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Complete Guide to Apartment Building Insurance

Rental Housing Journal

Due to the nature of this business, you have more liability and will want to ensure your policy has these essential coverages: General Liability Commercial Property Business Income (Loss of Rents) Ordinance & Law General Liability Insurance General Liability Insurance is a must-have for any business, especially an apartment complex.

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Is Stock or Real Estate Faster in Building Wealth?

SparkRental

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. You wont be dealing with physical properties and tenant calls at 1 AM about a leaking pipe. Prepare to play handyman and property manager all at once.

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“Wildfires, Insurance & Mortgages: Will Your Home Survive the Financial Aftermath?”

Esquire Property Management Group

In the event of a total losswhen the property is destroyed beyond repairthe lender may utilize the insurance proceeds to pay off or substantially decrease the outstanding mortgage obligation. This ensures that the lender is fully compensated even if the physical property is lost.

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