Place Habitational Risks Through Greenwood General
Placing habitational business through a wholesale MGA means access to E&S capacity, appetite knowledge, and speed that retail agents can't reach direct.
Habitational Insurance Program FAQs
Straight answers to the questions brokers ask most before submitting a habitational account.
What is the Greenwood General habitational insurance program?
It is a wholesale habitational insurance program that gives retail agents and brokers access to habitational insurance markets through A-rated, non-admitted carriers. Submissions are routed into underwriting lanes by Total Insurable Value (TIV), with capacity up to $60M TIV per location and same-day quotes on the small-schedule tier.
Who can submit to the habitational insurance program?
Retail insurance agents, commercial insurance brokers, independent agencies, and producers. You do not need to be appointed with Greenwood General before submitting — send the risk first, and complete the appointment if you decide to move forward.
What habitational risks are eligible?
Apartment buildings, apartment buildings NOC, condo associations, apartment hotels, habitational lessors risk, and schedules of locations with multiple buildings. Eligibility varies by TIV tier and state.
Can older apartment buildings qualify?
Yes. The tier for properties valued up to $1.5M TIV has no building age restriction. Older buildings in higher tiers are reviewed individually — include roof, electrical, plumbing, and HVAC update years in the submission to speed up underwriting.
What ACORD forms are required?
A complete submission typically includes the ACORD 125 (Commercial Insurance Application), ACORD 140 (Property Section), and ACORD 126 (Commercial General Liability Section), plus the habitational GL supplemental application.
When is a Statement of Values (SOV) required?
Provide an SOV for any schedule of locations or multi-building account. List each location's address, construction, year built, stories, units, updates, and building, contents, and rental income values.
Do I need loss runs to get a quote?
Currently valued loss runs — typically 3 to 5 years — are strongly recommended and produce the fastest, firmest quotes. Underwriting may request loss runs before releasing or binding a quote, especially on larger schedules.
What is the quote turnaround time?
Same-day quotes for properties valued up to $1.5M TIV, 2–5 business days for properties up to $5M TIV, and up to 2 weeks for higher-valued or more complex schedules.
What is the minimum premium?
On the small-schedule tier, minimum premiums start at $3,000 for monoline general liability and $5,000 for package policies. Larger tiers are priced by underwriting based on the account.
What is the maximum TIV the program can handle?
The high-TIV lane handles properties up to $20M TIV per location, and the hard-to-place lane extends capacity from $7M up to $60M TIV per location.
How many locations can be scheduled on one account?
The small-schedule tier accepts up to 10 locations per account. Larger schedules of locations are routed to the mid-size and high-TIV lanes with underwriting review.
What states is the program available in?
The program is currently available in 45 states — use the "View state eligibility" button above for the current list. The mid-size tier (up to $5M TIV) is not available in Iowa. Greenwood General is licensed in 47 states overall.
Are the carriers admitted or non-admitted?
The program is written on A-rated, non-admitted (excess and surplus lines) paper. Surplus lines taxes and fees apply and vary by state.
Do you offer habitational package policies?
Yes. Brokers can place commercial package policies combining property and general liability, or monoline general liability. Package minimum premium starts at $5,000 on the small-schedule tier.
Can condo associations qualify?
Yes. Condo associations are a target class in the program alongside apartment buildings, apartment hotels, and habitational lessors risk.
Do you accept apartment hotels?
Yes. Apartment hotels are within the program's target classes and are routed by TIV like other habitational submissions.
Do you accept vacant apartment buildings?
Vacant apartment buildings fall outside the standard program tiers, but Greenwood General reviews vacant property risks through its broader commercial property markets. Disclose vacancy up front and submit the account for review.
Is habitational lessors risk eligible?
Yes. Habitational lessors risk occupancies are a target class. Include tenant mix, lease details, and occupancy percentage in the submission.
What construction types are considered?
Frame, joisted masonry, masonry non-combustible, and fire-resistive apartment buildings are all commonly reviewed. Construction class, protection class, updates, and protective safeguards factor into carrier selection and pricing.
How do I submit a habitational risk?
Submit online through the Greenwood General risk submission portal with completed ACORD forms, the habitational supplemental application, an SOV for schedules, and currently valued loss runs. Submissions are routed to the correct TIV lane the same day.
Is premium financing available?
Yes. Greenwood General offers in-house premium financing, which helps brokers close habitational accounts without waiting on a third-party finance company.
Why place habitational risks through a wholesale MGA?
A wholesale MGA gives retail brokers access to excess and surplus lines capacity, habitational underwriting expertise, and carrier appetite knowledge they cannot reach directly. That means more options for standard accounts and a real market for hard-to-place habitational risks.
Have a habitational account ready to place?
Send it today — no appointment required. Complete submissions on the small tier are typically quoted the same day, and every account gets routed to a dedicated habitational underwriter from submission to bind.