Apartment Insurance

Stoermer Insurance Brokers has been placing apartment risks for independent agents across Ohio, Kentucky and Indiana for more than 30 years. As an Excess & Surplus Lines broker/wholesaler, we offer a flexible Apartment Insurance program through several markets, including an A.M. Best A++ carrier, to help you place a wide range of apartment portfolios.

Ideal Accounts and Appetite

• Apartment risks up to 100 units per location and up to 500 total units.
• Single-location and multiple-location portfolios.
• Properties with on-site amenities such as swimming pools, fitness centers, clubhouses, lakes/ponds, playgrounds and sports courts.
• New ventures and newly constructed properties.
• Risks undergoing non-structural renovations.
• Accounts with limited student or subsidized occupancy (up to 20% per location).
• Risks with loss activity within the past three years are considered.

Coverage Highlights and Advantages

• Liability: Expanded definition of Bodily Injury to include sickness or disease caused by mental anguish or emotional distress.
• No General Liability deductible and no maximum building height restriction.
• Hired & Non-Owned Auto Liability available in most states.
• Limits available to $1,000,000 occurrence / $2,000,000 aggregate; Excess/Umbrella capacity to $3,000,000.
• Property: Equipment breakdown coverage (includes free boiler inspection where required), Special Causes of Loss and Replacement Cost available.
• Older buildings can be accepted with a Functional Building Valuation endorsement.
• Property limits available up to $3,000,000 (Protection Class 1–8).
• Additional advantages: A.M. Best rated A++ carrier participation, low minimum premiums, quick quote turnaround and fast binder confirmation.

Underwriting Notes and Minimum Premiums

Underwriting is line-by-line and considers occupancy mix, building construction, protection class, age and loss history. Non-structural renovations and newly built properties are eligible; significant structural alteration projects should be discussed at submission. Minimum premium varies by state and exposure—Stoermer typically works to keep minimums competitive for small-to-mid-size portfolios.

Territories and Admitted Status

This program is available in Indiana, Kentucky and Ohio. Stoermer operates as an Excess & Surplus Lines broker, and admitted coverage may be available in some states—placement depends on the specific risk and carrier appetite.

Why Work with Stoermer on Apartment Business

With three decades of specialty apartment underwriting experience, Stoermer provides practical placement solutions for agents who need flexible terms, broad eligibility and quick service. Our relationships with several markets — including highly rated carriers — let us offer limits and forms that match the realities of modern multi-family operations.

Example scenarios that fit well:

• You represent a 48-unit garden-style community with a clubhouse and pool that needs combined Property and Liability coverage with equipment breakdown included.
• An investor client is opening a newly constructed 60-unit building with limited subsidized occupancy and requires liability limits and an excess umbrella.

If you have an apartment account outside the admitted markets or with unique exposures, Stoermer can evaluate placement on a case-by-case basis.

Note: Mention this ad and receive 12.5% commission on your next new business order.