Apartment buildings
Apartment building insurance for single properties and portfolios
Property and liability insurance for owners of walk-ups, multifamily buildings, and larger apartment portfolios.
Underwriters review apartment buildings one at a time, using occupancy, construction, systems, values, protection, and loss information.
Who this covers
- Single apartment buildings
- Multifamily portfolios
- Older urban walk-ups
- Elevator buildings
- Properties with resident amenities or building staff
What underwriters look at
- Replacement cost (estimated cost to rebuild, subject to policy terms) and rental value (rental income exposure after a covered loss)
- Premises liability
- Ordinance or law (coverage for certain code-upgrade costs after a covered loss)
- Equipment breakdown (coverage for certain mechanical or electrical failures)
- Water-damage controls
- Commercial umbrella and workers’ compensation, when applicable
Common questions
Why do underwriters ask about building systems?
Electrical, plumbing, heating, roof, elevators, and life-safety systems can influence the frequency or severity of property and liability losses.
Does building coverage include lost rent?
Not automatically in every circumstance. Review the quoted business-income or rental-value terms, period, limits, exclusions, and waiting periods.
Can several buildings be quoted together?
Often they can be presented as a portfolio, but ownership, geography, values, occupancy, and what each insurer accepts determine whether one policy or several are used.
Start a conversation
Tell us about the apartment building.
Share the details and current coverage you already have. We’ll tell you what else is needed.