A master insurance policy is a comprehensive insurance policy that covers the structure and common areas of a multifamily property. It’s the foundation of any apartment insurance strategy.
Key Coverages
- Property damage
- General liability
- Loss of income (business interruption)
Why a master policy Matters
Relying solely on tenant policies can leave major gaps. A strong master policy combined with tenant-level coverage ensures comprehensive risk management.
Reducing Claims with Supplementary Programs
Programs like TLL or damage waivers reduce the number of claims made against the master policy, preserving your claims history and lowering long-term premiums.
final thoughts
A master policy is essential, but enhancing it with tenant programs offers optimal protection.
