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New York City Housing Authority·New York

Property and Terrorism Insurance

Closes 8/12/2026$500k – $5MRequest for Quotation
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Description

The New York City Housing Authority is seeking qualified insurance carriers to provide primary and excess property and terrorism insurance coverage effective October 30, 2026. This is a negotiated acquisition where carriers must submit formal quotations by the specified deadline. The scope includes delivering comprehensive property‑risk insurance that meets NYCHA’s specifications for coverage limits, deductible structures, and policy terms. The award will result in a long‑term insurance contract with the city’s public housing portfolio. • Provide primary and excess property & terrorism insurance coverage for NYCHA’s portfolio. • Submit formal quotations per the Invitation for Bids package by August 12, 2026 (3 PM EST). • Coverage to become effective October 30, 2026; contract likely for a multi‑year term.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Brendan Osean(Insurance Broker)

[email protected]

(973) 886-8634

Key dates

Opened
7/14/2026
Closes
8/12/2026

Last updated

Details

Type
Request for Quotation
Industry
Insurance
NAICS
524126
Solicitation №
PIN#PROP/TERR26-27

Budget estimate

$500,000 – $5,000,000

The contract will likely involve a substantial premium base covering NYCHA’s extensive housing portfolio, which could range from several hundred thousand dollars to multiple millions annually. Assuming a one‑year coverage premium of $1‑5 million and a typical insurer margin of 10‑20%, the net revenue to the winning carrier could be roughly $500,000‑$5,000,000. Factors influencing the range include the total insured value, coverage limits, deductible selections, and any multi‑year extensions.

AI estimate from the solicitation

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