It’s expected that seniors in this generation will live longer than seniors in previous generations.  This means that there is an increased need to provide senior living for individuals with a variety of needs.  Traditionally, nursing homes and assisted care facilities were places for aged populations who were unable to care for themselves alone.  Today, however, with a higher concentration of seniors and with seniors who are living longer than before, there are more individuals to care for.  The traditional nursing home or assisted care facility is no longer the only option.  Continuing Care Retirement Communities, or CCRCs, are cropping up all over the country.  These senior housing communities provide a place for social connections to flourish, for independent living to continue and for more choices.  CCRC property insurance has also come to fruition to provide coverage for this unique community type.

 Insurance that Reaches Beyond Traditional Senior Housing and Care Facilities

 A qualified insurance company, one that specializes in senior care, has a team of underwriters in place to design plans specific to CCRC property insurance.  As with all insurance, a policy for CCRC properties would be designed to reduce risk and ensure sustainability. Meeting with an agent who can provide you with the details of different policies and endorsements can offer more insights as well as pricing information.  In addition to CCRC coverage, the insurance company may also provide you with information for general liability, workers compensation, employee benefits liability, sexual misconduct, business auto and commercial property policies.