Ideal Accounts and Appetite
This program is designed for independent agents and brokers placing business for small- to mid-size apartment buildings, multi-family dwellings, and residential rental portfolios. We can tailor solutions for a single low-rise garden-style complex, a mid-rise apartment building, or a small portfolio of rental properties.
We prefer accounts with stable tenancy, documented maintenance programs, and updated building systems. Older construction can be considered when renovations or system upgrades are well documented. Owner-occupied buildings, student housing, and subsidized housing are evaluated on a case-by-case basis based on location and specific risk characteristics.
Coverage Highlights and Advantages
- Apartment House Package – Bundled property and liability coverage tailored for apartment owners
- Boiler & Machinery – Coverage for mechanical systems and equipment breakdowns
- Business Income – Reimbursement for lost rental income following a covered loss
- CGL & Excess Liability – Primary and excess liability options to protect against third-party claims
- Fire – Core protection for fire-related losses
- General Liability (GL) – Premises liability for bodily injury and property damage
- Property – Building, structural components, and contents coverage
- Real & Business Personal Property – Coverage for physical structures and business-related contents
- Theft – Protection for losses due to theft or vandalism
- Umbrella – Additional liability limits to supplement underlying policies
Underwriting Notes and Minimum Premiums
This program is placed on a non-admitted basis, which provides flexibility for unique or hard-to-place risks and enables customized forms and limits. Minimum premiums vary by state, construction type, occupancy, and chosen limits. We work directly with agents to define appropriate coverage, limits, and pricing for each account.
Territories and Availability
The Apartment Building Owners Insurance program is available in: CT, FL, IA, IL, IN, KS, KY, MI, MN, MO, NE, NJ, NY, OH, PA, VA, and WI. We understand regional exposures in these states and access multiple surplus lines carriers to place business where admitted markets may be limited.
Why Work With Advanced E&S Group?
Advanced E&S Group combines deep underwriting expertise with broad market access to help agents place complex or non-standard apartment risks. Our team focuses on responsive service, practical underwriting, and flexible program design so you can secure competitive coverage for challenging accounts.
Example scenarios you can place through this program:
- A 12-unit brick apartment building in Illinois with recent plumbing and electrical upgrades and a clean loss history — candidate for a bundled apartment house package with business income and boiler coverage.
- A small portfolio of mid-rise rental properties in Ohio where one building has older construction but documented renovations — eligible for placement after review of loss control measures and occupancy information.
Frequently Asked Questions
What types of accounts are a good fit for this program?
We target small- to mid-size apartment buildings, multi-family dwellings, and residential rental portfolios—especially those with stable tenancy and documented maintenance.
Is this program available on an admitted basis?
No. This program is written on a non-admitted basis to allow for underwriting flexibility and tailored coverage options.
What coverage options are included in the apartment package?
Common inclusions are property, general liability, business income, boiler & machinery, theft, umbrella, and excess liability, depending on the account.
Which states is this program offered in?
This program is available in CT, FL, IA, IL, IN, KS, KY, MI, MN, MO, NE, NJ, NY, OH, PA, VA, and WI.
What is the minimum premium for this program?
Minimum premiums vary according to size, location, construction, and coverage needs. Contact our underwriting team for guidance on specific accounts.
Need help placing an account? Connect with a market specialist.