Do you own an apartment building? If so, did you know that you're liable for any accident that happens on your property? If anyone is injured in your apartment's pool or gym, or even in their own homes - you're exposed to lawsuits. This goes for the building itself as well, like structural issues not being up to code.
As an apartment building owner, you'll also be held responsible for theft, maintenance issues, fires, and other things that could cause accidents.
With apartment building insurance, you can protect the building, your property, your tenants, their property, guests, theft of property, and employee fraud. If your maintenance worker cannot do a certain job, normally your apartment building insurance will pay for a professional contractor to come fix the problem. Often, if one of your units is temporarily unlivable due to repairs, the apartment insurance can cover loss of income for that unit.
For more information on apartment insurance, contact us today! We're Altman Insurance, an independent insurance agency based in Olympia, Washington.