What is apartment owners insurance?
As an apartment building owner, you have a responsibility to protect the building you own. Residents must get their own coverage to protect their belongings. But, the building structure and common areas are yours to protect with apartment owners insurance.
What can apartment owners insurance Cover?
- Building Coverage: Repairs or replaces the structures, common areas and tools/vehicles used to maintain the property.
- Liability Coverage: Protects you against lawsuits filed by visitors or residents who suffer injury or property damage while in common areas.
- Loss of Rents: Replaces rental income if the building suffers a covered insurance loss and tenants need to move out for repairs.
There are other optional coverages available. Make sure to ask your agent so they can get you the insurance protection required
Denver West Insurance Brokers is an independent insurance agency on the west side of Denver in Golden, CO. We insurance many commercial buildings and can help determine the insurance needs of your apartment building. Give us a call today at 303-960-5290 and speak with one of our licensed agents.