Propel is pleased to offer The Insurance Program for Association Housing (IPAH), a group property and casualty insurance program that provides high limits of coverage at rates more competitive than the traditional market. Created by the Affordable Housing Management Association (AHMA) and the Council for Affordable and Rural Housing (CARH), IPAH is available to owners, managers and developers of both affordable housing and conventional properties. The program currently consists of more than 1,000 locations and 40,000 housing units.

How does it work?
By grouping together properties that are the most inspected, most regulated and likely the least risky in their asset class, then implementing an effective risk management strategy, IPAH is able to offer members tremendous benefits, including ongoing loss prevention trainings as well as lower premiums. Currently, IPAH saves its members an average of 15% a year. Steady and controlled growth allows IPAH to continue its goal of reducing overall cost while increasing coverage limits.

What kind of coverage is included?
With IPAH, you’ll enjoy coverage that’s as good or better than you have now – including a minimum $25,000,000 in liability coverage from “A” rated carriers. The policy meets all HUD, USDA, Tax Credit and other affordable housing program requirements.

What if I’m not a member of AHMA or CARH?
If you’re not a member of either association, it’s simple to join. We can automatically enroll you as a member on a provisional basis. Binding coverage admits you automatically as a subscriber member. You may decide to become full voting members at any time during the initial term of coverage (1 year) – or any time thereafter.

Do I need to wait for my current policy to expire?
No. Your coverage through IPAH is binding immediately upon receiving the quote. You can cancel your existing policy at any time.