Multifamily insurance covers apartment complexes and other rented residential buildings against property damage, liability in shared spaces, and lost rental income. Legends Elite Solutions compares multifamily coverage across Texas — from Austin and San Antonio to Houston and Dallas-Fort Worth — where rapid apartment growth makes coverage that keeps pace with a portfolio especially important.
Inquire NowPools, gyms, parking lots, and hallways create injury exposure that a single-family home policy was never built to handle.
Fire, water, or storm damage can take units offline for months — without loss-of-rents coverage, that income gap comes straight out of cash flow.
Unlike a vacant loss, repairs often happen with tenants still living on-site, which affects both claims handling and liability exposure.
Most multifamily properties are professionally managed. If that's the case for your portfolio, Legends also offers a partner program built specifically for property management companies — separate from the coverage placed on the buildings themselves.
See the Property Manager Program
Multifamily policies typically cover the building structure, common-area business personal property, liability for injuries in shared spaces like pools and parking lots, and loss of rental income after a covered event. Exact coverage varies by carrier and property.
Many multifamily policies include business interruption or loss-of-rents coverage, which can reimburse rental income lost while a unit is being repaired after a covered loss. Terms and limits vary by policy.
Yes. Legends works directly with the management company on coverage for the properties they oversee, and separately offers a partner program for management companies — ask your advisor for details.