MPHA Property Insurance Renewal with HAPI Recommended

MPHA staff recommend renewing a comprehensive property insurance policy with Housing Authority Property Insurance (HAPI) for $1,281,866 for the 2026–2027 policy year. The coverage will insure over $1.16 billion in real and personal property, including terrorism and business interruption, at existing deductible levels.

Scope & details

The full contract record, as filed.

Contract amount

$1,281,866

Contract type

INSURANCE

Contract term

Policy year beginning September 1, 2026 (one-year term implied)

Renewal date

2027-08-31

Renewal

Renewal of existing HAPI property insurance at the same rate per $100 of insured value, with a premium increase driven by higher replacement costs and loss history; policy year begins September 1, 2026 and may be renewed annually thereafter.

Document type

AgendaPacket

Source document

Minneapolis Public Housing Authority AgendaPacket 2026-08-26

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PHA in and for the city of Minneapolis, MinnesotaApproximately $.2688 per $100 of total insured values (~$205 million property coverage), 2023-2024 premium increased by 16% from prior yearSep 27, 2023

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by PHA in and for the city of Minneapolis?

Housing Authority Property Insurance Hapi was awarded this insurance contract by PHA in and for the city of Minneapolis, as recorded on August 25, 2026. The contract value is $1,281,866.

How much is the Housing Authority Property Insurance Hapi contract with PHA in and for the city of Minneapolis worth?

The Housing Authority Property Insurance Hapi contract with PHA in and for the city of Minneapolis is valued at $1,281,866, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Minneapolis Public Housing Authority AgendaPacket 2026-08-26 (AgendaPacket), dated August 25, 2026 from PHA in and for the city of Minneapolis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Housing Authority Property Insurance Hapi hold?

Housing Authority Property Insurance Hapi may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Housing Authority Property Insurance Hapi's profile

What is PHA in and for the city of Minneapolis currently buying?

Explore PHA in and for the city of Minneapolis's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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