Multi-Unit Property Insurance
Specialized coverage for duplex, triplex, and fourplex properties. Protect your multi-family investment with comprehensive landlord and property insurance.
Multi-Unit Coverage Options
Multi-unit properties face unique risks that require specialized insurance coverage. Whether you live in one unit and rent the others, or own the property purely as an investment, we have coverage options designed for your situation.
Building Coverage
EssentialProtects the entire structure of your multi-unit property from fire, severe weather, vandalism, and other covered perils affecting all units.
Loss of Rental Income
IncludedCompensates for lost rental income from all units if your property becomes uninhabitable due to a covered loss, protecting your cash flow.
Liability Protection
IncludedCovers legal costs if tenants or visitors are injured on your property, or if damage occurs to neighboring properties from your building.
Tenant Damage Coverage
OptionalProtects against intentional or accidental damage caused by tenants to your property, including vandalism and excessive wear and tear.
Owner-Occupied Unit
AvailableSpecial coverage for multi-unit properties where you occupy one unit and rent out the others, combining homeowner and landlord protection.
Systems & Equipment
OptionalCovers shared building systems like heating, plumbing, electrical, and appliances that service multiple units in your property.
What Affects Multi-Unit Insurance Rates?
Several factors influence the cost of insuring your multi-unit property. Understanding these can help you get the best coverage at the best price.
Number of Units
More units mean more potential claims. Duplexes are typically less expensive to insure than fourplexes.
Building Age & Condition
Older buildings with outdated electrical, plumbing, or roofing may have higher premiums or require updates.
Location
Postal code affects rates due to local crime rates, fire station proximity, and weather risks.
Occupancy Type
Owner-occupied properties may have lower rates than fully tenant-occupied buildings.
Claims History
Previous claims on the property can affect rates. A clean claims history helps lower premiums.
Tenant Screening
Some insurers offer discounts for landlords who conduct thorough tenant screening and credit checks.
Multi-Unit Property FAQs
Do I need different insurance if I live in one unit?
Yes. If you occupy one unit and rent the others, you need a policy that combines homeowner coverage for your unit with landlord coverage for the rental units. This is different from a purely investment property policy.
What's the difference between a duplex and a two-family dwelling?
For insurance purposes, these are typically treated the same way. A duplex is a building with two separate living units, each with its own entrance. Coverage requirements are similar regardless of the term used.
Are my tenants' belongings covered?
No. Your landlord policy covers the building and your belongings used to maintain the property. Each tenant needs their own tenant insurance to protect their personal belongings.
What happens if one unit is vacant?
Having a vacant unit can affect your coverage. Most policies have vacancy clauses that may limit or void certain coverages if a unit is unoccupied for 30+ days. Notify your broker if you have extended vacancies.
Can I require tenants to have insurance?
Yes, and we recommend it. Requiring tenants to carry tenant insurance protects both you and them. It can also reduce your liability exposure as a landlord.
Get Your Multi-Unit Quote
Specialized coverage for duplex, triplex, and fourplex properties. Protect your investment.
What You'll Need for a Quote
- Property address and building details
- Number of units and unit sizes
- Current rental income information
- Building age and recent updates
- Owner-occupied or fully rented
Related Coverage
Get Your Multi-Unit Quote
Specialized coverage for your multi-family investment property.
Call 416-628-1962ProtectYourMulti-UnitInvestment
Get specialized coverage for your duplex, triplex, or fourplex property. Expert guidance for landlords and property investors.