Multi-Family Property Insurance
Specialized coverage for 2-4 unit buildings and larger complexes where coverage scales with property size.
Key Benefits
Coverage scales with property size and complexity
Covers common areas and shared spaces
Liability protection for multiple tenants
Loss of rental income for vacant units
Often includes HOA-type coverages
Ideal For
2-4 unit building owners
Apartment complex owners
Multi-family property investors
Properties with shared common areas
Coverage Highlights
- •All unit dwellings
- •Common area structures
- •Shared liability exposure
- •Loss of rent by unit
- •Guest liability for common areas
Average Cost
$1,200-$3,000/year for 2-4 units
Actual costs vary based on property details, location, claims history, and specific coverage limits.
Common Misconceptions
Single unit policy covers multi-family (separate policy needed)
Liability coverage equally protects all units (varies by incident)
Tenants insurance covers landlord liability (it does not)
Loss of rent covers all vacancy (only covered losses)
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