REInsurePro, a national program manager delivering real estate investment insurance to independent agents, has unveiled an offering for owners of larger multi-family buildings, stepping into a habitational segment battered by carrier retreat and steep premium hikes.
REInsureProHab is an annual property and liability insurance program for apartment complexes with 21 or more units. It gives multi-family residences tailored underwriting, stability, and scalable protection, keeping the coverages already available to REInsurePro appointed agents.
Seth Markum, senior vice president of specialty programs, said the launch fits the firm's focus on niche corners of the real estate market.
"The development of REInsureProHab reflects our continued commitment to delivering niche insurance solutions for agents and their investor clients, while supporting both as they grow their businesses in the real estate market," Markum said.
The program is underwritten by a carrier rated "A-" by AM Best.
Dwelling insurance covers direct physical damage from perils including fire, lightning, windstorm and hail, vandalism, theft, and named windstorm events. Investor clients can choose between Basic and Special Form coverage, with up to $15 million in total insured value.
The liability component responds to claims arising at the property, with loss examples including slip-and-fall accidents and carbon monoxide leaks. Protection extends to pools, club houses, shared laundry spaces, and similar amenities, provided they meet code.
Liability limits start at $1 million per occurrence and $2 million aggregate, rising to $2 million and $4 million for locations meeting underwriting guidelines.
REInsureProHab is open to multi-family properties of 21 or more units built in 1980 or later, with a 1990-or-later threshold in Texas. Older buildings that have had a total, down-to-the-studs renovation, including wiring and plumbing, may also qualify, and mixed-use locations with light commercial exposure are eligible.
The program is not available in Alaska, Hawaii, or Los Angeles County. California and Colorado risks must meet a qualifying wildfire score, while Florida and other Tier 1 locations are subject to XNS coverage availability.
Optional add-ons include flood, terrorism and political violence, Tenant Protector Plan, and ordinance or law coverage.
The backdrop is bruising. Earlier research from the Federal Reserve, released in 2025, showed multi-family property insurance costs climbing from $39 per unit a month in 2019 to $68 in 2024 in real terms, a jump of more than 75%.
Marsh McLennan, in its Real Estate Risk and Resilience for 2026 report, said multi-family coverage has shifted almost entirely to the surplus market, where terms are tighter and limits lower.
Habitational liability remains an outlier even as broader property lines ease, with Smart Choice's 2026 outlook pointing to social inflation and nuclear verdicts as forces lifting excess-layer rates.
The 21-unit cut-off is where standard carriers tend to bow out, leaving room for a specialty program manager to step in. Guidance from Steadily notes that Business Owners Policies suit small-to-medium operations, while larger complexes need true commercial placements.
Reshield has separately observed that high-rise multi-family risks carry heavier loss exposure than smaller habitational accounts, prompting program manager carriers to tier offerings by unit count.
