Mixed-Use Building Insurance
A building with stores on the ground floor and apartments above is really two risks under one roof. Commercial tenants, residential tenants, and shared systems can make underwriting more complicated, and coverage gaps can show up where those uses meet.
KB Insurance is a boutique independent brokerage. For over a decade, KB Insurance has been a boutique brokerage placing property, specialty and commercial risks, with creative solutions and a personal touch. We can help mixed-use owners make sense of their options.
What's Generally Covered
Coverage depends on the carrier, the policy terms, and underwriting. For mixed-use buildings, options may include:
- Property coverage for the building and certain owned equipment
- General liability for the premises, including common areas and sidewalks where applicable
- Loss of rents from both commercial and residential tenants after a covered loss
- Umbrella or excess liability for higher limits
- Equipment breakdown for building systems
- Review of tenant insurance requirements and certificates in commercial leases
Who It's For
- Owners of buildings with retail, restaurant, office, or service tenants plus residential units
- Investors who have just bought, or are refinancing, a mixed-use property
- Owners whose ground-floor tenant mix has changed (for example, a store becoming a restaurant)
What We Need to Quote
Start by entering the property address. A quote usually needs:
- Number of residential units and commercial units, and their square footage
- What each commercial tenant does (occupancy matters a lot to underwriters)
- Year built, construction type, and updates to building systems
- Current declarations, loss history, and copies of commercial leases if available
- Lender requirements, if any
Why Work With a Broker
Mixed-use properties don't always fit neatly into one company's standard program. As an independent broker, we can look at more than one market, explain the trade-offs, and help present your building clearly to underwriters. You'll also get a direct, personal point of contact.
Start a Quote: enter the property address to begin.
FAQs
Does a restaurant tenant affect my building insurance?
It can. Cooking operations often change how underwriters view a building. Tell us about each tenant and we can help review available options.
Should my commercial tenants carry their own insurance?
Many leases require it. We can help you review what your leases ask for and whether certificates are on file.
Can one policy cover both residential and commercial units?
Often, yes. It depends on the carrier and the building. We'll explain how the options compare.
What if my tenant mix changes mid-policy?
Let us know right away. A change in occupancy may need to be reported to your carrier.