Apartment Building Insurance

What do I need to know about Apartment Building Insurance?

If you are an apartment building owner, there are many important coverage’s to have when you are comparing apartment building insurance plans. Having an insurance program custom tailored to your unique needs is essential to your business. We work for you, not the insurance company. As an independent agency, we help you search the market and compare benefits and prices to get you the most comprehensive pricing and coverage’s. By working for you as our clients, we can help you find the necessary insurance coverage and protection while minimizing your costs and expenses.

Some important coverage’s to consider when insuring your apartment building is to make sure that you have enough coverage to replace your building in the event of a loss. Building costs and materials have steadily risen over the years – you want to make sure that you can rebuild your important asset. Once you determine the amount of insurance coverage you need, there are many ways to save on your apartment building insurance and keep your premiums lower. Some ways to reduce your insurance premium include having a higher deductible, being loss free for a period of years, and by owning a newer apartment building.

The apartment building owner must take into consideration liability insurance protection.

Insurance to Value: It is important to insure your building to the replacement value.

It is important to recommend that your tenants have their own renters insurance policy to properly cover their personal property and personal liability exposures.

Business insurance safeguards against many hazards that could affect your investment. You want an insurance company that can customize your coverage – minimize the gaps and avoid costly duplication’s. Our agency can help with this and more. From personal, professional service to fast, expert claims handling, to safety education and loss control services – we can help with all of your insurance needs.

Custom coverage that minimizes possible gaps and costly duplication’s

Condominium package policy’s offer a wide range of coverage for your association and your property and can be tailored to meet your specific insurance needs.

Competitive and flexible pricing

Our agency has access to many insurance carriers and can help you compare and find flexible pricing plans designed to reflect the unique characteristics of condominium associations, taking into consideration limits, coverage and deductible requirements, past loss experience and loss prevention efforts, and hazard control and safety protection features.

The high-quality service you deserve

You deserve quality and value for your premium dollars. And that is what you will get – customized coverage accompanied by excellent service through professional, knowledgeable and responsive insurance agents and claims representatives.

Optional coverage’s that you may be able add to your Condominium homeowners association package:

Employee Benefits Liability
Directors and officers coverage
Glass Deductible Buy-Back
Owned Commercial Auto
Back-up of Sewer and Drain – Damage caused to your property due to back up.
Hired and Non-Owned Auto
Earthquake Insurance

Other products available

You can complete your business and personal asset coverage with these additional insurance products:

Umbrella Liability coverage
No one expects to encounter a loss that exceeds the limits of his or her policy, but unfortunately in today’s business environment, liability lawsuits – resulting in large jury awards – can and do happen. Do you know if your current coverage offers sufficient protection against such events?

As the name implies, Commercial Umbrella insurance goes “over the top” of your existing business insurance liability coverage, offering $1 million or more of added financial security for your association.

Disclaimer: The information contained in this Web site is provided solely as a source of general information and resource. It is a not a statement of contract and coverage may not apply in all areas or circumstances. For a complete description of coverage’s, always read the complete insurance policy, including all endorsements and exclusions.