Apartment Building Insurance in New York, Connecticut, and New Jersey
Apartment building insurance for properties with five or more residential units. Coverage for walk-ups, mid-rises, mixed-use buildings, and multifamily portfolios in New York, New Jersey, and Connecticut. We insure buildings in high-density areas, historic zones, and growing suburban corridors.
At Refine Risk, we work with landlords and real estate owners who own and manage apartment buildings throughout the Tri-State area. Our clients insure buildings in NYC, Westchester County, Fairfield County, and Northern New Jersey. With every policy is designed to meet lender requirements, protect rental income, and address location-specific exposures.
Apartment Building Insurance Coverages
Apartment building insurance protects your property, income, and liability exposure. Most apartment insurance policies include:
- Property coverage: Repairs damage from fire, storms, water, or vandalism
- General liability: Covers injury or property damage involving tenants or visitors
- Loss of rental income: Replaces rental income if units are uninhabitable after a covered loss
- Equipment breakdown: Covers HVAC, boilers, and elevators
- Ordinance or law: Pays for code-required upgrades during repairs or rebuilding
- Optional coverages: Flood, earthquake, and umbrella liability
Policies are structured based on building size, age, use, and region.
How Much Does Apartment Building Insurance Cost in NY, CT, or NJ
Premiums typically range from $500 to $2,100 per unit per year. Pricing depends on:
- Location and construction type
- Year built and system updates
- Number of units and total insured value
- Claims history
- Fire protection class and flood zones
- Required coverage limits
For more detail, see our Apartment Building Insurance Cost Guide.
For Owners of Multiple Apartment Buildings
If you own more than one building, you can:
- Combine all properties under one blanket policy
- Use a scheduled policy with separate limits for each location
We compare both options based on property size, lender terms, and ownership structure.
Consider Flood Insurance
Flood insurance may be required if your building is:
- Located in a FEMA-designated flood zone
- Financed by a lender that requires flood coverage
- At risk due to elevation, drainage, or past water damage
We provide elevation data, FEMA zone review, and options from both private and NFIP markets.
Common Insurance Risks for Apartment Buildings in the Tri-State Area
We insure buildings in:
New York
- Manhattan, Brooklyn, Queens, Bronx, Staten Island
- Westchester County: Yonkers, New Rochelle, White Plains, Scarsdale, Mount Vernon
- Hudson Valley & Long Island: Nyack, Newburgh, Huntington, Garden City
Connecticut
- Fairfield County: Stamford, Norwalk, Greenwich, Bridgeport, Danbury
New Jersey
- Jersey City, Hoboken, Newark, Fort Lee, Montclair
Common risk factors:
- Water damage from plumbing, weather, or roof issues
- Fire damage in older or pre-war buildings
- Liability claims from tenants, guests, or contractors
- High rebuild costs in dense urban or historic zones
- Required code upgrades after partial loss
We adjust coverage and deductible structures based on local risk profiles.
Meeting Lender Requirements
Lender expectations typically include:
- Full replacement cost for all structures
- General liability ($1M per occurrence, $2M aggregate)
- Loss of rents for 12+ months
- Lender-specific endorsements: Additional insured, waiver of subrogation, notice of cancellation
We deliver fast turnaround on certificates and compliance reviews.
To Get an Apartment Building Insurance Quote
- Share your building details (address, units, year built, occupancy)
- Receive a quote with coverage options and market comparisons
- Finalize coverage and receive policy documents
We manage certificates, lender documents, and renewals directly.
Working With Refine Risk
We work with owners who want more than a one-size-fits-all policy. Every decision is tied to your actual exposure, market conditions, and long-term plans. We support landlords who are scaling portfolios and need precision at every renewal.
Get a quote or schedule a review
Contact our team to get a quote today or call (914) 704-4200