Trust Hall’s Arvada Apartment Owners Insurance Program
Our custom program starts with the two crucial Arvada landlord insurance coverages all apartment owners need:
- Apartment building/structural insurance to protect against most major perils including fire, windstorm, vandalism, lightning and explosion. Coverage is based on cost of repair or reconstruction rather than building value.
- General business liability coverage, to insure you against lawsuits (including settlements and legal costs) for property damage or bodily injury for which you’re held liable.
The above coverages can be combined into a single Business Owners Policy (BOP) that is suited to smaller apartment businesses.
Other Arvada apartment owners insurance options include:
- Loss of business income insurance, which kicks in if your building is damaged through an insured peril and, as a result, you lose rental income.
- Coverage for damage to or theft of equipment and fittings in common landlord areas. This can include facilities such as gym equipment, boilers, HVAC, elevators and laundry. Equipment failure can also be insured.
- Employee insurances including workers comp and disability coverage for on-site and in-office staff.
- Cyber liability insurance to protect against computer system breaches and theft of personal/client information and other records.
- Umbrella insurance — a popular, low-cost option for raising the limits of your liability coverage.
- Commercial auto insurance — if your business owns vehicles, whether standard autos, passenger vehicles or vans/trucks.
- Protection against allegations of discrimination, invasion of privacy and unfair treatment of tenants or applicants.
- Commercial flood insurance. Although water inundation from perils like bursts are usually covered in the main building insurance, floods from external sources generally are not.
- Directors and officers (D&O) insurance for larger businesses, to indemnify senior personnel against allegations of wrongful acts.
What Types of Residential Buildings Can Be Insured?
Trust Hall can arrange customized insurance policies for all types of apartment blocks, condo developments, multi-family complexes, residential investment projects, plus facilities such as clubhouses, gyms and swimming pools, and more.