Multifamily insurance
Multifamily insurance for every stage of development and ownership.
We support developers building new apartment communities and owners managing existing properties. From builders risk and construction liability to property coverage and rental income protection, we help align insurance with your project, budget, and plans for the asset.
For multifamily developers and owners, including apartment and build-to-rent communities in planning, under construction, leasing up, or already operating.
Your team
A direct line to your risk advisors.
Industry memberships
Built around your property
Start with the business plan for the property.
A new development needs insurance planning before construction begins. We review the project budget, construction schedule, contracts, and lender requirements to help establish coverage for the work and the risks ownership retains.
As the property moves into operation, the insurance needs change. First occupancy is a critical transition, followed by ongoing decisions about property values, liability, rental income, renovations, refinancing, and sale.
How we help
Coverage that follows the property from construction through ownership.
We review development risks and operating coverage alongside insurance cost per unit, income at risk, and the cash ownership would need after a loss.
Builders risk and construction delays
Plan coverage for the building and materials during construction. Review project values, the construction schedule, and options for additional financing costs and lost rental income when a covered loss delays completion.
Liability and project responsibilities
Review the developer’s liability coverage alongside contractor insurance and contract requirements. Clarify who is responsible for arranging coverage and how the owner’s interests are addressed throughout the project.
First occupancy and lease-up
Coordinate the transition from builders risk to operating coverage before residents move in. Review phased completion, remaining work, and rental income projections so the insurance reflects the actual leasing schedule.
Operating properties and renovations
Review property values, premises liability, rental income protection, and umbrella or excess limits for active communities. Revisit coverage as buildings age, amenities change, or renovations affect occupancy and operations.
Budget and cash after a loss
Compare premiums, deductibles, and limits against cost per unit and the property’s budget. Make clear which costs ownership would retain, including wind and flood exposures where relevant.
Financing, acquisitions, and sale
Review lender requirements and documentation before construction financing, an acquisition, refinancing, or sale. Plan changes to coverage around the transaction and the intended holding period.
Where we start
Developing, acquiring, or managing a community?
Tell Jack or Maddie about the property and your plans. Bring the project budget and schedule, current coverage where available, income projections, and lender requirements. We will help identify the insurance decisions that need attention now and as the property changes.
Talk with your advisorsCommon questions
Multifamily insurance, explained.
When should we start planning insurance for a new apartment community?
Start during project planning, before construction begins, so builders risk, liability, contract obligations, and lender requirements can be considered together. Revisit the program as the schedule changes, and plan the transition to operating coverage well before first occupancy.
What should a multifamily developer review beyond builders risk?
Builders risk addresses property under construction. A developer should also review liability, contractor insurance, lender requirements, and options for costs or lost rental income from a covered construction delay. These protections depend on the policies arranged; they are not all included in builders risk.
Can residents move in while construction insurance is still in place?
The answer depends on the policy and the insurer’s acceptance of occupancy and remaining work. Review the transition before the first move-ins rather than assuming construction coverage continues unchanged.
How should rental income coverage reflect lease-up?
Review the income assumptions against expected occupancy, leasing projections, and the time needed to restore the property after a covered loss. Limits, waiting periods, and other policy terms affect the protection available.
Can you review insurance for an apartment property we already own?
Yes. We review current coverage, rental income assumptions, deductibles, lender requirements, and your plan to hold, refinance, or sell. The aim is to connect the next insurance decision to the property’s business plan.
Who should I contact about multifamily insurance?
Contact Jack DePhillips at j.dephillips@arvorinsurance.com or Maddie Dunkle at m.dunkle@arvorinsurance.com. They are Arvor’s risk advisors for multifamily developers, owners, and investors.
Let’s talk about your business.
Connect with Jack DePhillips or Maddie Dunkle to discuss your current coverage and what you need from your broker.
Coverage and services depend on your operations, agreed scope, insurer underwriting, and policy terms. See our coverage disclosures.