Illinois Apartment Owners Insurance
As an apartment building owner the risk of loss is largely out of your hands. When a loss occurs the effect can be far greater than expected. Imagine a scenario where your building incurs a loss due to fire. In addition to the damage caused by the fire directly there also can be smoke damage, water damage, and a variety of other costly damages that are unforeseen. This is why it is important to maintain proper insurance coverage such as building coverage, general liability, and loss of income.
As an apartment owner both your property and your income are at risk. Because unlike a homeowner, if disaster strikes you will not only lose the value of your property but you may also potentially lose rental income due to repairs or permanent structure damage.
Apartment owner insurance makes sense for anyone who owns an apartment building because it can cover major disasters, liability from lawsuits that can come from common property claims and also it can insure that your income will continue if disaster does strike.
You've worked hard to build your income renter by renter, don't let one event take it all away.
Here are two reasons to get started right now!
- There's no time like the present to make sure your income source is protected--cover your apartments from disasters, lawsuits and income loss.
- A no-risk quote can give you peace of mind right away. Just fill out the form right now and we'll get back to you with the exact coverage you need and a very affordable quote.