Commercial Services
Multifamily & Apartment Insurance
Specialized coverage for apartment buildings, multifamily complexes, and rental properties. Knox Insurance shops multiple carriers to protect your investment, your tenants, and your rental income.
10+
Essential Coverages
Coverage Highlights
Essential Coverages for Multifamily Properties
Multifamily properties carry unique risks that standard commercial policies may not fully address. Here are the coverages every apartment owner should have in place.
Property Damage Coverage
Protects the building structure itself — roof, walls, fixtures, HVAC, plumbing, and common areas — against fire, storms, vandalism, and other covered perils. The foundation of any multifamily policy.
Loss of Rental Income
Reimburses your rental revenue when units become uninhabitable due to a covered loss. Covers the rent you would have collected while repairs are completed, plus ongoing mortgage and operating costs.
General Liability
Protection against injury claims on your property — slip-and-fall incidents in hallways, stairwells, parking lots, and common areas. Covers legal defense costs and settlements.
Umbrella & Excess Liability
Additional liability limits above your primary policy for larger claims and lawsuits. Essential for property owners with multiple buildings or higher-value complexes where exposure is greater.
Equipment Breakdown
Covers repair or replacement of boilers, HVAC systems, electrical panels, elevators, and other mechanical equipment that apartment complexes depend on daily.
Ordinance & Law Coverage
Pays the additional cost to rebuild in compliance with current building codes after a covered loss. Critical for older apartment buildings that may not meet updated code requirements.
Sewer & Drain Backup
Covers water damage caused by sewer or drain backups — often excluded from base policies. In multifamily properties, a single backup event can damage multiple units simultaneously.
Earthquake Coverage
Standalone or supplemental earthquake policies through specialized carriers. Especially important for properties in seismically active regions where standard policies exclude quake damage.
Flood Insurance
Standard apartment policies typically exclude flood damage. If your property is in a flood-prone area, separate flood coverage through the NFIP or private carriers is essential.
Vacancy & Renovation Coverage
Standard policies may restrict coverage when units are vacant or undergoing renovations. This endorsement ensures protection during turnover periods and improvement projects.
Personal Property of Owner
Covers owner-provided furnishings, appliances, and equipment in units or common areas — laundry machines, office equipment, furnished unit contents. Tenant belongings require separate renter's insurance.
Workers' Compensation
Required in most states if you employ maintenance staff, property managers, or on-site workers. Covers medical expenses and lost wages for employees injured on the job at your property.
Without Proper Coverage, You Risk
Paying out-of-pocket for building repairs after a fire, storm, or water event
Losing months of rental income with no reimbursement while units are repaired
Facing lawsuits that exceed your liability limits — common in slip-and-fall cases
Code compliance costs that can double the price of rebuilding older properties
Sewer backup damage across multiple units with no coverage to restore them
A Properly Structured Policy
Combines property, liability, and income coverages into one program
Includes endorsements for sewer backup, ordinance & law, and equipment breakdown
Adds umbrella coverage for claims that exceed primary limits
Addresses region-specific risks like earthquake and flood exposure
Scales with your portfolio as you acquire additional properties
Why Knox for Multifamily Insurance?
We understand habitational risk because we've been insuring property owners since 1980.
Multiple Carrier Access
We work with carriers that specialize in habitational risk — from small duplexes to 200+ unit complexes. More options mean better rates and broader coverage.
Portfolio Packaging
Own multiple properties? We can bundle them into a single policy or program for simplified management, consistent coverage, and volume discounts.
Claims Advocacy
When a pipe bursts or a tenant files a claim, we advocate on your behalf with the carrier. Our goal is getting your units repaired and rented as fast as possible.
Multi-State Expertise
Licensed across 15+ states, we understand the building codes, regulatory requirements, and market conditions that vary from state to state.
Protect Your Multifamily Investment
Free quotes from multiple carriers. We'll compare coverage options and find the right fit for your property portfolio.