When Are Unit Renters and Owners Responsible for Insurance Coverage?
Your association's or apartment's master policy will typically cover liability issues and covered property losses that occur in common areas such as your lobby and hallways. But in-unit losses are typically the responsibility of the unit owners or tenants. That's why it is important for your condo association’s bylaws or the rental lease to require unit owners and tenants to carry their own insurance."
Our insurance and risk management program can help protect you in many important ways. It is key protection that helps to insulate your finances after a covered loss. With it, you can rest assured that claims will be handled quickly and efficiently."
You’ll Find Confidence With Complete Condo Association Coverage
Apartments and associations come in all shapes and sizes. Let us help you build an insurance and risk management program that meets your needs and gives you the protection your business needs.
If your buildings are damaged, our property coverage works hard to help you repair or rebuild quickly. We also help cover the loss of rent payments you might face while the repairs are being completed.*
Auxiliary structure coverage
If you have additional buildings and structures that service your property - such as vehicle garages, storage buildings, fences, swimming pools, and club houses - we've got a policy specifically for you. Our agents can custom-build coverage to match the contours of all your business needs.
General liability protection
Accidents happen! Make sure you're protected from bodily injury, property damage, and personal and advertising injury expenses that arise from the operations of your apartments or association.
Medical expense coverage
Regardless if your business is liable or not, this coverage helps cover the cost of immediate medical care for injuries that take place on your premises.
Commercial umbrella liability policy
This policy provides additional protection on top of your primary general liability coverage to give you extra security against legal and financial accidents.
Safeguard your properties with a flood insurance policy offered through the National Flood Insurance Program.
Tools to Help You Protect Your Business
At American Family Insurance, our goal is to be with you every step of the way — protecting your apartment complex or association. This is why we’re offering these free resources to support you.
Save time by learning about state tenant laws, background checks, managing your properties and reducing risk all in one place by visiting our Landlord Toolbox.
From proactive planning tips to ideas for protecting your bottom line, our articles provide smart advice for safeguarding your business and empowering your dreams.
*These summaries represent only a brief description of select coverages. Coverage features and limits vary by state. Some products are not available in every state. Talk to your American Family Insurance agent who can explain what options are smartest for protecting your unique dreams.