Apartment Building Insurance Wholesaler

What can an apartment building insurance wholesaler do for insurance agencies?

Apartment building insurance is generally the best way to insure apartments of at least five units, usually providing protection against both property and liability risks. Working with an apartment building insurance wholesaler can help insurance agencies reach clients who own apartment complexes as investment properties.

Apartment building insurance provides specialized coverages for apartment complexes large and small. Properties may need varying coverages, so it’s important to find an apartment building insurance wholesaler with flexible options.

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Apartment Building Insurance Wholesaler

What types of investors purchase apartment building insurance?

Anyone owning an apartment building likely needs apartment building insurance, including individuals, investment firms and businesses. Policies are generally for residential investment properties with 5+ units in them. For instance, these policies are frequently used to insure:

  • Multi-family residences
  • High-rise apartment buildings
  • Condominium buildings
  • Co-op buildings
  • Luxury apartment complexes
  • Student housing
  • Senior housing


By offering apartment building insurance, agencies can appeal to an echelon of investors that they might not otherwise be able to attract. Investors with apartment buildings tend to have substantially more assets than landlords with smaller residential properties. These investors often have more insurance needs, too.

What does apartment building insurance cover?

Most apartment building insurance policies offer property and liability coverages for apartment buildings and complexes. Some important coverages to make sure policies have are:

  • General Liability Coverage: May cover common accidents occurring at an apartment building, or on the property around it. MIght also cover accidents occurring in an office or maintenance facility.
  • Professional Liability Coverage: May cover instances where employees give errant advice to prospective or current tenants.
  • Commercial Umbrella Coverage: May cover expensive liability claims that exceed general liability’s or professional liability’s limit.
  • Commercial Property Coverage: May cover apartment buildings and other permanent structures at insured locations. Might extend coverage to maintenance sheds, carports, common-use buildings, lampposts, outdoor pools, gazebos, docks and more.
  • Boiler and Machinery Coverage: May cover essential installed equipment within apartment buildings. Might cover furnaces, air conditioners, hot water heaters, and the like.
  • Commercial Contents Coverage: May cover items within apartment buildings that aren’t permanently installed. Might cover common area furniture, furniture in furnished units, decor, lawn care equipment and other items.
  • Backup and Sewer Drains Coverage: May cover water-related damages stemming from plumbing malfunctions (not flooding).


Ultimately, every apartment building has its own coverage needs. It’s important for agencies to find a wholesaler that offers flexible apartment building policy options, so clients can tailor a policy to their building’s particular needs.

Apartment Building Insurance Wholesaler

What other coverages might agencies offer alongside apartment building insurance?

The investors that have apartment buildings frequently need other types of insurance, in addition to policies for their apartment complexes. Some other coverages that agencies might suggest are:

  • Commercial auto insurance for maintenance vehicles
  • Equipment breakdown insurance for other essential equipment
  • Workers compensation insurance for office and maintenance staff
  • Employment practices liability insurance for employees

How much do apartment building insurance policies cost?

The premiums charged for apartment building policies vary a lot. They can be quite substantial when insuring a high-end and/or large apartment complex, and even smaller apartment buildings typically cost more than a single-family home to insure.

For agencies, the premiums charged can result in a sizeable commission on the sale of a policy.

Where can insurance agencies find an apartment building insurance wholesaler?


Agencies seeking to partner with an apartment building insurance wholesaler can connect with us at Telamon Insurance. We specialize in helping insurance agencies cultivate a strong portfolio of insurance policy offerings, and can help your agency explore apartment building policies that’ll give clients robust and flexible coverage options.

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