Is a landlord policy suitable for commercial properties?
Landlord policies are primarily for residential properties, although this certainly can include multi-unit properties. Specialized landlord policies, such as apartment complex insurance policies, might insure some of the largest multifamily residentials.
Commercial properties that aren’t residential often are better insured with a different type of policy, though, as commercial tenants present different risk considerations than residential tenants do. A mixed-use property also probably needs a different policy, although the policy likely would include many landlord protections.
Landlords should work with an insurance agent who specializes in residential property insurance when selecting a policy. A specialized agent will be able to guide them toward the best policy for their particular property.