Multifamily Housing Insurance 
Boise, Idaho Falls, Logan, Still & Leavitt - Mountain Home, ID, Rexburg, Rigby, South Salt Lake, Tremonton, Twin Falls - Alta Insurance

Leavitt Select Insurance Services helps apartment owners, multifamily investors, and property management companies evaluate multifamily property insurance solutions that support both protection and performance. 

What Is Multifamily Housing Insurance? 

Multifamily housing insurance, sometimes referred to as habitational insurance, is designed to help protect rental housing properties from losses that can impact buildings, income, residents, employees, and ownership groups. This may include apartment buildings, apartment complexes, affordable housing communities, mixed-use residential properties, and larger real estate portfolios. 

A strong insurance program should do more than satisfy a loan requirement or lease obligation. It should help you understand where your greatest exposures are, how your policies respond, and what steps may help reduce your total cost of risk over time. 

Who We Help 

Leavitt Select Insurance Services works with a range of real estate and multifamily housing organizations, including: 

• Apartment owners 

• Multifamily investors 

• Property management companies 

• Real estate investment trusts 

• Multifamily developers 

• Affordable housing operators 

Whether you own a single apartment building, manage apartment complexes across multiple locations, or oversee a larger multifamily portfolio, your insurance needs evolve over time. 

Apartment Building and Multifamily Property Insurance 

Every multifamily property has its own risk profile. Location, construction type, property age, occupancy, amenities, maintenance practices, security measures, claims history, and tenant requirements can all influence your insurance options. 

Your insurance program may include: 

• Property insurance 

• General liability 

• Umbrella insurance 

• Environmental insurance 

• Equipment breakdown 

• Cyber insurance 

• Workers compensation 

• Builders risk 

We help you evaluate how these coverages fit together so you can make informed decisions about coverage limits, deductibles, exclusions, and risk financing options. 

A Strategic Approach to Multifamily Risk Management 

Insurance is one piece of a broader risk strategy. As insurance markets shift and property owners face higher costs, multifamily organizations need a more intentional approach to managing risk. 

Leavitt Select Insurance Services can help you look beyond traditional policy placement by reviewing: 

• Property and liability exposures across your portfolio 

• Loss trends and claims patterns 

• Deductible options and layered insurance structures 

• Contractual insurance requirements 

• Risk control opportunities 

• Alternative risk financing options 

• Renters insurance strategies 

This total cost of risk approach can help you see where your insurance dollars are going, where gaps may exist, and where operational changes may support better long-term outcomes. 

Multifamily Insurance Solutions for Property Management Companies 

Property management companies often balance the needs of owners, tenants, vendors, employees, and lenders. Insurance requirements can become complex, especially when managing multiple properties with different ownership structures or contract terms. 

We help property management teams review insurance needs tied to: 

• Managed locations 

• Vendor agreements 

• Tenant-related risks 

• Employee exposures 

• Claims reporting 

• Certificates of insurance 

• Contract requirements 

• Portfolio changes 

With the right process in place, your insurance program can support clearer communication and more consistent risk management across the properties you manage. 

Beyond Traditional Insurance: Multifamily Risk Strategies 

The multifamily housing industry continues to face pressure from rising property values, severe weather, claim frequency, insurance market changes, and increased scrutiny around compliance. A traditional renewal process may not be enough to address these challenges. 

Leavitt Select Insurance Services helps multifamily owners and operators explore strategies such as: 

• Total cost of risk analysis 

• Layered insurance structures 

• Captive solutions 

• Renters insurance strategies 

• Risk control planning 

• Claims review and advocacy 

• Portfolio-level insurance planning 

The goal is to help you move from a reactive insurance purchase to a more informed, long-term risk management strategy. 

Captive Renters Insurance Programs 

Multifamily owners are increasingly exploring captive renters insurance programs as part of a broader risk and revenue strategy. These programs may help owners and operators: 

• Improve net operating income 

• Offset rising insurance costs 

• Simplify compliance 

• Create an additional revenue stream 

• Support more consistent renters insurance participation 

A captive renters insurance program is not the right fit for every organization, but it may be worth evaluating as part of your larger multifamily insurance strategy. 

Work With a Multifamily Insurance Advisor 

Multifamily housing requires an insurance strategy that reflects the realities of property ownership, tenant exposure, financing requirements, and long-term portfolio growth. Leavitt Select Insurance Services can help you review your current program, identify areas of concern, and evaluate coverage options aligned with your business goals. 

Contact Leavitt Select Insurance Services to discuss multifamily housing insurance for your property or portfolio. 

Frequently Asked Questions

• Who needs a multifamily housing insurance policy?

  Multifamily housing insurance, sometimes referred to as habitational insurance, is essential for anyone who owns and operates a commercial residential property, regardless of how many tenants you have.

  Examples of properties that qualify for multifamily housing insurance include: condos, student dormitories, townhomes, boarding houses, apartments, rental homes, hotels, timeshares, and B&Bs.