Multifamily insurance covers apartment complexes and other rented residential buildings against property damage, liability in shared spaces, and lost rental income. Legends Elite Solutions focuses on Austin and the surrounding Central Texas market, where rapid multifamily growth makes coverage that keeps pace with a portfolio especially important.
Inquire NowPools, gyms, parking lots, and hallways create injury exposure that a single-family home policy was never built to handle.
Fire, water, or storm damage can take units offline for months — without loss-of-rents coverage, that income gap comes straight out of cash flow.
Unlike a vacant loss, repairs often happen with tenants still living on-site, which affects both claims handling and liability exposure.
Most multifamily properties are professionally managed. If that's the case for your portfolio, Legends also offers a partner program built specifically for property management companies — separate from the coverage placed on the buildings themselves.
See the Property Manager Program
Multifamily policies typically cover the building structure, common-area business personal property, liability for injuries in shared spaces like pools and parking lots, and loss of rental income after a covered event. Exact coverage varies by carrier and property.
Many multifamily policies include business interruption or loss-of-rents coverage, which can reimburse rental income lost while a unit is being repaired after a covered loss. Terms and limits vary by policy.
Yes. Legends works directly with the management company on coverage for the properties they oversee, and separately offers a partner program for management companies — ask your advisor for details.