Office Building Insurance / Apartment Building
Travelers Apartment Businessowners
Policy offers an affordable way for you to obtain Property
and Liability insurance. This policy includes key coverages
that are important to any business, and also offers
additional business-specific options that are important for
any apartment owner.Property Highlights
Property Coverage covers your Building and Business
Personal Property for replacement cost with no coinsurance.
• Appurtenant Buildings and Structures:
for Appurtenant Buildings and Structures is included up to
• Building Glass:
- Coverage for Building
Glass is included, with several deductible options
• Business Income and Extra Expense:
Covers income that is lost due to suspended operations
caused by damage at the described premises from a covered
cause of loss. This is an optional coverage for Pac PlusSM.
- Apartment PacSM
• Automatically included and
includes rental value.
• Included on an Actual Loss
Sustained basis for up to 12 consecutive months.
Coverage may also be written on a policy or location level
basis for any dollar limit without the 12-month limitation.
- Apartment Pac PlusSM
selected, the coverage may be written with a policy or
location level dollar limit. The dollar limit is based on 80
percent of annual rents and may be modified.
Personal Property Off Premises:
- Coverage for
Business Personal Property Off Premises is provided,
including while in transit or temporarily away from the
scheduled premises and at a premises you do not own, lease
or operate; or at any fair, trade show, or exhibition.
- Coverage is included up to
$25,000 (with an option to cover property managers as
employees). Limit may be increased.
- Coverage for Equipment Breakdown is
included within applicable limits.
equipment, power-generating equipment, and production
equipment are limited to $100,000 for direct damage. Limit
- Service interruption of water,
communication, or power supply services is covered from a
covered breakdown (when Business Income and Extra Expense is
• Newly Acquired or Constructed Buildings:
- Coverage is provided for Newly Acquired or Constructed
Buildings up to
$500,000 for up to 180 days.
Ordinance or Law Coverage:
- Coverage is included for
a combined limit of $25,000 at each described premises.
Limit may be increased.
• Outdoor Trees, Shrubs and
- Coverage for Outdoor Trees, Shrubs and
Plants is provided for all covered causes of loss up to
$3,000. Limit may be increased.
Coverage for Signs within 1,000 feet is included within the
Building limit when building coverage is written.
items are considered part of Building coverage:
- Appliances used for refrigeration,
ventilating, cooking, dishwashing or laundering;
- Fire extinguishing equipment;
- Lawn maintenance and snow removal equipment;
- Lobby and hallway furnishings;
- Outdoor furniture;
- Outdoor swimming pools; and
- Retaining walls
General Liability Highlights
Liability Coverage protects you against claims for damages
because of bodily injury or property damage to others
resulting from your business operations.
Liability Limits of $1 million per occurrence / $2 million
aggregate are standard for Apartment Pac and Apartment Pac
Plus with an option for higher limits of $2 million per
occurrence / $4 million aggregate available for Apartment
• Advertising Injury and Personal Injury.
Medical Payments for $5,000 per person.
• Damage to
Premises Rented to You is included up to $300,000. Limit may
• Blanket Contractual for all insured
• Host liquor liability.
• Products/Completed Operations
coverage is included. (May be excluded on Apartment Pac
• Web XTEND® endorsement is automatically provided
for most Apartments.
Coverage includes personal injury,
advertising injury and worldwide Web site injury protection
(some restrictions apply).Popular
Options for Apartme
Power PacSM property
coverage endorsement – enhances coverage in 20 key areas.
See chart on next page for more details.
Owners Endorsement – enhances coverage in key areas for your
- Debris Removal limit increased from
$25,000 to $50,000.
- Lessor’s Leasehold Interest
coverage is added for up to $25,000.
- Tenant Move Back
Expenses coverage is added for up to $25,000.
Services - Direct Damage coverage is added for up to
- Ordinance or Law - Increased Period of
Restoration limit is increased by $50,000.
• Other Options Available:
limits for most individual coverage extensions.
Welfare and Pension.
- Water or Sewer Back up and Sump
- Hired and Non-owned Auto Liability.
XTEND Endorsement® for liability coverage enhancement – It
provides 15 extensions of coverage including:
- Blanket Additional Insured – Managers or
Lessors of Premises or Leased Equipment.
GET A QUOTE: Call Toll Free (800) 707-4690