Multi-Family Rental Insurance
Insurance for duplexes, triplexes, and apartment buildings.
Typical cost: $2,000 – $10,000+ per year
Multi-Family Rental Insurance
Multi-family rental insurance covers apartment buildings, duplexes, triplexes, and larger multi-unit properties. Coverage scales with the number of units and total value, with additional considerations for common areas and building systems.
Commercial vs. Residential
Smaller multi-family properties (2-4 units) may qualify for residential landlord policies. Larger buildings typically need commercial property insurance with higher limits and broader coverage options.
What's covered
Building Coverage
Covers the entire multi-unit structure and common areas.
Liability Coverage
Protects against claims from tenants and visitors in all units.
Loss of Income
Covers lost rent from multiple units during repairs.
Building Systems
Covers HVAC, plumbing, electrical, and elevator systems.
Common Area Liability
Covers injuries in hallways, parking lots, and shared spaces.
Tips
- • Larger buildings need commercial property insurance
- • Umbrella policy essential with multiple tenant liability exposure
- • Require all tenants to carry renters insurance
- • Cover full replacement cost—multi-family construction is expensive
- • Consider ordinance coverage for older buildings
Other landlord insurance types
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