Start with the property and the actual terms.
Apartment owners should evaluate each building separately, including replacement value, common-area contents, number of units and stories, rental income, pools, basements, landscaping, lenders, and prior losses. Available private options may extend beyond federal-program limits for eligible properties.
What to compare
- Building limit by individual structure
- Common-area contents and equipment
- Available loss-of-rental-income protection
- Replacement-cost provisions
- Pools, basement contents, landscaping, deductibles, and waiting periods
Information to prepare
- Address and identifier for every building
- Unit and story count per building
- Building and contents values
- Annual rental income
- Statement of values, current policies, and loss history
Frequently asked questions
Can an apartment building be quoted online?
Eligible apartment risks can be entered through the online flood platform. Larger multi-building schedules may benefit from specialist assistance.
Is loss of rents automatically covered?
No. Available protection must be selected and shown in the quotation or policy, subject to its limit, waiting period, and conditions.
Coverage descriptions are general. Eligibility, coverage, limits, valuation, deductibles, exclusions, pricing, waiting periods, and availability vary. The quotation and issued policy control.