Apartment Building & Multifamily Insurance | PrimeWest Insurance

Coverage Designed to Protect Your Property Investment

From small apartment buildings to larger multifamily portfolios, we help identify property risks, uncover coverage gaps, and build protection designed to safeguard your investment, rental income, and liability exposure.

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It’s More Than Just the Building

From tenant liability and property damage to lost rental income and equipment failures, apartment building ownership comes with unique risks.

We help identify exposures, uncover coverage gaps, and build protection designed to safeguard your investment.

Property & Structures

Protects your building and attached structures against covered losses such as fire, wind, vandalism, and other property damage. Helps ensure your investment can be rebuilt at today’s construction costs.
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Rental Income Protection

Helps replace lost rental income when a covered loss makes units temporarily uninhabitable, protecting cash flow while repairs are completed.
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Liability & Tenant Risk

Provides protection when tenants, guests, or visitors are injured on your property. Helps cover legal expenses, medical costs, and liability claims.
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Equipment & Systems

Protects critical building systems such as HVAC, boilers, water heaters, electrical systems, elevators, and other essential equipment from unexpected breakdowns.
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Risk Exposure Map — PrimeWest Insurance

Risk exposure

Where Apartment Owners Face the Greatest Risk

The most common and costly exposures facing apartment building owners—and where standard insurance policies often leave critical protection gaps.

High exposure
Medium exposure
Emerging Risk
Water damage
Critical
Plumbing failures are the single leading cause of multi-unit property claims. One burst pipe can cascade across several floors and displace multiple tenants.
95 / 100
Tenant liability
High
Slip-and-falls in stairwells, parking lots, and common areas create consistent claim exposure. A single lawsuit can quickly exceed standard liability limits.
80 / 100
Fire & smoke
High
Kitchen or electrical fires can displace entire buildings and trigger months of lost rental income. Smoke damage alone often costs more than the fire itself.
72 / 100
Rental income loss
Medium
Even a 4–6 week vacancy during repairs creates serious cash flow strain on leveraged properties. Most landlords underestimate how quickly it compounds.
65 / 100
Equipment failure
Medium
Boiler, elevator, and HVAC breakdowns are excluded from most standard property policies — and repair costs are far higher than most owners anticipate.
50 / 100
Cyber / data breach
Emerging
Online rent portals, digital lease agreements, and stored tenant data create emerging exposure most landlords haven’t yet addressed in their coverage.
30 / 100

Risk ratings are illustrative estimates based on industry claim trends and are not a guarantee of loss frequency, severity, or future results. Coverage needs vary based on property size, location, occupancy, maintenance practices, and other factors.

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Ready to Protect Your Property Investment?

Tell us about your property and we’ll build coverage around your actual risks — not a generic policy.

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  • Specialists in Multi-Unit Properties
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Speak With a Multifamily Insurance Specialist — (866) 920-2622