Honeycomb Landlord Insurance in Illinois: Rental Buildings and Condo Associations

Longmeadow quotes Honeycomb for Illinois rental property: Chicago two-flats and three-flats, small apartment buildings, single-family rentals and condo associations. Honeycomb insures only residential real estate, and it writes landlords on a commercial package that combines property, general liability and business income, the structure that fits a building you own as an investment better than a homeowners form ever will.

Honeycomb describes its focus plainly: condo and homeowner associations, building owners, property managers and developers, and nothing else. It does not sell standard homeowners insurance. Honeycomb is an admitted carrier in Illinois, rated “Excellent” (A-) by AM Best for financial strength, and it sells through appointed agents like Longmeadow as well as online.

What a Honeycomb Landlord Policy Includes

Coverage	What it does for a rental building
Building property	Repairs or rebuilds the structure after a covered loss such as fire, wind or hail, up to the limit; Honeycomb insures buildings up to $35 million
Business income	Replaces lost rent while a damaged building is repaired
General liability	Defends and pays covered injury claims, such as a tenant’s guest hurt on a broken step
Excess liability	Adds liability above the package, in $1 million increments up to $5 million
Water and sewer backup	Water that backs up through drains, a common basement loss in Chicago buildings
Enhanced ordinance or law	Code upgrades the city requires when part of an older building is rebuilt
Equipment breakdown	Boilers, water heaters and building systems that fail suddenly
Certified terrorism	Available for acts certified as terrorism by the federal government

Honeycomb also offers employee dishonesty, computer fraud and forgery coverage, which matter most to associations and property managers that handle money. Options and limits depend on the property and the quote.

Why Honeycomb Fits Chicago Rental Buildings

Chicago’s rental stock is old. Two-flats, three-flats and courtyard buildings from the early 1900s are common in Lakeview, North Center and Wicker Park, and many carriers restrict or decline them because of age. Honeycomb lists no building age restrictions, and its ordinance or law enhancement addresses the code upgrades an older building faces when part of it has to be rebuilt. Our guide to insuring two-flats and three-flats in Chicago walks through the owner-occupied and fully rented versions of those buildings.

Honeycomb also uses a photo-based self-inspection on your phone in place of a site inspection, and it can produce quotes quickly once the property details are in. That makes it practical to compare against other options without slowing down a closing or a renewal.

The Coinsurance Clause on a Landlord Policy

Commercial property policies, Honeycomb’s included, usually carry a coinsurance clause. It expects the building to be insured to its full value. If it is insured for less, the policy can pay only a share of even a small claim. A building insured for 70% of its value may see roughly 70% of a covered loss paid, less the deductible. The fix is a current replacement cost estimate and a limit that keeps pace with construction costs, which we review at every renewal.

Condo and Homeowner Associations

Condo associations are a core Honeycomb market. A Honeycomb association policy can combine the master property and liability coverage with crime coverage for association funds, and unit owners can download their own certificates of insurance online, which saves the board and the property manager a stream of requests. Our condo association insurance page covers the board’s side of the coverage, including directors and officers liability.

Honeycomb, Foremost or Another Carrier

Which carrier fits depends on the building and how you own it. A single rental house or a condo unit you rent out is often written on a dwelling or landlord policy, which is where Foremost and our other personal lines carriers come in. A multi-unit building, a portfolio, a property held in an LLC, or an association is usually a better fit for a commercial package like Honeycomb’s, and larger commercial buildings may belong on a lessor’s risk policy. Longmeadow, founded by Tom Firestine, CPCU, RPLU, after over two decades in insurance, quotes each option that fits and shows you the differences in limits, deductibles and price.

Frequently Asked Questions

Is Honeycomb a good landlord insurance company?

Honeycomb focuses only on residential real estate: rental properties, apartment buildings and condo associations. It is an admitted carrier rated “Excellent” (A-) by AM Best and has no building age restrictions, which helps with older Chicago buildings. For any given building, we price it against the other landlord markets we use before recommending it.

Does Honeycomb insure two-flats and small apartment buildings in Illinois?

Yes. Honeycomb writes single-family and multi-family rental properties and apartment buildings in Illinois on a commercial package of property and general liability, with business income for lost rent.

Does Honeycomb sell homeowners insurance?

No. Honeycomb insures rental properties, apartment buildings and associations, not owner-occupied homes. If you live in one unit of a two-flat, we check whether a landlord package or a homeowners policy fits better.

Does Honeycomb cover condo associations?

Yes. Condo and homeowner associations are one of Honeycomb’s main markets, and unit owners can download certificates of insurance from Honeycomb’s site.

How do I get a Honeycomb quote through Longmeadow?

Call or text 847.242.1040 or use our online quote form. Have the address, number of units, year built, rents, any recent updates to the roof, plumbing and electrical, and your current declarations page ready.

This page provides general information, not a coverage determination. Honeycomb coverages, limits and eligibility vary by property, and every policy is subject to underwriting and its own terms. Honeycomb and related marks belong to their respective owners.

Coverage We Write

Call or text 847.242.1040 or request a quote online.