Apartment Insurance Program from J.L. von Arx & Associates
J.L. von Arx & Associates offers a specialized Apartment Insurance program designed for residential buildings up to five stories with five or more habitational units. This program is ideal for agents and brokers seeking dependable coverage options for apartment property owners in select western states. If your client has fewer than five units, refer to our Dwelling Program for a more appropriate fit.
Ideal Accounts and Appetite
This program targets standard apartment buildings that meet the following criteria:
- Buildings no more than five stories tall
- A minimum of five habitational units
- At least 60% occupancy
- No more than 50% subsidized housing or student renters
Mixed-use risks with mercantile exposures may also be eligible, provided tenants carry General Liability insurance and list the property owner as an additional insured. This program is an excellent fit for agents with clients who own mid-size apartment complexes or mixed-use residential buildings with retail tenants.
Coverage Highlights and Advantages
J.L. von Arx & Associates enhances its apartment coverage options with key underwriting features, including:
- Smoke detectors required in all units
- Optional Assault and Battery coverage available
- Pool liability considered, subject to safety features:
- Fencing with self-closing, self-locking gates
- Lifesaving ring and shepherd’s hook
- Drain suction safety devices as required by federal standards
These requirements are designed to help reduce liability exposure and improve risk profiles for eligible accounts.
Underwriting Notes and Minimum Premium
Minimum premium for this program starts at $500. Accounts must meet underwriting guidelines, including safety and occupancy standards. Certain risks are prohibited, such as buildings wired with aluminum wiring. Underwriters will also evaluate tenant mix, property condition, and supplemental amenities such as pools or retail operations.
Territories and Availability
This Apartment Insurance program is available in the following states:
- Arizona (AZ)
- California (CA)
- Nevada (NV)
Admitted markets are available in some of these states, depending on the specific risk. J.L. von Arx & Associates partners with multiple carriers to offer flexible options for both admitted and non-admitted placements.
Why Work With J.L. von Arx & Associates
As a seasoned Managing General Agency and Excess & Surplus Lines Broker, J.L. von Arx & Associates brings deep expertise in habitational risks and access to multiple carriers. Their focused underwriting approach allows brokers to confidently place apartment risks that fall within a defined appetite. Whether your client owns a suburban apartment complex or a mixed-use building with ground-floor retail, this program offers a practical solution backed by experienced professionals.