HABITATIONAL INSURANCE
Habitational insurance for apartment and multifamily property owners.
Habitational insurance covers apartment buildings, condominiums, and other residential rental properties under commercial insurance programs. The underwriting requirements differ significantly from single-family landlord policies.
What it covers
What habitational insurance covers
What it covers
Commercial Property Coverage
Covers the building and common areas of apartment complexes, condominiums, and other multifamily properties. This is the commercial property core of a habitational program.
What it covers
Commercial General Liability
Pays if a tenant, visitor, or maintenance worker is injured on the property or if operations cause third-party property damage. It works the same way as standalone general liability coverage written for a building.
What it covers
Loss of Rents
Pays lost rental income when the property is damaged and units become uninhabitable during repairs.
What it covers
Renovation and Vacancy Coverage
Provides property protection during unit renovation or temporary vacancy, periods when standard policies may reduce or suspend coverage and a vacancy gap can open up.
Where policies have edges
What habitational insurance does not cover
Not covered
Flood damage
Flood is excluded from standard habitational property policies. Separate commercial flood coverage is required.
Not covered
Tenant discrimination and wrongful eviction
Tenant disputes including eviction, discrimination claims, and wrongful entry require a separate landlord legal liability or employment practices coverage policy.
Not covered
Environmental hazards
Lead paint, asbestos, and mold remediation may be excluded or sublimited depending on the carrier and property age.
Not covered
Earthquake Damage
Earthquake damage is excluded from standard habitational policies. Separate earthquake coverage or an endorsement is required in affected areas.
Who needs this
Who needs Habitational Insurance?
Owners of apartment buildings, condominium complexes, assisted living facilities, student housing, and other residential rental properties with multiple units.
What it costs
What can you expect to pay?
$1,500 to $8,000 per year depending on property type and size
Requirements by state
How does this work in your state?
Habitational Insurance rules, regulatory requirements, and available coverage vary by state. Send us your state and details through a free coverage review and we will confirm what applies to you.
If You Need to File a Claim
Claims tips
First Steps
Report the loss to your carrier the same day. Habitational claims, apartments, rental properties with multiple units, often involve multiple tenants and potential loss of rents, so the financial impact compounds fast if the property is uninhabitable. Secure the building against further damage immediately; tarps, board-ups, and water extraction are covered under most habitational policies as mitigation costs.
What to Document
Photograph all damaged units and common areas before any mitigation work begins. Document which units are uninhabitable and when each tenant vacated. Collect tenant contact information early, adjusters may need statements. Track every dollar spent on emergency mitigation; keep receipts for labor, materials, and contractor invoices.
Common Mistakes
Not reporting tenant injury claims separately from property claims. A tenant slip-and-fall is a liability claim, not a property claim, and needs its own notice. Assuming loss of rents coverage is unlimited, most policies cap it at the actual rental income lost, not a projected amount, so having documented lease agreements matters.
When to Call Us
Any time a loss affects more than one unit, any time a tenant is injured, or any time the property is uninhabitable. We coordinate property, liability, and loss-of-rents coverage so nothing falls through the cracks.
OUR CARRIER PANEL
Carriers We Work With
The carriers we compare are licensed and regulated in your state. We shop these markets and present the options that match your situation; a licensed advisor reviews the fit with you in a free coverage review.
Berkley Aspire Insurance
Excess and surplus lines commercial insurance for hard-to-place business risks.
Learn moreHoneycomb Commercial Insurance
Coverage for Landlords and Rental Property Owners
Learn morePhiladelphia Insurance Companies
Specialty commercial insurance for nonprofits, religious institutions, habitational, and specialty commercial property.
Learn moreExplore Habitational Insurance facts and statistics, each cited to a government or research source →
Common Questions
Habitational Insurance: frequently asked questions
Why do apartment buildings and HOAs need specialty insurance?
A standard commercial carrier business package often declines or prices apartment buildings and HOAs poorly due to the concentrated liability exposure.
What does the HOA master policy cover vs what unit owners need?
The HOA master policy covers the building shell and common areas.
What coverages does a Georgia apartment building policy include?
Georgia apartment buildings (8+ units) typically need a master property policy, general liability for premises, and loss of rents coverage.
What are the most common claims on Georgia habitational insurance?
Georgia habitational properties commonly see claims from tenant slip and falls, water damage, and weather events affecting roofs and exteriors.
Is earthquake excluded from Georgia habitational insurance?
Earthquake is excluded from every Georgia habitational policy.