Unit count & construction
Building age, construction, number of units and updates affect underwriting.
Multifamily Property Insurance
Habitational properties bring together building values, tenant density, life-safety systems, loss-of-rents exposure and frequent premises-liability concerns.
What to Review
The details that can change the insurance program.
Commercial real estate insurance is highly dependent on the building, occupancy, leases, valuation, protection and income exposure. A useful review goes beyond simply quoting the same limits.
Life safety
Sprinklers, alarms, egress, railings and fire protection are central considerations.
Tenant turnover
Frequent occupancy changes can increase maintenance and liability exposure.
Loss of rents
A significant fire or water loss can remove multiple units from service for months.
Key Exposures
Questions worth answering before renewal.
Water lossesPlumbing failures can affect several units and floors.
Habitational liabilityStairs, balconies, pools, playgrounds and common areas require careful loss control.
Older constructionElectrical, plumbing and roof updates can be major underwriting factors.
Umbrella capacityHigh occupant counts can make severe liability losses more consequential.
Have a renewal coming up?
Send us a few basics and we will follow up to learn more about your property or portfolio.