Don't wait until you need your insurance to find out what is covered....
All to often we procrastinate on really important tasks. One of those is making sure we have the coverage we think we have. I just took a call from a gentlemen who asked me to email him a quote. he also asked me to send him the actual policy wording to see what is covered. He said "I don't want the kind of insurance I have now that cost a lot money and doesn't cover anything." I said " what do you mean." He went on to tell me he had two furnaces and some copper stolen out of his apartment building. He was irritated to find out that the only thing his insurance company would cover was his front door. What he needed was special coverage which would have included theft and vandalism coverage. The coverage he had was replacement cost coverage on what is called broad form. I don't know why he had broad form and not special form. He was not one of my clients. He may have asked for the cheaper policy in the beginning I don't know. All I know is you wouldn't want to be paying out $6000 for something you thought was covered. Here is a small list of some key Coverages.
• Replacement Cost Broad Form: Replacement cost policy that does not include theft or vandalism coverage.
• Replacement cost special form: Replacement cost policy that includes theft and vandalism coverage.
• Actual Cash Value: This policy provides insurance at the actual cash value of a loss. An example is you have a 20 year roof that is 10 years old is damaged by wind. You file a claim and the insurance company pays for the depreciated or actual cash value of the roof plus labor cost.
• Business Income: This provides coverage for lost rents on an actual loss sustained basis after a covered loss occurs.
• Water Back-up: Provides coverage for water that backs up through sewer drains or through a sump pump.
• Liability Coverage: This may be the most important coverage an investor can have. It provides coverage for liability claims. Whether the claim is a slip and fall or a brick falls off of your building and injures someone. The higher the liability limits the better.
These are just a few of the important Coverages. Give us a call today and we can talk about your needs in detail and come up with a policy that is right for you.
Don't wait until it is too late....
Protection is meaningless after the accident. And think of it. We are all one mishap away from devastating personal and financial loss.
At Intelli Choice Insurance we have protected our clients for years. We know the area. We know the residents. We know how to protect you with the right type of apartment building insurance. Avoiding accidents is not promised to you or anyone else. So, don’t delay. Be prepared for life’s misfortunes. Complete the Protection Savings Form now and let the professionals at Intelli Choice Insurance forge a shield of protection over you.