Habitational Insurance
Habitational Insurance provides comprehensive property and liability coverage for owners and managers of apartment buildings, condominiums, HOAs, and multi-family residential properties. Casurance places habitational programs through specialty admitted and non-admitted markets, including exclusive p…
Who Needs This Coverage
- Apartment building owners (5+ units)
- Condominium associations and HOA boards
- Multi-family property management companies
- Real estate investment trusts (REITs) with residential portfolios
- Mixed-use property owners with residential components
What's Covered
- Building property — replacement cost or ACV
- Loss of rents / business income during covered losses
- Premises GL — tenant and visitor bodily injury and property damage
- Equipment breakdown for elevators, boilers, and HVAC systems
- Ordinance or law coverage for code-upgrade costs after covered losses
- Umbrella/excess liability above primary GL
Frequently Asked Questions
What is the difference between a residential landlord policy and a habitational insurance program?
A residential landlord policy (dwelling fire or DP-3) is designed for 1–4 unit rental properties and is placed in the personal lines market. A habitational insurance program is a commercial property program designed for 5+ unit apartment buildings an…
Can I get habitational insurance for a pre-2000 frame building?
Yes, through specialty habitational programs. Many standard admitted carriers restrict or exclude older wood-frame construction, especially in California due to earthquake and wildfire exposure. Specialty admitted and E&S habitational markets can acc…
Does habitational insurance cover loss of rental income?
Yes. Loss of rents (also called rental income or business income coverage) is a standard component of commercial habitational programs. If a covered loss — fire, water damage, or other covered peril — makes units uninhabitable, loss of rents pays the…