Habitational Programs

CMA Program Description


Coverage to be provided for each client in the CMA, Inc Real Estate Program. Please note the program period is August 15 to August 15 or February 15th to February 15th. The annual premium will be prorated from the inception date to August 15 or February 15th, whichever is later.


Property Insurance:

  1. Building: meaning the building or structure including completed additions, fixtures including outdoor fixtures, permanently installed machinery and equipment, and personal property owned by the insured that is used to maintain the building or premise. Each location limit to be specified in the schedule. Covered cause of loss: Special form including flood and earthquake. Valuation: replacement cost. Coinsurance: NIL, Agreed Amount endorsement applies. AOP Deductible $5,000.
  2. Business personal property: located in or on the building or in the open within 100 feet of the described premise including furniture and fixtures, machinery and equipment, stock, and all other personal property owned by the insured and used in the insured's business and leased personal property for which the insured has a contractual responsibility to insure. Valuation: replacement cost. AOP Deductible $5,000.
  3. Business income including rental value: including expenses to reduce further loss and civil authority. Civil authority coverage beings 72 hours after the time of the action and will apply for a period of up to 3 consecutive weeks. Valuation: actual loss sustained for up to 545 days, subject to policy limit.
  4. Ordinance or Law: Coverage A (loss to the undamaged portion of the building) included within the building limit; Coverage B (demolition cost) up to $5,000,000; Coverage C (increased cost of construction) up to $5,000,000.
  5. Flood and Earthquake: $5,000,000 subject to $25,000 deductible. Each loss occurring within 72 hours will constitute a single loss. Backup of sewers and drains are included in the definition of flood however will be subject to a $5,000 deductible. Excludes zones A, AE, V and X for flood.
  6. Terrorism: available for certified acts.

General Liability Insurance:

  • Each Occurrence Limit: $1,000,000.
  • Damage to Premise Rented to you: $100,000.
  • Medical Expense Limit: $5,000.
  • Personal and Advertising Injury Limit: $1,000,000.
  • General Aggregate Limit: $2,000,000.
  • Products and Completed Operations: Included
  • Hired and Non Owned Auto Liability: Included
  • Employee Benefits Liability: $1,000,000.


  1. War liability
  2. Violation of statutes that govern emails and faxes
  3. Designated professional services — real estate agents E&O
  4. Y2K and other computer related losses
  5. Nuclear energy
  6. Total pollution with exception for hostile fire
  7. Discrimination
  8. Asbestos
  9. Employment discrimination and related practices
  10. New entities




  1. Limitation of coverage to designated premises
  2. Contractual liability limitation endorsement
  3. Aggregate limit per location
  4. Knowledge of occurrence, notice of occurrence and unintentional E&O
  5. Blanket Additional Insured: mortgagee, assignee or receiver
  6. Blanket Additional Insured: managers or lessors of premise

Boiler & Machinery Insurance:


Coverage: Comprehensive Form covering Boilers, Pressure Vessels, Mechanical & Electrical Machines including Air Conditioning, Refrigeration Equipment, Electrical Apparatus and Electronic Computer or Electronic Data Processing Equipment excluding Production Machines.


Combined Limit Per Accident: $25,000,000. Property Damage Including Property in the Insureds Care Custody & Control.


Sub Limits:

  • $100,000 Water Damage
  • $100,000 Ammonia Contamination
  • $100,000 Expediting Expense
  • $25,000 Consequential Loss
  • $25,000 Data & Media (PD & BI)
  • Included Errors & Omissions
  • $500,000 Ordinance or Law
  • $5,000,000 Utility Interruption

Business Interruption: Combined with PD. Combined Bus. Including Extra Expense & Ordinary Payroll.



  • Repair or Replacement  -  Property Damage
  • Actual Loss Sustained  -  Combined BI & Extra Expense
  • Actual Cash Value  -  Objects 30 years or older


  • $5,000  -  Property Damage
  • 24 Hours  -  Business Interruption/Extra Exp
  • 24 Hours  -  Utility Interruption (24 Hour W.P.)

Commercial Umbrella Insurance:


Coverage: Umbrella Liability  -  Occurrence Form


Limits 1st Layer:

  • $25,000,000  -  per occurrence
  • $25,000,000  -  products completed operations aggregate
  • $25,000,000  -  general aggregate, all other coverage combined per location/per insured

2nd Layer:

  • $25,000,000  -  excess of primary
  • $10,000  -  self insured retention

The above limits are excess of the following underlying limits which defense costs are in addition to the limits of liability


General Liability  -  $1MM/$2MM/$1MM per location general aggregate
Automobile  - $1,000,000 CSL
Terrorism  -  $1,000,000 underlying or retained limit
Employers Liability  -  $1MM/$1MM/$1MM


Underlying carriers must be A-VII or better and approved


Terms: August 15th to August 15th. Additions to be prorated to expiration.


Exclusions: OD, ERISA, Care custody control real and personal, UM/UIM/no fault, products recall, Employment related practices, Discrimination, Asbestos, Absolute pollution exclusion with hostile fire exception, Prior acts, Designated operations or work performed (construction or development operations), Real estate agents E & O, Medical payments, Mold and fungi — NYS exception with $1,000,000 underlying retained limit.


Follow form: Named insured, Employee Benefits (where applicable), Lead Liability (where applicable), D & O (where applicable), Auto liability follow form. CMA PROGRAM HIGHLIGHTS





  • Luxury condominium, cooperative, rental and mixed use buildings
  • Territory: New York and New Jersey (Bronx subject to individual underwriting)
  • Must be 90% occupied
  • No Section 8 or Government Subsidized Housing
  • Must be Joisted Masonry or better — no Frame construction
  • No coastal locations for property portion but will consider for monoline GL
  • Coastal will be reviewed individually and subject to a wind deductible of 5%

Underwriting Criteria:

  • 5 years loss history
  • Completed data sheet
  • Must have 2 means of egress
  • HPD report showing no lead or mold violations and only minor A & B if any
  • Property Shark will be used to verify building information
  • ITV Requirements: JM $95/ NC $105/ FR $150
  • Minimum premium $10,000
  • Risk must not have been previously submitted to any of the providing carriers


  • Property policy has a per location limit of $25,000,000. Other markets available for higher limits
  • General liability is silent on lead and mold
  • Umbrella is follow form on lead


  • General liability is based on unit count and square footage for merc and parking
  • Property is rated on value for respective construction
  • Boiler is rated per vessel + $35 filing fee
  • Umbrella is rated per unit and square footage for merc/parking
  • $300 inspection fee applies per location

Policy Terms:

  • General Liability: 8/15-8/15 or 2/15-2/15
  • Property: 8/15-8/15 or 2/15-2/15
  • Umbrella: 8/15-8/15
  • Boiler: 10/1-10/1 or 3/20-3/20