City Multi-Family Insurance for Property Owners

Zurich’s City Multi-Family Insurance for Property Owners program addresses the needs of property owners with two to four units, including mixed-use, in designated cities. Both owner- and tenant-occupied properties are eligible. When owner-occupied, you get unique coverage that extends to both commercial and personal liability.

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Business owners: Contact your insurance agent or broker

Insurance agents

Call a specialist now 855-259-8050

Appetite

  • Size: 2-100 units and can include ground floor mercantile
  • $1 million to $3 million properties
  • Classes: apartment buildings, condos, co-ops, brownstones, mixed use
  • Single or multiple locations
  • No age limit on buildings for optional and flexible Flood and Earthquake coverage; sublimit applied and extended after underwriter review
  • Construction: joisted masonry or better; no age limit on building, subject to system upgrades
  • Brick veneer in Denver, CO; Minneapolis and St. Paul, MN
  • Frame in San Francisco, CA; Los Angeles, CA; Portland, OR; Seattle, WA; and Boston, MA (condos only)

Geography

We are currently writing in select metro areas in the following states and D.C.:

  • California, Colorado, District of Columbia, Illinois, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, Ohio, Oregon, Pennsylvania, Tennessee, Washington, Wisconsin

Ineligible risks

  • Buildings with one unit or over 100 units with more than 50% sq. ft. of mercantile exposure
  • Total insurable value (TIV) of over $25 million
  • Frame constructions if not located on West Coast

Coverages offered

  • "All-risk" policy form unless the loss or damage is excluded or limited by other provisions
  • Ordinance or law
    • Includes loss to undamaged portion of building
    • Additional limits for demolition cost
    • Additional limits for increased cost of construction
  • Replacement Cost with Agreed Amount endorsement
  • Backup of Sewers and Drains included
  • Terrorism (TRIA) coverage included automatically
  • Equipment Breakdown: building machinery, heating/cooling systems, miscellaneous electrical apparatus
  • Optional and flexible Flood and Earthquake coverage; sub-limit applied and extended after underwriter review
  • Optional Auto coverage
  • Employee Benefits coverage available
  • Online application
  • $1 million per occurrence/$2 million aggregate on Bodily Injury, Property Damage, Personal and Advertising Injury
  • Minimum AOP deductible $1,000 with $2,500 water damage deductible; AOP deductible options up to $10,000
  • Admitted
  • Competitively priced package policy that includes coverage for Equipment Breakdown, Backup of Sewer and Drains, Ordinance or Law (A, B and C)
  • Policyholders have access to vetted, qualified tradespeople via Sedgwick Repair Services.
  • Easy-to-complete application on our online portal
  • Automatic renewal process