Woodland Hilld apartment managers insurance, sometimes also known as residential property owners insurance, is needed if you own apartments, or buildings and rent to others.
Consequently, the number of properties you own will have a bearing only insofar as the property insurance premiums are concerned. Our Commercial Insurance Program is designed to write newer Office and Industrial risks as well as Condominium Associations that are not always given the consideration we do by the traditional markets in the “moderate total insured values” sector of up to $10mm.That said, if you are looking to become a property owner with a letting business, then you need to ensure that you have the following minimum provisions in your insurance policy:
Property
- Insuring against any fire on the property
- Natural Disasters
- Insuring against natural disasters that may occur, such as a storm where the winds tear off your roof or guttering
- Theft
This should be a must as it will protect you against any claims your tenants or any third parties (such as their guests) may have for injuries they suffer while on your property.
Loss of Earnings
There may well be times when your property remains empty as a result of a covered loss. If you are relying on the rental income from your tenants to repay the money you borrowed to purchase the property, you need to ensure you have lost earnings insurance to compensate you during this period.
Let the Romano Insurance Agency, help you understand and protect all of the risks you run and all of the perils your business faces. We will do this with a well thought out and executed business insurance policy designed just for our Commercial Real Estate Insurance policy holders.