Apartment Building Insurance for Buildings With 6 or More Units
For owners, investors and LLCs holding multifamily buildings — walk-ups, garden-style communities and mid-rise buildings. Quoted as commercial property, not as a landlord policy.
Who we quote
- Owners of apartment buildings with six or more residential units
- Multifamily investors with one building or a portfolio
- Landlords who have outgrown a dwelling or landlord policy
- Real estate investment companies and LLCs that hold multifamily property
- Property managers gathering quotes on behalf of an owner
Coverage options that may apply
Every carrier builds its multifamily program differently, and none of these coverages is automatic. We go through each one with you and show it line by line on the quote.
- Building / property coverage — replacement cost or actual cash value for the structure, including common areas and fixtures you own
- Premises liability — injuries in hallways, stairs, parking lots, pools and other common areas
- Loss of rental income — rent you cannot collect while the building is repaired after a covered loss
- Equipment breakdown — boilers, water heaters, HVAC, elevators and electrical systems
- Ordinance or law — demolition and the extra cost of building to current code after a covered loss
- Additional coverage where available — umbrella or excess liability, crime and employee dishonesty, hired and non-owned auto for staff, and separate flood or earthquake policies
Buildings we see most
| Building type | What underwriters focus on |
|---|---|
| 6–12 unit walk-up | Age of the roof, wiring and plumbing; heating type; stairs and handrails |
| 12–50 unit garden-style community | Number of buildings, distance between them, pools and playgrounds, parking-lot lighting |
| Mid-rise (four or more stories) | Construction class, sprinklers, fire alarms, elevators |
| Mixed-use with apartments above retail | What the commercial tenants do, especially cooking |
What to have ready
- Address of each building and the number of units
- Year built and construction type (frame, masonry, fire-resistive)
- Years of the latest roof, electrical, plumbing and HVAC updates
- Current rent roll and occupancy
- Five years of loss runs from your current carrier
- Current declarations page, if you have one
Other buildings you own
If the same LLC owns retail, office or mixed-use buildings, they can be quoted alongside the apartments. See commercial property insurance.
Common questions
Why can’t I keep my building on a landlord or dwelling policy?
Dwelling and landlord programs are generally built for one- to four-unit properties. Once a building has five or more units it is normally rated and written as commercial property, with a commercial liability form, which is why we quote larger buildings through commercial carriers.
Does the policy cover my tenants’ belongings?
No. Your policy covers the building and your own property, such as common-area furniture or appliances you supply. Tenants need their own renters policy, and many owners require it in the lease.
What is loss of rents coverage?
If a covered loss, such as a fire, makes units unlivable, loss of rents (a form of business income coverage) can replace the rent you would have collected while repairs are made, up to the limit and time period in the policy.
Can I insure several buildings on one policy?
Often, yes. Carriers can schedule multiple locations on one policy and sometimes offer a blanket limit across them. Each building still has to meet the carrier’s eligibility rules.
My property manager is asking for a quote. Can they work with you?
Yes. We can work with a property manager who has the owner’s authorization. The policy is issued to the owner or the owning entity, and the manager can be added as an additional insured where the carrier allows.
States where we quote apartment building insurance
Insurance guides
- What Insurance Does a 12-Unit Apartment Building Need?
A practical checklist for owners of a 12-unit building — the coverages that matter, the ones people forget, and what underwriters will…
- How to Request Insurance for a 24-Unit Apartment Building
The documents and details that get a 24-unit building quoted quickly — and the questions that slow it down.
Del Toro Insurance is an insurance agency. Coverage is subject to policy terms, underwriting approval and availability in your state; not every coverage described is available in every state or for every property or business.
Trucking, transportation and contractors
Cargo vans, box trucks, hot shot, semi trucks and contractor insurance (commercial auto, general liability and workers' comp) are quoted by our specialist team at dannyruizmyagent.com.
- Contractor Insurance (Auto, GL, Workers' Comp)
- Cargo Van Insurance
- Box Truck Insurance
- Hot Shot Insurance
- Trucking & Semi Truck Insurance
Send us your rent roll and loss runs to start a quote
Call, message us on WhatsApp or request your quote online. We work in English and Spanish.