Apartment insurance for Texas owners.
A complete submission, so underwriters see your property as it is today. We match deductibles and wording to your lender's requirements.
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In Short
What insurance does a Texas apartment property need?
Texas apartment owners typically need building coverage at replacement cost, loss of rents, general liability, an umbrella, ordinance or law and equipment breakdown, with deductibles and wording that meet their lender's requirements. Year built, roof age, wiring and plumbing updates and loss history drive both price and availability.
Read the complete apartment property insurance guide
General information, not a promise of coverage.
Risks & Coverage
What can go wrong at a Texas apartment property, and the coverage to consider.
- 01
Selective Underwriting
Carriers that write Texas apartments look hard at year built, roof age, wiring, plumbing and loss history. Good preparation is the difference between a quote and a decline.
Coverage to ConsiderA well-prepared submission to the carriers that write Texas apartments
- 02
Assault, Firearms & Security Exclusions
Many apartment liability policies now limit or exclude assault and battery claims. You need to know exactly what is excluded before a claim, not after.
Coverage to ConsiderLiability wording reviewed for assault, battery and firearm exclusions
- 03
Water Damage From Inside the Units
Burst pipes and supply lines — especially after a hard freeze — are one of the most common apartment claims. Deductibles for water damage are now often separate and higher.
Coverage to ConsiderWater-damage deductibles and freeze protection
- 04
Lost Rent While Units Are Down
Loss of rents coverage keeps your debt service covered while damaged units are repaired.
Coverage to ConsiderLoss of rents sized to your rent roll and debt service
- 05
Agency Lender Requirements
Fannie Mae, Freddie Mac and HUD loans come with detailed insurance requirements, including maximum deductibles. Your policy has to match them.
Coverage to ConsiderDeductibles and wording matched to agency lender requirements
Typical Coverage
What a Texas apartment property usually carries.
- 01
Building Property — Replacement Cost
Every building at rebuild cost, with blanket limits where they help.
- 02
Loss of Rents
Rent replaced during repairs, sized to your actual rent roll.
- 03
General Liability
Resident and visitor injuries, with exclusions explained in plain language.
- 04
Umbrella / Excess Liability
Higher limits for the size of your asset and your lender's requirements.
- 05
Ordinance or Law
Bringing older buildings up to current code after a loss.
- 06
Equipment Breakdown
Boilers, central HVAC, elevators and electrical systems.
- 07
Flood
Where your location or your lender requires it.
- 08
Employee Dishonesty & Crime
Rent collections and deposits handled by staff.
Not Needed to Start
What to have ready.
Carriers price what they can see, so a complete submission helps them quote with confidence. Missing something? Send what you have.
- Number of units, buildings, stories and year built
- Roof age; wiring, plumbing and HVAC updates
- Occupancy and any student or senior-housing focus
- Pools, playgrounds, gates and security measures
- Property management company
- Five years of loss runs
- Lender and loan type (agency, bank, bridge)
Questions
Apartments & Multifamily: common questions.
Why is apartment insurance so expensive in Texas right now?
Severe-weather losses, freeze claims and large liability verdicts made carriers more selective about Texas habitational business. A well-prepared submission makes a real difference.
Can I get a lower premium with a higher deductible?
Often, but check your loan documents first — agency and bank lenders cap deductibles. We model the options against your lender's limits so you only see choices you're actually allowed to take.
Does my policy cover my residents' belongings?
No. Your policy covers your buildings and your liability. Residents need renters insurance, and many owners make it a lease requirement.
Ready When You Are
Your quote starts here.
About two minutes. A person reads every request.
Guides for Apartments & Multifamily