Apartment/Condo Insurance

Apartment/Condo Insurance

Allstar Financial Group offers Apartment/Condo Property, Casualty and Umbrella coverages designed for independent agents and brokers who need a responsive small-business wholesaler. Our small business solutions division streamlines quoting and binding for apartment and condominium risks. Contact one of our underwriters to discuss specific program options or to get a quote.

Overview of the Program

This program provides flexible property, general liability and excess/umbrella solutions for habitational and mixed-use locations. Coverages are available as monoline or packaged policies, with optional enhancements and project-specific wording where appropriate. Limits and endorsements are designed to help agents place common habitational exposures as well as contractor-related risks at residential and commercial locations.

Ideal Accounts and Appetite

• Habitational: apartment buildings, condominium associations and small to mid-size residential complexes
• Contractors working on habitational projects (project-specific policies available)
• Mixed-use locations: retail/office units with residential components
• Vacant or seasonal properties (class-by-class underwriting review)
• Wholesale/retail or institutional occupancies that are co-located with residential units

Coverage Highlights and Advantages

Property Coverage Highlights

• Total Insurable Value (TIV) up to $5,000,000 per location
• Monoline or package options
• No-coinsurance options available (may vary by risk type)
• Optional coverage enhancements and endorsements
• Equipment breakdown coverage available

Casualty (GL) Highlights

• Monoline or package placements
• Minimum premium starting at $500
• Primary limits up to $5,000,000 / $5,000,000
• Project-specific and per-project/per-location aggregate options
• Uninsured subcontractor wording where appropriate
• Optional enhancements including blanket additional insured, waiver of subrogation, primary/non-contributory wording, hired & non-owned auto (certain classes), and miscellaneous professional liability (certain classes)

Umbrella Coverage Highlights

• Limits available up to $5,000,000
• Minimum premium starting at $750
• Supported and unsupported umbrella structures
• Underlying requirements: AM Best A-VI or better for auto or GL carriers; AM Best B++ or better for employers’ liability; typical GL underlying limits $1M / $2M / $2M

Underwriting Notes and Minimums

• Typical minimum premiums: GL from $500; umbrella from $750 (program minimums may vary by state and class)
• Project-specific policies are available for contractor exposures and renovation projects—identify scope and contract requirements on submission
• Availability of no-coinsurance, equipment breakdown and other endorsements depends on occupancy, protection class and specific exposures
• Some classes (vacancies, certain contractor operations) will be considered on a case-by-case basis and may require supplemental information

Territories and Availability

This program is available in the following states: AL, GA, NC, SC, TN, VA. Coverage is offered in admitted and non-admitted markets as appropriate—availability and terms may vary by state and risk characteristics.

Why Work With Allstar Financial Group on Apartment/Condo Business

• Specialized small-business underwriting focused on habitational and contractor exposures
• Flexible packaging and optional endorsements to match policyholder needs
• Ability to handle project-specific placements and per-location aggregates
• Responsive underwriting team to help with quick quotes and bind requests

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.