• How confident are you that you have the right coverage with no gaps or waivers?
  • Are your insurance costs climbing year after year with no clear explanation why?
  • Is volatility in the insurance marketplace driven by factors outside your control, putting pressure on your operations?

These are just some of the questions you may be asking yourselves. At Gallagher, we realize that navigating insurance can be challenging and high-cost for affordable housing developers.

That's where our exclusive affordable housing insurance program for CREA developers comes in. It's specifically designed to provide you with the right coverage with no gaps while taking the volatility out of your renewals.

Coverage gaps don't just cost you a premium: they pose a balance sheet risk. Our program was built to manage and ultimately remove that risk. The result: protection when you need it most at a competitive cost without having to worry about the potential impact to your business.

Why choose a program approach?

What happens next?

We will work in partnership with you to ensure you get the best deal from underwriters.

The key steps are as follows:

  • An initial conversation to identify what may be the best fit for you.
  • A short questionnaire that will take you less than ten minutes to complete. This will help us understand where the gaps and opportunities are in your current policy.
  • A discovery session built entirely around your portfolio in which we map your specific exposures.
  • A clear plan and path forward focusing on the specific coverage and cost levers that can lead to optimal underwriting outcomes.

What results can you expect?

Every developer's risk profile is different, but the right insurance strategy can create measurable value. The following examples show how tailored coverage, strong market relationships and proactive guidance helped developers lower costs, close gaps and strengthen protection across their portfolios.

Case 1: Comprehensive coverage, lower costs

A small developer with a single 36-unit property came to us from a standard admitted-carrier package. We not only reduced their insurance costs but also raised their limits and expanded their coverage beyond what they previously had in place.
Outcome: The developer lowered costs, strengthened protection and freed up capital to pursue more deals and take on new opportunities.

Case 2:
Competitive premiums despite claims history

A mid-sized developer with roughly 900 units came to us after a significant fire-related loss. We secured a 10% decrease in their property coverage costs while helping them maintain competitive terms despite their claims history.
Outcome: The developer avoided increases in general and excess liability, helping protect their budget after a challenging loss event.

Case 3:
Gaps closed, game changed

This time we partnered with a large developer, with 8,000 units across more than 30 states, following a $7.2 million claim that exposed a major coverage gap.
Outcome: The developer closed critical property, general liability and excess liability coverage gaps with no waivers and reduced premiums. Balance sheet risk was strengthened across its large, multi-state portfolio.

Ready to develop your insurance roadmap?

Although our program is specifically for CREA developers and affordable multi-family properties, other developers may also be considered through an approval process.

The right coverage. Less volatility. Lower cost.