REInsurePro has launched a new insurance program targeting larger apartment complexes, entering a segment that has experienced carrier withdrawals and rising premium costs in recent years.
The new offering, called REInsureProHab, is an annual property and liability insurance program designed for apartment complexes with 21 or more units. The program is available through REInsurePro’s appointed independent agents and focuses on multi-family residential properties.
According to REInsurePro, the program provides tailored underwriting and scalable protection for larger habitational risks. Seth Markum, senior vice president of specialty programs, said the launch aligns with the company’s focus on specialized real estate insurance solutions.
“The development of REInsureProHab reflects our continued commitment to delivering niche insurance solutions for agents and their investor clients, while supporting both as they grow their businesses in the real estate market,” Markum said.
The program is underwritten by a carrier with an A- rating from AM Best.
REInsureProHab includes dwelling coverage for direct physical damage caused by perils such as fire, lightning, windstorm and hail, vandalism, theft, and named windstorm events. Investor clients may choose between Basic and Special Form coverage. The program offers up to $15 million in total insured value.
The liability portion addresses claims arising from incidents at insured properties. Examples include slip-and-fall accidents and carbon monoxide leaks. Coverage also extends to amenities such as pools, clubhouses, and shared laundry facilities if they comply with applicable codes.
Liability limits begin at $1 million per occurrence and $2 million aggregate. For locations that meet underwriting requirements, limits can increase to $2 million per occurrence and $4 million aggregate.
Eligibility requirements apply to multi-family properties with 21 or more units that were built in 1980 or later. In Texas, eligible properties must generally have been built in 1990 or later. Older buildings may qualify if they underwent complete renovations, including updates to wiring and plumbing systems. Mixed-use properties with light commercial exposure may also qualify.
The program is not available in Alaska, Hawaii, or Los Angeles County. In addition, California and Colorado properties must meet wildfire scoring requirements. Florida and other Tier 1 locations remain subject to XNS coverage availability.
Optional coverage enhancements include flood insurance, terrorism and political violence coverage, ordinance or law coverage, and a Tenant Protector Plan.
The launch comes as the multi-family insurance market continues to face pricing and capacity challenges. Research released by the Federal Reserve in 2025 showed that insurance costs for multi-family properties increased from $39 per unit per month in 2019 to $68 in 2024 when adjusted for inflation.
Marsh McLennan’s “Real Estate Risk and Resilience for 2026” report stated that multi-family coverage has shifted largely into the surplus lines market, where terms have tightened, and available limits have decreased.
Meanwhile, Smart Choice’s 2026 market outlook identified social inflation and nuclear verdicts as factors contributing to higher excess-layer liability rates for habitational risks.
Industry observers have also noted underwriting distinctions based on property size. Guidance from Steadily noted that larger apartment complexes often require commercial insurance placements rather than Business Owners Policies, while Reshield reported that high-rise multi-family properties carry greater loss exposure than smaller habitational accounts.
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