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Apartment Property Owner's Insurance
California Apartment Owners and Multifamily Property Coverage
The insurance market for apartments owners and landlords has become
increasingly competitive. Our Apartment owners insurance program
provides through reports to our clients about the companies we have submitted
their property with, the coverages that are available from each insurance
company and your bottom line premium without ever
charging broker fees. We have been insuring California apartment
complexes for over 50 years and have a specific strategy to make sure you
limit your risks and get the best possible pricing. Multifamily
investors seeking to open a California
Escrow that requires an insurance binder can also contact us for a quick
quote.
Companies writing Apartment Owner's Insurance in California:
| Mercury Insurance | Liberty Mutual |
| Philadelphia Insurance |
PGI Commercial |
| Traveler's Insurance |
Capital Insurance Group(CIG) |
| IBA West Apartment Program |
The Hartford |
Get A Quote - Click Here
Apartment owners are open to more risks than most property owners which is
why examining your coverages on an annual basis is imperative to protecting
your investment.
Building Ordinance & Law Coverage
California State law as well as local code and ordinance are constantly changing which is why it is so important to
make sure you have adequate coverage and are aware of your local code, which
is why a broker with local knowledge is important. Even partial loss
can be cause to force an update on the entire property. If your limits
are not appropriate for this coverage the repairs will come out of your
pocket. We can help determine the rebuild cost associated with your
property as well as the expense of local codes and ordinances.
Worker's Compensation
Worker's Compensation is a very affordable coverage to put into place if you
have a resident manager or employees. If you provide compensation or
even a discount in rent for your manager you will be considered an employer
by the state and are liable for any injury your employee may experience
while performing work related duties.
Employers Practices Liability Insurance
Employers Practices Liability is a very important coverage for any employer to
carry in today's litigious society. These claims are on the increase and
the average suit is being settled in excess of $230,000. This coverage
will provide the insured protect against alleged wrongful termination, sexual
discrimination and other forms of involuntary termination that result in a suit
against the insured. Policies start at $1,000 minimum premium.
Tenant Discrimination Coverage
Tenant discrimination coverage responds to allegations and suits from current,
prospective and former tenants as well as from other non-employees alleging
discrimination (including violations of ADA), harassment or wrongful
eviction. This particular coverage is available in all states, provides full
prior-acts coverage and coverage for punitive damages but is not included in
every carriers standard policy. Some will allow this coverage to be
endorsed onto the policy while others simply do not offer this coverage at
all.
The tenant discrimination limit is $1 million per claim and aggregate, with
a $2,500 self-insured retention.
COMPREHENSIVE COVERAGE FOR APARTMENT & COMMERCIAL LESSOR'S
Apartment & Commercial Lessor's Risk.
Apartment Lessor's Risk Program Focus:
1,000 units or less.
Commercial Lessor's Risk Program Focus:
Property Owners and Managers of Commercial Lessor's Risk Real Estate
Coverage Options:
Property, General Liability, Pollution Legal Liability and Umbrella
- Blanket Property Limits with many "built in" coverages and sub
limits designed for property owners & managers.
- Primary General Liability written first dollar per occurrence per
location and in the aggregate.
- Environmental Coverage including remediation, first and third
party liability.
- Umbrella Coverage also available.
Program Highlights:
Blanket Property Limits/Automatic
Reinstatement - No Aggregate Limits
No Coinsurance - built in coverages such as Building Ordinance and
Earthquake Sprinkler Leakage
Available Limits:
$750 million Blanket Limits for Property
$1 million/$2 million per occurrence, per location in the aggregate
for GL
$250,000 per incident/occurrence and in the aggregate for Pollution
Legal Liability/$25 million program limit
$5 million to $25 million Limits Available per occurrence/aggregate
for Umbrella
Get A Quote - Click Here
Insurance Companies offering
Apartment Owner Policies:
We are appointed brokers or have access to the following insurance companies
to place your apartment owners insurance;
Mercury Insurance,
Capital
Insurance Group(CIG), Travelers Insurance,
Golden Eagle,
Safeco,
Philadelphia Insurance,
Chubb,
Nationwide,
Allied, PCI Commercial
Associations:
NAAHQ Green Program - National
Apartment Associations Green Program
AAOC - Apartment Association of Orange
County
SCAA - Southern California Apartment
Association
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We help our clients reduce expenses while maintaining or improving
their over all insurance coverage.
- Average Reduction in Premium 10-20%
- We work for you
- Reduce time managing insurance programs
- Identify Coverage gaps
- Risk analysis
Contact us
Why work with Timothy R. Pine Insurance Services:
- 3 Generations of Insurance Experience
- Choice -Admitted A Rated Carriers
- Dedicated account manager
- 4 Hour turn around on certificates
- Loss prevention program
- Workers Comp Claims Management
- Personalized Risk Assessment
- 98% Client Retention rate
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