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All You Ever Wanted to Know About Insurance

Why Apartment Building Insurance?


Because it Protects from Financial Losses!

As an apartment building owner, you know that risks abound. One minute, all is well, the next, there’s some form of emergency to take care of. The right type of insurance can mean the difference between financial wellbeing and financial ruin!


RELATED: Coverage for the property manager

Apartment Claim Scenarios:


TX Property Insurance Claim

A tenant lights a candle and leaves for work. A fire erupts. Building damage amounts to $65,000. Reparation work entails complete evacuation for two months. This results in rental income loss for building owner.

NJ General Liability Insurance Claim

A repairman is summoned by one of the tenants. As he climbs the building’s stairs, the repairman trips and falls.  The hospital’s x-ray reveals that the repairman has suffered a broken wrist. Medical bills amount to $2,500.

FL Equipment Breakdown Claim

The apartment building’s basement water heater develops a pipe rupture. To facilitate repairs, all tenants are required to the evacuate the building for two entire days.

 

Apartment Building Insurance with PRIME Insurance

At PRIME, we know apartment building needs. With various related insurance plans from nationally recognized insurance companies, we help you get tailored coverage within minutes – at competitively priced low quotes!

PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names such as ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!


Summary:

You are an apartment building owner and have multiple tenants residing within your units. From experience with all of the associated liability risks, you certainly can testify to the fact that you need excellent insurance coverage. Why apartment building insurance? Because it protects from financial losses! Follow PRIME as it brings real case scenarios that clarify the need.


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