Apartment Owners Insurance Policy
What an Apartment Owners Insurance Policy Typically Covers
Building Coverage
Garages, storage buildings, fences, retaining walls, and swimming pools
Completed additions and those under construction
Other appurtenant structures
Business Income (Loss of Rents)
Continuing expenses such as payroll
Extra expenses incurred during the restoration period
Signage Coverage
Wind
Fire
Theft
Vandalism
Furnishings & Equipment
Theft, vandalism, breakdowns, and fire
Reimbursement for lost income due to non-functioning equipment
Coverage for equipment, furniture, and other business property
Property of Others
Covers loss or damage to property belonging to others while in your care or on your premises.
Equipment Breakdown
Short circuits
Power surges
Equipment failure
General Liability
Negligence
Personal injury
Libel and slander
Errors and omissions
Faulty products
Advertising misprints