THIS POST WILL COVER FOUR TYPES OF INSURANCE WORTH LOOKING INTO FOR YOUR APARTMENT BUILDING.
General liability policies assist in covering the legal expenses of a lawsuit if the injured person were to sue you, and a general liability policy also can help you cover the costs you’re legally obligated to pay to that person. And, it’s no surprise that lawsuits can get expensive — FAST.
GENERAL LIABILITY INSURANCE
PROPERTY INSURANCE
Your apartment building is a large investment for you, and property insurance can help protect you if the building is damaged by a covered loss. Because there are numerous disasters that could seriously damage the structure of your building, property insurance is incredibly important.
BUSINESS INCOME INSURANCE
Business Income Insurance can help reimburse the income loss you may experience when your building is out of commission due to a covered loss.
UMBRELLA INSURANCE
Umbrella policies provide coverage that go beyond what your liability policy provides. Once your liability policy is exhausted, your umbrella policy steps in to cover the remaining portion of the claim.
-Errors and Omissions Insurance -Employee Dishonesty Insurance -Crime Insurance -Cyber Liability Insurance -And More
OTHER APARTMENT-RELATED TYPES OF INSURANCE
SO HOW MUCH DOES
APARTMENT BUILDING INSURANCE
COST?
IT DEPENDS
The answer to this question will depend on what types of policies and how much coverage you choose. It also depends on the size of your apartment building(s), your location, number of units, and more. Click the button to get a customized quote on your apartment building insurance.