Overview — Continental Risk / Continental Marine Insurance Services: Apartments Buildings Insurance
Continental Risk / Continental Marine Insurance Services offers a dedicated Apartments Buildings Insurance program for agents placing multi-family residential risks. This wholesale broker program provides admitted and non-admitted placement options through A-rated markets and is tailored for apartment building owners who need property, liability, crime and related coverages in a single commercial package.
Ideal Accounts and Appetite
- Apartment buildings and multi-family residential properties of varied sizes and construction types.
- All construction classes accepted and protection classes 1–7 are eligible.
- No age restrictions on buildings—suitable for newer and older properties when properly maintained.
- Preferred accounts are owner-occupied apartment buildings, small to mid-sized portfolios and stabilized multi-family properties. Larger or specialty portfolios may be considered through excess/umbrella capacity.
Coverage Highlights and Advantages
- Commercial property limits up to $25,000,000 per location with excess limits available.
- General liability standard limits of $1,000,000 per occurrence / $2,000,000 aggregate (higher limits available — up to $2M/$4M in CA and OR).
- Crime coverage available up to $100,000.
- Package options that combine property, GL, crime and hired/non-owned auto — or mono-line property and mono-line GL (mono-line GL placements start at $10,000).
- Optional Special Form and Agreed Amount wording, plus Apartment Building Owners endorsement to increase certain limits.
- Enhanced commercial property coverage endorsement available to broaden core property protections.
- Flexible deductibles ranging from $2,500 to $100,000 to match client risk retention preferences.
Underwriting Notes and Minimums
Policies are issued on both admitted and non-admitted paper. The participating carriers carry strong financial ratings (A (Excellent) X and A (Excellent) XV). The program supports a wide appetite, but all submissions are underwritten case-by-case.
- Minimum premium: $2,500.
- Mono-line GL minimum premium typically starts at $10,000.
- Available limits and forms may differ by state and by admitted vs. non-admitted market.
Territories and Availability
The program is available in most U.S. jurisdictions. States served include: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI and WY. Specific admitted markets and form availability vary by state; please confirm at submission.
Why Work With Continental Risk / Continental Marine Insurance Services on Apartment Business
- Wholesale broker access to A-rated admitted and non-admitted carriers with tailored apartment building forms.
- Broad coverage options and endorsement choices designed for owners and portfolios of residential rental property.
- Flexible deductible and limit structures to help structure competitive placements for different risk appetites.
- Underwriting experience with multi-family risks and ability to consider larger values with excess capacity.
Example Submissions
- A 12-unit masonry apartment building seeking $1.5M property limit, $1M/$2M liability and employee crime coverage — good fit for the package or mono-line property option.
- A stabilized 100-unit garden apartment community requesting $10M property limits with enhanced property endorsement and excess liability — submit for placement and excess availability review.
Frequently Asked Questions
What types of apartment accounts are a good fit for this program?
Stabilized owner-occupied and investor-owned apartment buildings of varied sizes and construction types are the primary targets. The program handles single buildings up to larger multi-unit properties; specialty or high-exposure accounts should be submitted for review.
Are policies admitted or non-admitted?
Both admitted and non-admitted markets are available. Admitted availability depends on state and underwriting criteria; the program uses A-rated carriers on both paper types.
What are the minimums and typical deductibles?
The minimum premium is $2,500. Deductible options range from $2,500 to $100,000. Mono-line GL placements generally start at a higher minimum premium (around $10,000).
What limits and endorsements should I highlight when submitting?
Key limits include property up to $25M per location (excess available), GL typically $1M/$2M (higher limits in CA/OR), and crime up to $100K. Mention interest in the Apartment Building Owners endorsement or the enhanced property endorsement if you need expanded limits or broader property coverage.
What submission information does underwriter need?
Provide ACORD applications, current loss runs, schedule of locations with construction and protection class, occupancy details, valuations and any recent inspection photos. Complete information speeds underwriting and improves the chance of a competitive quote.
Need help placing an account? Connect with a market specialist.