Colorado Apartment & Multifamily Insurance
From a fourplex in Pueblo to a garden-style community on the Front Range, apartment owners are facing the hardest property market in memory. We build multifamily programs that hold up at claim time and survive renewal season, through admitted and specialty markets.
Start your quote right here
Two minutes, no obligation. A licensed Colorado agent reviews it the same business day.
What a complete apartment program includes
Multifamily risk is more than a building policy. The program has to protect the structures, the income they produce, and the entity that owns them.
- Commercial property at accurate replacement cost, with wind/hail deductibles structured deliberately instead of accepted by default.
- Loss of rents sized to real rent rolls and realistic rebuild timelines, which in Colorado now run longer than most owners assume.
- General liability for premises exposure: stairways, balconies, pools, parking, and snow and ice claims.
- Equipment breakdown for boilers, HVAC, and elevators.
- Crime and tenant discrimination coverage where the operation warrants it.
- Umbrella sized to unit count and amenity exposure.
Roofs decide your renewal
Underwriters price Colorado multifamily off the roof first. Age, material, and documentation of replacement drive both eligibility and your wind/hail deductible. We package roof data properly so your submission competes.
Four units or four hundred
Smaller multifamily often gets stuck in personal-lines products that fit badly. We place true commercial habitational programs from fourplexes up, and portfolio structures when you own several buildings.
Real valuations, no coinsurance surprises
We support insurance-to-value with current Colorado construction costs so a partial loss does not turn into a coinsurance penalty.
Apartment insurance FAQs
Why did my apartment building premium double?
Hail losses, reinsurance costs, and construction inflation have hit Colorado habitational property hardest. Many carriers cut capacity or left the class. The widest pricing gaps we see are between unshopped renewals and full-market submissions, which is exactly the work we do.
Should I require renters insurance from tenants?
Yes. Tenant policies pick up tenant belongings and liability, reduce subrogation against your program, and cost tenants little. We can help you standardize the lease requirement and even quote policies for your tenants.
My building is older. Is it still placeable?
Usually. Documented updates to roof, electrical, plumbing, and heating are what underwriters want to see. Knob-and-tube or aluminum wiring and fuse panels narrow the market but do not close it.
What does apartment building insurance cost per unit in Colorado?
Per-unit costs have risen sharply with hail losses and vary with roof age, construction, and deductible structure. The honest answer is a full-market quote on your actual building, which is exactly what an unshopped renewal never gets.
What coverage do lenders require on multifamily?
Replacement cost property coverage with the lender as mortgagee, loss of rents, liability, and often ordinance or law on older buildings. We read the loan's insurance requirements and build the program to pass review the first time.
Can I allow short-term rentals in my building?
Only with coverage that knows about it. STR activity in a conventional apartment program is a claim dispute waiting to happen; declared and properly placed, it is insurable. See our short-term rental page.
What is equipment breakdown coverage and do I need it?
It covers boilers, elevators, and HVAC systems for mechanical and electrical failure, which standard property forms exclude. For garden-style and mid-rise buildings it is inexpensive and routinely worth it.
Get your multifamily program reviewed
Send a rent roll and current declarations and we will map the market for your buildings.