Insurance By Trade
Apartment Building Owner Insurance
Apartment Building Owner Insurance
Across the country, renting is seen as an affordable alternative to purchasing a home. In fact, 43% of Americans can’t afford to buy their own home, so they rely on the availability of rental properties. Consequently, this makes finding a suitable rental property major challenge for many. Here is a distinct opportunity for apartment building owners like you.
In the US there is one new renter every 32 seconds! Also this number of renters increases every day. In short, more renters for your properties mean more profits. Owning an apartment building can be a rewarding business.
Recommended POLICIES
- Commercial General Liability Insurance
- Commercial Property Coverage
- Loss of Income Coverage
- Equipment Breakdown Coverage
We will find the best coverage at the best price for your specific business and needs.
Why have a Apartment Building Owner Insurance?
But, just like any commercial venture, an apartment building owner has to consider the risks, along with the benefits. Whether it is personal injury caused by accidents at the building, fire risks or vandalism, finding the right apartment building owner insurance coverage is essential. This is where we come in.
Here at Small Business Liability, we have been providing apartment building owner insurance for over 20 years. In this time, we have built up the expertise needed to help you get the right small business liability insurance for your particular needs. Another reason to call us is that we find the best price for the best coverage.
5 Best Reasons to get Apartment Building Owner Insurance
Protect Your Reputation
Insurance protects against employees misrepresenting your company.
Plan For The Future
Insurance protects against unforeseen risks.
Lawsuit Protection
Vital protection in a litigious society.
Prevent Financial Ruin
Insurance helps your business survive disaster.
Get Peace of Mind
Insurance protects the little guy
“It will never happen to me!”
Small Business Liability insurance will save you financially. If you are held liable for injuries in your building it could be costly. Obviously, as an apartment building owner, you would not want to incur the cost that comes with injury or property damage.
As an apartment building owner, you are faced with many possible scenarios. For example, from slipping or falling. And what about fires? According to the National Fire Protection Association, fire departments in the United States respond to fire outbreaks, on average, every 24 seconds. After hearing a statistic like this, insurance seems vital, right?
The ideal insurance coverage is apartment building insurance that is affordable. At the same time your insurance must cover your building from different types of risks.
Apartment building insurance covers the replacement value of property. For example property that is damaged by fire. The good news is that building owners property insurance is written for such instances.
What if…
One of your tenants invites a friend for dinner. The friend slips and falls in the apartment and breaks his arm. The tenant blames you for the injury because you did not repair a broken stair. The angry tenant wants you to pay for the medical expenses.”
In such a situation, apartment building owner insurance provides coverage for these expenses.
Do you need Business Insurance?
Call Us: (888) 910-0520
What Apartment Building Owner Insurance Do I Need?
Commercial General Liability Insurance
This coverage protects rental property owners against claims of alleged or actual bodily injury or property damage to third parties (these include visitors, tenants, delivery persons, etc.). The general liability coverage is important in protecting you from lawsuits.
Commercial Property Coverage
This insurance coverage will protect you against the loss of your apartment building as well as other type of buildings and structures like offices, and garages, swimming pools, storage buildings and fences within the complex.
Loss of Income Coverage
This insurance coverage reimburses apartment owners for the loss of income due to damage by a covered loss (like fire or storm).
Equipment Breakdown Coverage
As a building owner, you might have heating and cooling units, for example. This insurance coverage will typically apply to such equipment breakdown. The loss must be sudden and accidental. Wear and tear is not included in this type of insurance policy.
Benefits of get insured by
Small Business Liability.com
Small Business Liability.com have created a comprehensive guide to the insurance required before starting a business for each of the specific professions listed below.
If you have any questions, we are staffed with experts in the insurance field willing to help.
With our expertice we can guide you to the right coverage for your business.
We know your time is really thight, but you can set up a call at any time, we are 24/7.