Property Coverage
Hospital-specific property insurance is very unique in the marketplace. What a hospital needs in property coverage is very different from what other businesses typically need – different coverage limits, different ways of scheduling equipment, with more options required than a typical commercial property policy.
THIE’s property insurance is not simply a general business insurance policy modified to fit hospitals’ needs. THIE’s custom program is created specifically for the unique and complex insurance demands of the hospital market. Both public and private hospitals are eligible.
THIE property insurance includes coverage for:
- Contamination (bio, disease and radioactive);
- Crisis management emergency response expense;
- Emergency patient evacuation expense;
- Home health care equipment; and
- Mobile medical diagnostic equipment.
THIE Partners with the Best
THIE partners with Dallas-based Republic Insurance Group for property coverage, which is administered by Stone Oak Underwriters LLC of San Antonio. Both longstanding Texas-based companies, Republic and THIE share a commitment to the highest-quality service and products. The partnership combines Republic’s specialization in property insurance with THIE’s specialization in the hospital market. Learn more about Republic Insurance.
Standard Features and Coverage
- Blanket building and contents (with signed statement of values);
- Business interruption – business income and extra expense;
- Deductible options;
- Off-premises utility failure;
- Replacement cost coverage; and
- Special causes of loss coverage form.
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Questions? Contact us.
Texas Hospital Association
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