Apartment Owners Insurance in Washington  

Get Premier WA Apartment Insurance.  Savings Up To 37% From Leading Carriers And Solid Coverage

As an apartment building owner in WA, does your insurance cover you from both risks of a natural disaster? See, a natural disaster can have perilous consequences for you--ruining both your property and your monthly income. You need adequate apartment owner's insurance to ensure your financial survival. 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. My guess is that you are wondering how much this type of comprehensive coverage will cost? The answer may surprise you...unexpectedly little. Apartment owner insurance in the Northwest 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.

If you are looking for apartment owners insurance in Washington State, then you are in the right place. If you are a business person who has any of the below Apartment Risks, then we are able to assist you in securing your investment. Do you own an Apartment Building, Garden Apartments, Multiple Unit Buildings, Town Houses, Hotels, Motels, 1-4 Family Dwellings, College Housing, Student Housing, Nursing Homes, Assisted Living Facilities, Boarding Houses, Rehabilitation Facilities, or Government Subsidized? If so give us a call, or go to AAG Insurance.

Apartment Owners Insurance in WA 101

There are 6 types of coverages that are a must. They include:

• Umbrella
• General Liability
• Crime
• Auto
• Property
• Workers’ Compensation

Property Insurance For Apartment Owners

First of all, Property Insurance is always often the most expensive policy for most apartment owners in WA. This type of insurance covers loss to building and contents due both foreseen and unforeseen events, such as fire, wind, theft, vandalism, etc. There are generally two different markets to approach for Apartment OwnersInsurance: the standard market and the excess & surplus lines market. The standard market is the preferred market and consists of commonly known insurance carriers that offer the broadest coverages for the lowest prices. That is one of the great things about working with AAG Insurance is access to several preferred insurance carriers (over 30!) On the other hand, the excess & surplus lines market is the source of insurance for apartment owners that are perceived to carry a higher risk of loss and as a result the policy forms are more restrictive and the prices are higher. AAG can place you in these markets if need be. Some of the risk factors that effect rates and price include the building’s age, updates to vital/critical systems, construction type of buildings, proximity to fire hydrant and fire department, proximity to coastal areas, occupancy type, and fire protection measures.

General Liability Insurance (GLI) For Complex Owners. (No, I am not saying your complicated, but you do own a complex).

GLI is the second most expensive insurance policy for most Apartment Owners. Some of the General Liability risk factors that are taken into account for apartment owners insurance rates include type of occupancy, existence of incidental business occupancies, experience of property manager, fire safety, tenant security, and the existence of ponds / lakes / rivers, playgrounds, swimming pools, basketball courts, and other buildings on premises.

Building Size Matters

The size of your Apartment Complex becomes a factor when it comes to the types of insurance coverage’s will be required of you to purchase. AAG Insurance has a plethora of insurance partners who handle various classes and sizes of complexes. It does not matter how large or small your site is, we will work with you to determine the right mix of insurance at an affordable rate. We will listen to you, identify your needs, and create a policy that you are satisfies with.

If your apartments have several locations, you could benefit from a "loss limit" approach to Property Insurance, as opposed to a limited "Blanket Limit" approach. At AAG Insurance, your protection is Our Priority. We work tirelessly to make sure your needs are met so you can sleep peacefully knowing your investment will be secure in the event of a claim against you or your company. Give a Apartment Owner Insurance professional at AAG Insurance a call today! Fill out the free apartment owners insurance quote form above!