Apartment Owners Save Big with Strategic Insurance Secrets

Types of Coverage to Consider

When selecting an insurance policy, it's crucial to consider the types of coverage that align with your property's specific needs. Common coverage options include:

• Property Damage: Covers repairs or replacements due to events like fire, vandalism, or natural disasters.
• Liability Protection: Protects against legal claims if someone is injured on your property.
• Loss of Income: Compensates for lost rental income if your property becomes uninhabitable due to covered damages.
• Building Code Upgrades: Covers the cost of bringing a damaged building up to current building codes².

By understanding these options, you can tailor your policy to provide comprehensive protection without overpaying for unnecessary coverage.