Apartment Building Insurance
Owning an apartment building is a big investment. Insuring your investment is not as easy as taking the lowest quote! In many cases this is your retirement money... at Balsiger Insurance we have aligned our agency with top carriers to make sure you get the best coverage with the best pricing!
At Balsiger Insurance we work with every type of residential building and property. This includes everything from the near perfect complex to the low claim apartment complexes to those that have had claims issues and or have some upkeep needs.
Get help from an expert, call 1-866-872-0156
What to Ask your Apartment Building Insurance Provider:
- How are your loss of rents covered?
- What about liability insurance limits?
- Do you need an excess liability policy?
- What deductible is the best value?
- Do you have special form coverage?
- Is there coverage for fences, entry gates, signage, mail box clusters, carports, landscaping?
- Do you have or need ordinance or law coverage?
- What about sewer or water backup coverage?
- Are coinsurance penalties waived?
- If you have multiple residential buildings do you have blanket coverage?
- Is your coverage RC or ACV?
- Do you have a property manager? If so, are they covered under your policy?
- Do you have Tenant Discrimination coverage? Most owners don’t and it could be a very large exposure in today’s world!
- Do you employ anyone to work at your property? If so, do you have the proper worker’s compensation in place?
- Do you hire other vendors to work on the property such as landscapers? Has your current agent helped you put together minimum insurance requirements for the contractors that work on your property? Are you named an additional insured? Should you be?
As you can see-it’s more than calling an agent, getting a rate, binding coverage and then talking to the agent next year at renewal!
Are you prepared for water damage?
Insurance for Apartment Complex Owners
We have programs for apartment building owners that specialize in older properties and those that target newer apartment complexes. Habitational risks are right in our wheelhouse. We are constantly watching and adjusting the business insurance carriers we work with to make sure our building owners get what we as an insurance broker bring to the table: the best combination of price and protection!
- Commercial Property Damage
- Commercial General Liability
- Business Owners Policy (Bop)
- Surety Bond
- Loss of Business Income
- Commercial Auto Insurance
- Workers Compensation
Things To Consider for Apartment Buildings
Common Apartment Building Claims
If you have had some claims or vacancy issues you can still reach out to us and we will discuss your situation and give you an honest opinion on what your options are. Reach out to a commercial property insurance agent at Balsiger Insurance by calling 1-866-872-0156. We offer a complimentary review of your apartment insurance policies to help you understand what your current policy covers and what areas it might be lacking. We may also put together a free business insurance quote if you'd like.
Finding The Best Apartment Owners Insurance
Each business insurance company we work with has different targets and different sweet spots for apartment buildings. One company might look at the last 3 years’ history while another might look at 5 years. That’s what we are here for. You contact us and we figure out the best place to look for residential building coverage for your business!
Our team will also help you with business loss prevention planning and disaster planning. Has your current agent talked about transferring claim payouts to tenants if they cause the loss? This can keep your loss ratio lower which will keep your future rates lower!
Give us a call at 1-866-872-0156 to get an updated quote from the best carriers today. We love working with business owners to get the best general liability coverage and insurance policies, so give us a call now!
Has your current apartment complex insurance broker talked about things other than their great rate? While habitational, rental property, and apartment building insurance might seem as simple as, you need X amount of coverage and here is the price, it’s far from it!
You need one of the professionals at Balsiger Insurance that work with business owners every day. Our team has members that specialize in businesses insurance and others that specialize in personal insurance: auto, life, and homeowners insurance coverage. We work with many business owners around the United States to help them secure the best business insurance for their specific situation. Every business insurance policy is unique, so it pays off to work with a specialist. Protect your business income and learn how different business insurance policies might affect your situation.
Is your front entryway covered?
Not All Apartment Building Coverage is the Same
Does your apartment complex insurance broker have access to multiple companies or are you forced to fit their one or two carriers? At Balsiger Insurance some of the companies we use for our apartment and residential building owners include Traveler’s, Nationwide, UCA, Philadelphia, Liberty, Core Program, CIBA, Sequoia, American Modern, Foremost, Lloyds and many more as needed!
How much does it cost to insure an apartment building?
Apartment building insurance cost changes a lot depending on the location, size, and value. Give one of our property insurance professionals a call and we will help you get a quote and find out how much it will cost to insure your property and your business. We work with many leading insurance companies, so we can shop multiple prices for you. Contact Balsiger Insurance to learn more about the apartment owner insurance services we provide and our knowledge of your exposures and how to properly protect your real estate investment.
Your first step in getting the answers you need is to interview and hire us as your broker! We will go over everything from commercial general liability, cyber liability, errors and omissions insurance, commercial insurance coverages, liability claims, crime insurance, property insurance, commercial auto insurance, professional liability insurance, workers comp, errors and omissions insurance, general liability claims, and more!
Balsiger Insurance has two locations in Nevada, one in Reno and one in Las Vegas. We also have locations in California and Texas. We offer protection for apartment owners in the following states: Arizona, California, Oregon, Washington, Montana, Idaho, Texas, Missouri, Pennsylvania, Ohio, New Mexico, Minnesota, Wisconsin, Georgia, Illinois, Indiana, North Dakota, or Florida, Tennessee, and Utah. We have the apartment building coverage that you need. Reach out to our business insurance team for quotes on your buildings today!
Ready to work with an agent? Talk with one of our industry experts:
Contact Balsiger Insurance for an apartment building insurance quote by calling the office at 1-866-872-0156. Just ask for who you'd like to work with and we'll make sure you get the help you need right away. You may also submit the form on our website to get a free quote and we will follow up with you directly. Get the best business insurance for your buildings by working with Balsiger Insurance!