Apartments & Property Owners Insurance
Owning and managing residential or commercial property comes with constant risk—from tenant injuries to storm damage and liability claims. At Pelican Shield Insurance Group, we provide insurance solutions designed to support landlords, real estate investors, and property management firms in Florida and Virginia.
Protect Your Properties – Inside and Out
Property owners are exposed to more than just wear and tear. Fires, hurricanes, tenant injuries, and lawsuits can result in significant financial loss—especially without the right protection in place.
At Pelican Shield Insurance Group, we work with apartment building owners, condo associations, landlords, and lessors to structure coverage that fits their buildings, tenants, and locations. Whether you’re managing a single multifamily property in Sarasota or a portfolio across Virginia, we help you understand your options so you can protect your investment.
Essential Insurance for Apartments & Property Owners
Real estate assets represent long-term investments—and long-term risks. These coverages help ensure you stay protected, no matter what comes your way.a
Helps cover buildings, detached structures, signage, and property contents from damage caused by fire, theft, vandalism, or severe weather.
Protects against claims if a tenant, visitor, or contractor is injured on your property or alleges your negligence caused damage.
Loss of Rental Income Insurance
Replaces rental revenue if your property becomes uninhabitable due to a covered event like a fire or storm.
Building Ordinance or Law Coverage
Covers the cost of bringing damaged buildings up to current building codes during repairs or reconstruction.
Equipment Breakdown Insurance
Covers central systems like HVAC, boilers, or elevators in the event of mechanical failure or electrical damage.
Why Property Owners Work With Pelican Shield Insurance Group
Guidance Through Compliance & Leases
We assist in reviewing lease agreements and property contracts to identify insurance requirements and coverage gaps—helping you stay protected.
Fast COIs for Vendor & Tenant Requests
Need to provide proof of insurance to a contractor, tenant, or lender? We aim for a 1-business-day turnaround to keep your operations running smoothly.
Options That Fit Your Property Portfolio
We work with multiple carriers to provide competitive quotes for single locations or multi-property portfolios across Florida and Virginia.
Apartments & Property Owners Insurance FAQs
What insurance do I need to rent out a building in Florida or Virginia?
At minimum, you’ll want property and general liability coverage. Depending on your setup, you may also need loss of income, ordinance & law, or workers’ compensation if you have on-site staff.
Is wind or hurricane damage covered automatically in Florida?
Not always. Many carriers exclude wind or named storm coverage in coastal Florida unless added separately. We help you explore windstorm and deductible buyback options based on your property’s location.
What if I hire contractors or maintenance crews?
If you hire independent contractors, you may be responsible for any damage they cause if they aren’t properly insured. It’s a good practice to require COIs and confirm active coverage before allowing them on-site.
How is rental income protected in the event of a disaster?
Loss of rental income coverage reimburses you for missed rent payments if a covered event—like fire or flood—makes your units temporarily unlivable.
Can I insure multiple apartment buildings under one policy?
Yes. Many investors in both Florida and Virginia bundle multiple properties under a master policy, which can streamline billing and sometimes reduce overall premium costs.
