Apartment Insurance

Protect your residential property and assets through a customized, affordable State Farm® Apartment Insurance Policy.

Why you need Apartment Insurance

Don’t let the risks of everyday life affect your property or rental income potential.

Apartment Insurance, designed specifically for apartment owners, covers you against:

  • Fire
  • Mother Nature
  • Careless tenants
  • Damage or repairs that could make your property temporarily unusable
  • Lawsuits when injuries occur on your property

What Apartment Insurance covers

We’ll start with a package of coverages most landlords need. Then we’ll help you customize them to fit your unique business. The result? A policy that keeps you properly covered at a surprisingly great rate.

  • Building Property coverage protects the apartment building you own and other structures on premises, such as garages, storage buildings, swimming pools, fences, etc. It also includes owned personal property used to maintain or service the building and premises.
  • Comprehensive General Liability protects you against covered claims or lawsuits when someone is injured on your property.
  • Loss of Income covers the actual loss of rental income you experience from covered property damage that causes a suspension of your rental operations.
  • Equipment Breakdown coverage protects against damage to covered property caused by mechanical breakdown of covered equipment, artificially generated current damaging covered equipment, explosion of steam boilers or loss of steam/hot water boilers.
  • Tenant Move Back Expenses covers expenses that you incur to move your tenants back to the described premises from a temporary location in the event a covered loss caused them to be displaced from their unit(s).
  • Heating or Air Conditioning Loss Reimbursement provides reimbursement for payments made to a tenant as a result of the complete loss of heating or air conditioning to a tenant's leased unit due to covered mechanical breakdown or electrical failure of the heating or air conditioning system.

Consider adding additional coverages

Some landlords need additional coverage to deal with increased risk. Not a problem because your State Farm agent will work with you to understand and help meet your needs.

Data compromise and identity restoration

Provides coverages that work together to help your business and you get back on track after a data breach occurs or if you, the business owner, becomes a victim of identity theft.

Ordinance or Law

Ordinance and law covers the increased cost to upgrade the building due to enforcement of municipal laws and ordinances following a covered claim.

Life insurance and buy-sell agreements

Life insurance and buy-sell agreements often make sense for landlords and property management companies with two or more partners.

Rated “the best overall” insurance company for small business

We’re not ones to brag (okay maybe a little), but Investopedia
recognized State Farm insurance as the top choice for small businesses 1 like yours. Here’s why:

Agent know-how

Our agents are business owners too. They understand the unique needs of small business owners.


Customizable insurance

We offer an array of coverage options that can be combined into one policy for you.


Exceptional service

Since 1935, we’ve been here to help small business.

Talk to a local State Farm agent