Apartment Insurance
Multifamily insurance for apartment owners and property managers, placed through HabRisk from a market of 100+ carriers.
When a fire or a burst pipe empties a few units, an apartment owner loses rent, takes on repair bills and still owes the mortgage, all at once. HabRisk is the habitational division of AGEMA Insurance Solutions in Overland Park, KS, and we place apartment insurance for owners of multifamily and other residential property. Offices, retail or industrial buildings you also own can stay on our commercial insurance and commercial real estate programs, a restaurant or bar can go with restaurant insurance through Top Shelf, and every other line we place starts from the AGEMA home page.
Landlord Insurance for Apartment Owners
A Kansas landlord asking what policy a rental building needs is really asking who pays for what after a loss. Landlord insurance for apartments generally covers the building and the owner's liability, while residents insure their own belongings with their own policies. Loss of Rental Income coverage, also called Fair Rental Value coverage, can reimburse the rent you cannot collect while covered damage is repaired and units are uninhabitable. It does not cover evictions or tenant non-payment. If you own more than one building and want them on one schedule, commercial landlord policies can often schedule several properties together.
Multifamily Insurance for Every Property Type
Some apartment buildings fit any carrier's appetite, and some take a specialist to place. Our multifamily insurance work runs from a single building to a layered program for a national apartment schedule. We place market-rate properties, Section 8 housing, Section 42 (LIHTC) housing, student housing and senior living, as well as properties with extensive claims history, buildings on the historical registry and coastal properties. Condos and HOAs, vacant buildings, dwelling schedules of single-family rentals, lessor's risk, builder's risk and mixed-use buildings belong here too.
Apartment Complex Insurance Underwriting
Carriers price an apartment complex on the details, so we gather them before we go to market. Property valuation comes first, because a replacement cost value that is too low leaves the owner short after a large loss. Underwriters then look at building condition and age, location and exposure, tenant profile and occupancy, and management and operations. Documented loss-prevention work and accurate valuations give each carrier a clearer picture, and every quote remains subject to that carrier's underwriting and policy terms.
Ready to Get Started?
Let's discuss how AGEMA can help protect your business with tailored insurance solutions. Our team is ready to listen and deliver.
Phone
877-227-5200
contact@agema-solutions.com
Office
6900 College Blvd. Ste. 650
Overland Park, KS 66211