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Commercial Apartment Insurance

Commercial Apartment Insurance

Protect Your Income with the Right Insurance Coverage

If you own an apartment building, you depend on that income as your livelihood. If something were to happen to the property, or if you were found liable in a lawsuit involving the building, what would you do? Most property owners don’t have the resources to cover large-scale emergency expenses out of their own pockets.

That’s why commercial apartment owners insurance was created. It was designed to protect you from a wide variety of risks that could be financially devastating, including:

  • Property damage from fire, storms, or vandalism
  • Damage from earthquakes or floods (with additional policies added to the primary policy)
  • Required building code upgrades when rebuilding
  • Sewer backups
  • Equipment breakdowns
  • Injuries on the premises where the landlord is at fault
  • Employee theft or fraud
  • Advertising liability
  • Libel and slander
  • Tenant or employee discrimination
  • Employee or tenant lawsuits
  • Intentional misrepresentation
  • Loss of rental income for other reasons

We Can Tailor a Policy to Your Needs with a Little More Information

Every apartment building is a little different, from six-unit properties to complexes that take up an entire block. In order to best customize a policy to you, we ask for more information, such as:

  • Where is the building located?
  • How old is the building, its mechanical systems, and its roof?
  • What type of building is it?
  • Are there additional facilities on the premises, such as a swimming pool, health center, or clubhouse?
  • Do you have a fire suppression system?
  • Do you have a security system and is the property gated?
  • Do you use a property manager to assist with running the building?
  • Do you have workers compensation insurance?
  • Are outside workers, like gardeners, sometimes on the property?
  • Do you allow smoking on the property?
  • Are tenants required to have renters insurance?
  • Has the building been retrofitted for earthquakes?
  • What upgrades or renovations have been done in the last 10 years?
  • How much income do you derive from the property?
  • Do you own multiple properties?
  • How long have you been in business?
  • Have you filed any past insurance claims for the property?

That sounds like a lot of information, but it really only takes a few minutes. And it may entitle you to significant savings, as well as ensuring you get the right amount of protection for your unique situation.

Independent Agents Offer More Choices and Better Service

You’ll find that working with independent insurance agents like Escueta Insurance Services gives you far more options than going to big-name insurance companies that have a limited menu of just their products. We’re confident you’ll also appreciate our superior personalized service and desire to have a long-term relationship with our clients in Burbank, CA and the San Fernando Valley.

To learn more about how commercial apartment owners insurance can protect you, your property, and your financial investment, call us at 818-840-8010, or reach out online to get a quote started. Don’t wait until disaster strikes to realize you could have been covered. Get in touch today.