Apartment Building Insurance Broker

Multifamily insurance brokers assist building owners with identifying and sourcing appropriate insurance coverage for buildings that contain multiple rental units. Owners of buildings with five or more apartment units purchase multifamily insurance to protect against unforeseen damage to a building (typically from fire or severe weather), injury to people while on the premises, and loss of rental income while apartment units are being renovated in the aftermath of a covered loss. Insurance carriers rarely use the term “multifamily insurance” to describe a given policy. Instead, carriers use various other phrases to refer to this sort of coverage. The primary ones are Commercial Property Policy, Business Owner Policy, Commercial Package Policy or simply an Apartment Policy.