Get Lifetime Security with Apartment Building Insurance Tricks
Types of Coverage Available
When browsing insurance options, you'll find several types of coverage available, each catering to different needs:
- Property Coverage: Protects the physical structure of the building and any attached structures, such as garages or storage sheds.
- Liability Coverage: Covers legal expenses and settlements if someone is injured on your property.
- Loss of Income Coverage: Compensates for lost rental income if your property is uninhabitable due to a covered event.
- Flood or Earthquake Coverage: Often available as add-ons, these cover specific natural disasters not included in standard policies.