Apartment Building Expertise
Apartment buildings have different risks than single-family rentals. We help review building coverage, liability, loss of rents, and other important coverage options.
Apartment Building Insurance for California Property Owners
Protect your apartment building, rental income, and liability exposure with coverage designed for multifamily property owners.
Multiple Insurance Companies
Apartment Building Specialists
WHY CALICO
Insurance guidance for apartment owners, landlords, and investors
Multiple Carrier Options
As an independent agency, Calico can help compare apartment insurance options instead of being limited to one insurance company.
Coverage Before Price
The cheapest policy is not always the best policy. We help you understand what is covered, what is excluded, and where gaps may exist.
What does apartment building insurance cover?
Building Coverage
Helps protect the apartment structure, attached features, and covered building property.
General Liability
Helps protect against covered injury or property damage claims involving tenants, visitors, or others.
Loss of Rental Income
Can help replace lost rent when a covered loss makes units temporarily uninhabitable.
Ordinance or Law
Important for older buildings where code upgrades may be required after a covered loss.
Equipment Breakdown
Can help with covered breakdowns involving equipment such as boilers, electrical systems, or mechanical systems.
Umbrella Liability
Provides an extra layer of liability protection above your underlying apartment policy limits.
PROPERTY OWNER RISKS
Common risks apartment building owners should plan for
Apartment owners face property, liability, income, and tenant-related risks. A strong insurance program should be designed around the building, location, age, construction, occupancy, and ownership structure.
Fire damage
Water damage
Tenant injury claims
Loss of rents
Older building issues
Code upgrades
How much does apartment building insurance cost?
Apartment insurance pricing depends on the building and the risk. The best way to know your cost is to request a quote, but these are the common rating factors insurance companies review.
Building Details
Year built, construction type, square footage, roof, plumbing, electrical, heating, and number of units.
Location
Fire exposure, brush risk, crime, weather, earthquake exposure, and local claims patterns can all affect pricing.
Coverage Choices
Building limits, liability limits, deductibles, loss of rents, ordinance or law, and optional endorsements impact premium.
Want pricing for your apartment building?
Start QuotePROPERTY TYPES
Types of apartment buildings we can help with
IMPORTANT COVERAGE GAP
Does apartment building insurance cover earthquake damage?
Standard apartment building insurance usually does not cover earthquake damage. If you own an apartment building in California, commercial earthquake insurance may be an important part of your risk management plan.
Apartment Building Insurance FAQ
What is apartment building insurance?
Apartment building insurance is commercial property insurance designed to protect multifamily rental properties, including the building, liability exposure, and other optional coverages.
Does apartment insurance cover tenant belongings?
No. Tenants typically need renters insurance for their own personal property.
Does apartment insurance cover loss of rental income?
Loss of rental income may be available when a covered loss makes units uninhabitable. It should be reviewed carefully when choosing coverage.
How much liability coverage should an apartment owner carry?
That depends on the property, ownership structure, assets, and risk tolerance. Many apartment owners also consider umbrella liability coverage.
Is earthquake insurance included?
Usually no. Earthquake coverage is commonly excluded and must be purchased separately.
Can older apartment buildings be insured?
Yes, but older buildings may require more underwriting information and may need careful review of building updates, replacement cost, and ordinance or law coverage.
Protect your apartment building investment
Start your quote online or call Calico Insurance Services for help reviewing your options.