Apartment building and commercial landlord insurance

Apartment building insurance is a commercial property and liability package for owners of multi-unit residential and mixed-use buildings, covering the building, loss of rents, premises liability and related exposures such as equipment breakdown and crime. Buildings with five or more units are generally insured on commercial forms rather than personal landlord policies.

What we cover for property owners

• Building replacement cost with ordinance or law coverage
• Loss of rents during repairs
• Premises liability for tenants, guests and vendors
• Equipment breakdown for boilers, elevators and HVAC
• Water damage and sewer backup endorsements
• Earthquake and flood, quoted separately
• Commercial umbrella for higher liability limits

Lender and investor requirements

Commercial lenders and investor groups often have specific requirements for limits, deductibles, mortgagee clauses and named insureds, especially when properties are held in LLCs. We review your loan documents and operating agreements so the policy satisfies every party.