Top Requirements to Get an Apartment Building Insurance Quote
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 21
- 2 min read
When requesting an apartment building insurance quote, preparation is key. Insurance companies require specific details to properly evaluate risk, determine coverage eligibility, and calculate pricing. Having this information ready can dramatically speed up the quote process and help you secure better terms.
Below are the top requirements to get an apartment building insurance quote.
1. Property Details and Building Information
Insurance companies need a clear overview of the property, including:
Year built and construction type (frame, masonry, fire‑resistive)
Number of units and total square footage
Number of stories
Occupancy type (market‑rate, affordable, mixed‑use, student housing)
Construction and occupancy play a major role in pricing and carrier eligibility.
2. Roof, Electrical, Plumbing & HVAC Information
Insurers closely review major building systems since they are common claim drivers. Be prepared to provide:
Roof age and material
Electrical system type and upgrades
Plumbing materials (copper, PEX, galvanised)
HVAC installation dates
Well‑maintained systems can significantly improve insurability and premium pricing.
3. Property Valuation & Coverage Type
You’ll need an estimated replacement value for the building, not just market value. Most insurers recommend replacement cost coverage to avoid depreciation penalties after a loss.
Accurate valuation helps prevent under‑insurance and claim disputes.
4. Prior Insurance and Claims History
Insurance carriers typically request:
Current or prior policy information
Loss runs for the past 3–5 years
Details on prior claims (fire, water damage, liability)
A clean loss history often leads to more carrier options and better pricing.
5. Safety & Risk Management Features
Carriers look favourably on properties with:
Fire alarms and sprinkler systems
Security lighting and cameras
Controlled access entry systems
Regular maintenance programs
These features can positively affect underwriting decisions.
Get Your Apartment Building Insurance Quote Faster
Working with an agency that specialises in multifamily insurance helps ensure your quote request is complete and submitted to the right carriers.
Wexford Insurance works with insurance companies that insure apartment buildings nationwide. We help property owners navigate requirements, avoid delays, and secure competitive coverage.
👉 Request your apartment building insurance quote today at Wexford Insurance
