Apartments & Single Family Rentals (Investment Properties)

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

  • 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