REInsurePro has launched a new insurance program targeting larger apartment complexes, entering a segment that has experienced carrier withdrawals and rising premium costs in recent years.

The new offering, called REInsureProHab, is an annual property and liability insurance program designed for apartment complexes with 21 or more units. The program is available through REInsurePro’s appointed independent agents and focuses on multi-family residential properties.

According to REInsurePro, the program provides tailored underwriting and scalable protection for larger habitational risks. Seth Markum, senior vice president of specialty programs, said the launch aligns with the company’s focus on specialized real estate insurance solutions.

“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 with an A- rating from AM Best.

REInsureProHab includes dwelling coverage for direct physical damage caused by perils such as fire, lightning, windstorm and hail, vandalism, theft, and named windstorm events. Investor clients may choose between Basic and Special Form coverage. The program offers up to $15 million in total insured value.

The liability portion addresses claims arising from incidents at insured properties. Examples include slip-and-fall accidents and carbon monoxide leaks. Coverage also extends to amenities such as pools, clubhouses, and shared laundry facilities if they comply with applicable codes.

Liability limits begin at $1 million per occurrence and $2 million aggregate. For locations that meet underwriting requirements, limits can increase to $2 million per occurrence and $4 million aggregate.

Eligibility requirements apply to multi-family properties with 21 or more units that were built in 1980 or later. In Texas, eligible properties must generally have been built in 1990 or later. Older buildings may qualify if they underwent complete renovations, including updates to wiring and plumbing systems. Mixed-use properties with light commercial exposure may also qualify.

The program is not available in Alaska, Hawaii, or Los Angeles County. In addition, California and Colorado properties must meet wildfire scoring requirements. Florida and other Tier 1 locations remain subject to XNS coverage availability.

Optional coverage enhancements include flood insurance, terrorism and political violence coverage, ordinance or law coverage, and a Tenant Protector Plan.

The launch comes as the multi-family insurance market continues to face pricing and capacity challenges. Research released by the Federal Reserve in 2025 showed that insurance costs for multi-family properties increased from $39 per unit per month in 2019 to $68 in 2024 when adjusted for inflation.

Marsh McLennan’s “Real Estate Risk and Resilience for 2026” report stated that multi-family coverage has shifted largely into the surplus lines market, where terms have tightened, and available limits have decreased.

Meanwhile, Smart Choice’s 2026 market outlook identified social inflation and nuclear verdicts as factors contributing to higher excess-layer liability rates for habitational risks.

Industry observers have also noted underwriting distinctions based on property size. Guidance from Steadily noted that larger apartment complexes often require commercial insurance placements rather than Business Owners Policies, while Reshield reported that high-rise multi-family properties carry greater loss exposure than smaller habitational accounts.

The Baldwin Group released its Q1 2026 Market Pulse Report, highlighting growing differences across commercial insurance lines as property pricing continued to soften while casualty pressures persisted. The report marks the sharpest divergence in property and casualty pricing trends since the company launched it in Q4 2024.

Property and Workers’ Compensation Continue Softening

According to the report, commercial property pricing declined 7.1% in Q1 2026, reaching its steepest negative reading on record. The company attributed the continued softening trend to strong market capacity and increased competition among carriers. Workers’ compensation pricing also continued its gradual decline, dipping 0.9%.

Leslie Nylund, national managing director of broking and insurance company partnerships at The Baldwin Group, said market conditions are no longer moving in a single direction. She noted that as conditions continue to diverge across lines, understanding how different risks interact has become increasingly important, as decisions in one area can affect outcomes across an entire insurance program.

Casualty Lines Face Ongoing Litigation and Severity Pressures

Several casualty lines continued to face upward pressure during the quarter. General liability pricing moderated to 6.1%, down from 9.3% in Q4 2025, but the report noted that social inflation and litigation trends continued to influence the market. Commercial auto pricing also slowed slightly to 5.7%, although severity drivers such as nuclear verdicts and rising vehicle repair costs remained elevated.

Umbrella coverage pricing increased 8.2% during the quarter, reversing a three-quarter deceleration trend. The report cited continued social inflation pressure and nuclear verdicts as contributing factors.

Cyber and Management Liability Show Mixed Market Conditions

Cyber insurance pricing returned to positive territory at 1.1%, signaling early signs of firming conditions amid increased threat activity. Meanwhile, management liability conditions remained mixed. Private market pricing increased 3.3%, down from 4.8% in the previous quarter, while competition in public directors and officers liability programs continued to push pricing down 3.5%.

Baldwin Report Highlights Growing Segmentation Across Insurance Lines

The report stated that current market conditions are expected to continue throughout 2026. Property and workers’ compensation lines are expected to remain softer, while casualty lines may continue to face sustained pressure. The report also noted that underwriting segmentation has become a defining characteristic of the current market cycle, with underwriters placing greater emphasis on risk quality and documentation.

Nylund added that while the property market continues to provide pricing relief for many insureds, casualty uncertainty remains. She also said that although some areas are showing moderation through selective competition, structural underwriting concerns have not changed. According to Nylund, data and analytics remain important tools for improving renewal outcomes and increasing certainty for underwriters.