Your coverage checklist, personalized.
Select your property characteristics to get a tailored list of required, recommended, and optional coverages for your apartment building.
Interactive Tool
Coverage Checklist Builder
Every apartment property has unique insurance needs. Check the boxes that describe your property to see which coverages you should carry.
Property Profile
Select all that apply to see your personalized coverage recommendations.
Your Coverage Profile
5
Required
4
Recommended
9
Consider
Required Coverage (5)
Covers the building structure, fixtures, and common-area contents against fire, wind, hail, water damage, and other covered perils.
Covers bodily injury and property damage claims from tenants, visitors, and third parties on your premises.
Replaces lost rental income when units are uninhabitable due to a covered property loss.
Provides additional liability limits above your general liability, auto, and employer's liability policies.
Covers medical costs and lost wages for employees injured on the job. Required by law in most states when you have employees.
Recommended Coverage (4)
Covers costs of data breaches, ransomware attacks, and cyber incidents affecting tenant data and property management systems.
Covers losses from employee theft, forgery, and fraud. Often required by HUD and some lenders.
Covers claims of wrongful termination, discrimination, harassment, and other employment-related lawsuits from employees.
Covers buildings under construction or major renovation against damage during the construction period.
Coverage to Consider (9)
Separate coverage or endorsement for wind and hail damage, typically with a percentage-based deductible.
Covers flood damage not included in standard property policies. Required for properties in FEMA Special Flood Hazard Areas.
Covers earthquake damage and resulting losses. Standard property policies exclude earthquake.
Covers mechanical and electrical breakdown of HVAC, elevators, boilers, and electrical systems.
Covers the increased cost of rebuilding to current building codes after a loss, including demolition of undamaged portions.
Covers claims against the management team or board for alleged wrongful acts in their capacity as directors or officers.
Covers negligent security claims when tenants or visitors are injured by violent acts on the property.
Covers cleanup costs and third-party claims related to mold, lead paint, asbestos, or underground storage tanks.
Covers claims related to pet-related injuries on the property, particularly dog bites.
General Guidance Only
This checklist provides general coverage recommendations based on common property characteristics. Your specific insurance needs may vary based on lender requirements, lease agreements, local regulations, and individual risk factors. For a comprehensive coverage review, request a free consultation.
Need Help Building Your Coverage Program?
Our multifamily insurance specialists will review your property profile and build a customized coverage program that protects your investment without overpaying.