Apartment Building Owners Insurance

Apartment Building Owners Insurance

Apartment building insurance — written as a commercial habitational policy — protects residential income property owners from the exposures that come with renting units to the public. Unlike a standard homeowners policy, a commercial habitational policy provides building coverage at replacement cost…

Key Coverages for Apartment Building Owners Businesses

• Building coverage at replacement cost — including appliances and fixtures in units
• Loss of rental income when units are uninhabitable after a covered loss
• Commercial general liability for premises slip-and-fall and tenant injury claims
• Equipment breakdown for boilers, HVAC, elevators, and central systems
• Crime coverage for employee dishonesty and building fund theft
• Umbrella/excess liability above the primary GL limit