Apartment House Insurance Program from Colonial General Insurance Agency, Inc.
Colonial General Insurance Agency, Inc. offers a comprehensive Apartment House Insurance program designed for agents and brokers seeking reliable markets for habitational risks. With access to a variety of carriers and both admitted and non-admitted options (depending on the market), Colonial General provides tailored solutions for apartment buildings, rooming or boarding houses, and apartment hotels with five or more units.
Ideal Accounts and Appetite
This program is ideal for residential rental properties such as:
- Apartment buildings with 5+ units
- Boarding or rooming houses
- Apartment hotels
Whether you're working with a property owner managing a small walk-up complex or a mid-sized investor with multiple properties, this program offers flexibility and broad eligibility. Accounts with solid maintenance history and professional property management are typically preferred.
Coverage Highlights and Advantages
Property Coverage Available:
- Basic, Broad, or Special Form
- Building and Contents
- Business Income
- Equipment Breakdown
- Computer Equipment
- Accounts Receivable
- Inland Marine
- Outside Signs
- Valuable Papers
- Replacement Cost or Actual Cash Value
Commercial General Liability Coverage:
- Primary limits up to $3 million occurrence/aggregate
- $5,000 Medical Payments Coverage – included
- Additional Interests – included at no extra charge
- Hired and Non-owned Auto coverage
- Excess or Umbrella limits up to $25 million
- No deductible required
Crime Coverage Options:
- Inside the Premises – Theft of Money and Securities
- Inside the Premises – Robbery or Safe Burglary of Other Property
- Outside the Premises
The program is available on a mono-line or package policy basis, offering flexibility depending on your client’s needs. Whether your insured is concerned about property damage, liability claims, or crime-related losses, you can deliver a complete solution through Colonial General’s markets.
Underwriting Notes and Market Access
Colonial General works with a range of carriers, allowing for broad underwriting flexibility. While some admitted markets are available, others may be placed on an E&S basis depending on property characteristics and location. No deductible is required for general liability coverage, and favorable pricing may be available for well-maintained properties with professional oversight.
Territories and Availability
This program is available to licensed producers placing business in the following states:
- Arizona
- California
- Colorado
- Idaho
- Nevada
- New Mexico
- Utah
- Wyoming
Why Work With Colonial General?
As a Managing General Agency and Excess & Surplus Lines Broker, Colonial General brings decades of experience and deep market access to the habitational sector. Their responsive underwriting team understands the nuances of apartment house risks and helps agents place accounts that might not fit standard markets.
From competitive umbrella limits to robust property and crime coverage, Colonial General equips you with the tools to meet your clients’ expectations. Whether you have a landlord client expanding their portfolio or a real estate investor with mixed-use buildings, this program offers the flexibility and strength you need to win and retain business.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include apartment buildings with five or more units, rooming houses, boarding houses, and apartment hotels. Properties with professional management and good maintenance history are preferred.
Is this program available on an admitted basis?
Some admitted markets are available, but coverage may also be written on a non-admitted basis depending on the risk and location.
Can I write liability coverage without property coverage?
Yes, Colonial General offers both mono-line and package policy options, allowing you to customize coverage based on your client's needs.
What limits are available for general liability?
Primary general liability limits go up to $3 million per occurrence/aggregate, with excess or umbrella limits available up to $25 million.
Which states is this program available in?
The program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Need help placing an account? Connect with a market specialist.