5 units or more
Apartment buildings, and smaller buildings owned by a corporation or LLC.
Apartment Building Insurance in California
Insurance for apartment buildings of 5 units or more, including buildings dropped for wildfire risk. A licensed broker quotes the property markets and the California FAIR Plan in one request.
Licensed in California
Menlo Insurance Services is the filed name of Opero Labs Inc. California license #6020106.
Eight brokers, one team
Our eight brokers work together as one Menlo team, so you can reach a person who understands your account.
Independent brokerage
We hold appointments with multiple carriers, so the quote is shopped rather than served from one shelf.
Buildings we place
Declined for wildfire
When the property markets say no, the FAIR Plan commercial fire policy covers up to $20 million per building.
Property and liability together
The FAIR Plan BOP adds liability for buildings up to 6 stories and 60 units, on a paper application we prepare.
Large portfolios
Up to $100 million per location. Over $20 million in total is a Commercial High Value policy.
What an apartment building policy can insure
The building
Fire, with extended coverage, vandalism and sprinkler leakage optional on the FAIR Plan.
Lost rents
Business income and extra expense while a covered loss is repaired.
Your property on site
Business personal property such as laundry and maintenance equipment.
Other structures
Carports, garages and separate buildings on the property.
FAIR Plan limits for apartment buildings
- 01
Per building
Up to $20 million.
- 02
Per location
Up to $100 million. Over $20 million in total is a Commercial High Value policy with a loss control survey.
- 03
Deductible
$500 to $75,000, or 1% to 15% of the value.
Property only, or property and liability
The FAIR Plan offers two ways to insure an apartment building. We help you pick and prepare the application.
Commercial Fire
Property only: the building, lost rents and your property on site. Liability is a separate policy.
Businessowners policy
Property plus liability, for buildings up to 6 stories and 60 units. It is a paper application that we prepare.
Photos and a site diagram
The FAIR Plan asks for a photo of each building and a diagram when there are several.
What to have ready
- Each building's address
- Units, stories, year built and square footage
- Construction and sprinklers
- Building value and annual rents
- A photo of each building
- Losses in the past five years
Related requests
California FAIR Plan only
Just the FAIR Plan, Commercial Fire or the BOP.
Vacant commercial building
A building more than 70% empty.
Rental homes of 1 to 4 units
Smaller rentals you own in your own name.
What sets the price
- Construction class
- Number of units and stories
- Sprinklers
- Building value and rents
- Deductible chosen
- Losses in the past five years
Questions we get asked
Does the FAIR Plan insure apartment buildings?
Yes. Buildings of 5 or more units go on the FAIR Plan commercial fire policy, up to $20 million per building. A 1 to 4 unit building owned by a business goes there too.
Does it include liability?
Commercial Fire does not. The FAIR Plan BOP includes liability for buildings up to 6 stories and 60 units. Otherwise liability is a separate policy.
What deductibles are there?
From $500 to $75,000, or 1% to 15% of the value.
Is a large building different?
Over $20 million in total insured value is a Commercial High Value policy, with a loss control survey and a temporary supplemental fee.
Can you write this where my business is?
We are currently licensed in California only. Start a quote if the business or risk is in California, and we will confirm eligibility before you spend time on it.
What happens after I start a quote?
Tell us about the coverage you need and complete the application. We use those details to approach suitable markets and may ask follow-up questions. Requesting a quote does not put coverage in force.
Review your coverage options.
A licensed broker can review eligibility and policy terms with you.