Prime Insurance Agency Blog

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 3-generation family-run independent agency that has won the admiration of the industry. We’ve been presented with numerous awards and been appointed to conduct direct business with more than 40 of the leading companies - big names such as ACE, ASI, ASSURANT, CHUBB, FOREMOST, Interboro, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, UPC, ZURICH and so on.

HAVE A PRIME DAY™!
PRIME Insurance provides all forms of NY, NJ, TX, FL and other nationwide coverage, including cheap auto insurance, property insurance, low quote commercial umbrella insurance, flood insurance, renters insurance,  homeowners insurance, bonds, workers comp, life insuranceand more - all at competitively lowest quotes. We invite you to experience the PRIME difference by visiting us on our online insurance website; by emailing us at PRIME [at] primeins [dot] com or by calling 732-400-5242!

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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