If you own an apartment building, you may have come across two terms while shopping for coverage: multifamily property insurance and commercial property insurance. Which one should you choose? The difference is not always in the policy name. Multifamily property insurance is generally a type of commercial property coverage arranged for apartment buildings. What matters is whether the policy protects the building, rental income, shared areas, and other risks that come with own

Most property owners plan for fire, but water damage deserves the same attention. In an apartment building, one burst pipe can wreck ceilings, walls, and floors across several units, and that means expensive repairs and possibly lost rent. So what does an apartment building water damage claim cover? It depends on what caused the damage and what your commercial property policy says. Sudden, accidental water damage may be covered. Outside flooding, sewer backups, and slow leaks