Owning an apartment building is like owning any other home or business structure. The perils that can affect you can have a huge impact on your ability to collect rents. As an apartment building owner, does your insurance cover you from both risks of a natural disaster? See, a natural disaster can have perilous consequences for you--ruining both your property and your monthly income. You need adequate apartment owner's insurance to not only cover your structure, contents and equipment most importantly your loss of income.
How many times have you seen on TV a natural disaster with building's roofs ripped off or completely destroyed. Those tenants will no longer be able to live in those structures until they are completely rebuilt. This causes a huge concern for the apartment owner as it presents a large loss of income. Having an apartment insurance policy will make the difference between staying in business and rebuilding or losing your business altogether.
You're probably wondering how much this type of comprehensive coverage will cost? Surprisingly little.
Apartment owner insurance makes sense for anyone who owns an apartment building because it can cover major disasters, liability from lawsuits that can come from common property claims and also it can insure that your income will continue if disaster does strike.
You've worked hard to build your income renter by renter, don't let one event take it all away.
Here are two reasons to get started right now!