Apartment Building Insurance from State Insurance Group
When purchasing insurance for an apartment building, there are many different factors to take into consideration. The first thing that comes to mind is insuring for damage to the building and property, but that is only part of what’s necessary. Apartment building insurance should include liability insurance – since injuries may possibly occur to either tenants or guests.
Liability Coverage for Apartment Buildings is Required by Law
Liability insurance for apartment buildings includes both medical insurance and bodily injury insurance. Both types are required by law. The liability type insurance can include coverage for litigation costs.
Don’t Forget Repair and Maintenance
Apartment building insurance also should cover maintenance and repairs.
The building owner is responsible for maintaining the apartment building on all fronts: structural, mechanical, and electrical. Repairs to structures, equipment, plumbing, heating and air conditioning, and electrical systems are standard in any apartment building, and you, as the owner, are responsible for all of them.
Other Important Options to Consider:
There is also:
Insurance coverage to help an apartment building comply with local building and health codes.
Coverage for loss of income as well, for up to 12 months, if an apartment building is unable to sustain as many tenants for a period of time due to repairs or renovations.
Plate glass in the apartment building (This is covered separately from everything else).
State Insurance Group has apartment building insurance for every size apartment building. We link an apartment building owner with a variety of excellent choices at competitive rates.
Apartment Building Insurance | State Insurance Group
2455 Tamiami Trail, Port Charlotte, FL 33952
Call us at (941) 979-8426 or email us today for a free quote.