The best multifamily property insurance for a large apartment complex pays to rebuild every building and meets your lender’s terms. Price comes after that. A 300-unit property has many buildings, a clubhouse, a pool, and a big stream of rent. One bad loss can touch all of it. Start with replacement cost Replacement cost pays what it takes to rebuild today. Actual cash value subtracts depreciation, so a 25-year-old roof gets paid like a 25-year-old roof. Base your insured valu