Apartments & Single Family Rentals
(Investment Properties)

 

We offer a comprehensive property and liability policy that addresses the particular coverage requirements of apartments:

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• Special causes of loss on building, contents, loss of income, and extra expense

• Back up of sewers and drains can be included as a cause of loss

• Building ordinance coverages (ordinance or law, demolition and increased cost of construction coverages)

• Liability for common areas (parking lot/space)

• Blanket building coverage with agreed amount available

• Definition of building can include walkways and fences

• Boiler and machinery coverage available

• Earthquake and flood coverage available

 

Apartment complexes, condominiums, or homeowner associations can also be submitted with additional considerations:

 

• Property manager included as an additional insured

• Liability for parking lots, playgrounds, lakes/ponds

• Coverage for exercise equipment/workout space, rental of party rooms, laundry facility

• Capacity for large property values

• Directors and officers coverage available

• Umbrella/excess coverage available

• Definition of building can include pools, maintenance sheds, trash dumpsters

• Landscape coverage (trees, shrubs, irrigation systems, etc.)

 

Other items to consider:

 

• Fine arts – decorations in rental offices

• Cyber liability – data breach, identity theft

• Crime – forgery or alterations, money, and securities

• Debris removal

• Claims expense

• Lock and key replacement

• Outdoor signs

• Utility service – direct damage