Chubb Group has introduced a new commercial multi-peril package insurance policy called MarketEdge for Habitational Real Estate, for apartment building owners and co-op and condominium associations.
The insurance provider Chubb said the solution provides property, casualty, workers compensation, automobile and umbrella liability insurance coverages to policyholders.
Chubb said agents and brokers can access its MarketEdge for Habitational Real Estate through Metro Insurance Services, which will manage all underwriting and policy servicing.
Initially, the policy is available in Delaware, Maryland, New Jersey, New York, Ohio and Pennsylvania with plans to introduce in other states throughout 2011.
Metro chairman, president and CEO Steven Gross said the new MarketEdge policy, combined with an electronic platform that lets the company rate, quote and issue a policy, creates an ease of doing business with producers.