As an owner or manager of an apartment building, you have a great deal of property exposures that require the right type of insurance coverage in addition to the proper amounts and limits. Apartment Buildings Property Insurance is designed to cover:
- your real property
- rental income
- equipment breakdown
- sewer and drain backup
- debris removal
- and more
What’s more, your program can be enhanced with such coverage highlights such as guaranteed replacement cost on your property, contingent liability from building laws, business income and maintenance fees, and foundations, underground flues, pipes and drains. Be sure to discuss your specific needs with an independent insurance agent who has the experience and the company markets to address the property insurance needs of your apartment buildings.
Also, make sure you discuss the possibility of getting a master policy. In some instances, package policies are available where essential coverages are bundled into one multi-peril policy.