Apartment & Condo Building Insurance
Multifamily & Association Coverage

Protection for Multifamily Properties & Associations

Apartment and condo buildings face risks that single-family rentals don't-large property values, shared entries, multiple tenants, and strict lender/association requirements. Gateway Insurance builds multifamily insurance packages that protect your property, income, and liability, that can be customized for the rental market your in.

Basic Coverages for Buildings, Owners, and Associations

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Landlord's Building Coverage

Protects the structure, roof, common areas, and mechanical systems against fire, hail, wind, and more.

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Landlord/Association Liability

Covers claims for bodily injury or property damage on shared premises (slip/fall in halls, parking lot incidents).

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Loss of Rents Coverage

Replaces rental income lost if a covered loss (fire, storm) forces tenants out during repairs.

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Tenant Damage (optional)

Some policies cover accidental or malicious tenant-caused losses-ask Gateway about options.

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Equipment Breakdown

Protection for boilers, elevators, HVAC-critical for multifamily operations.

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Building Ordinance Coverage

Coverage for extra costs to meet code after a loss (especially for older buildings).

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Directors & Officers (optional)

For condo associations-protects board members from certain management liability claims.

Coverage for Condo Associations

Common Area Liability

Protects against claims for injuries or damage in hallways, gyms, pools, and shared amenities.

Directors & Officers Insurance

Safeguards board members and association management against legal claims.

Master Policy Breakdown

Gateway clarifies what's covered by the association and what unit owners need separately-no confusion for your owners or lenders.

Ready for Underwriting: Multifamily Info Needed

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Building construction details (materials, age, roof system, renovations)

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Number of units and occupancy type (tenant vs owner-occupied)

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Loss history (claims, repairs)

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Safety features (fire suppression, sprinklers, security, egress)

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Current lender or association requirements

Gateway can help you prepare all documentation that's needed.

Habitational Coverage

From ice and roof claims to seasonal vacancies and hail events, local multifamily and condo buildings face unique risks. Gateway aligns your policy with the real exposures and lender or association documentation you'll need.

Apartment & Condo Building Insurance-Questions Answered

  • What insurance does an apartment building need?

    Property, liability, loss of rents, equipment breakdown, and (optionally) tenant damage and board protection.

  • What does condo association insurance cover?

    Structure, common area liability, board (D&O), and coverage for loss of rents-Gateway helps clarify your master policy.

  • Does building insurance cover tenant damage?

    Some policies do, some require endorsements-Gateway can review your options with you.

  • Does someone renting a space in the building need to obtain their own insurance?

    Yes, landlords insure the building, their policies do not cover a tenant’s personal property or liability.

  • How does loss of rents work for multifamily?

    It replaces lost income if units become unlivable after a covered claim (subject to terms).

Get Habitational Coverage
Property, Income, and
Board Protection

Don't risk gaps in coverage or missing lender requirements. Gateway Insurance builds, reviews, and explains multifamily insurance packages-backed by local service and multiple carrier options.