Insurance for Multi-Unit Apartment Buildings
If you are a multi-unit property owner, you will be facing unique risk management challenges. Here’s some help:
Don’t leave your assets and income unprotected! Ensure you’re equipped with the right, tailored insurance coverage that truly understands your needs.
Multi-unit Property Owners encounter a range of unique challenges, from potential errors in judgment and employment related issues to tenant discrimination claims.
Your agent should be able to equip you with the peace of mind you deserve through the correct, tailored insurance coverage. Unfortunately, a lot of insurance agents are not specialists in all the unique coverages that multi-unit property owners really need. We offer customized solutions designed to help them confidently face these challenges.
Our goal, like that of your insurance provider, should also be to help our clients get the protection they need and expertly navigate the complexities of property management coverage.
Here is what your coverage options should include, along with their brief explanation:
– Errors & Omissions Insurance: Offering limits up to $5,000,000 to safeguard against professional mistakes.
– Tenant Discrimination Coverage: Protects against claims of discrimination from tenants.
– Employment Practices Liability: Covers issues related to employment practices.
– Off-Premises General Liability and Hired & Non-Owned Auto: Provides coverage away from managed property locations.
– Business Building and Personal Property and Business Income: Ensures your business assets and income are protected.
Make sure you have, or at least are offered, all of those coverages.
Unfortunately, some of those coverages your agent may never have heard of before so it could be your job to educate them too.
Let us help you navigate the complexities of property management coverage with customized solutions designed for your peace of mind.
📞 Contact Ron Pitcher, your friendly neighborhood insurance expert, at (847) 310-5560 or email ron@pitcherinsurance.com