Apartments
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Apartment owners can face severe financial consequences from a property loss by fire, wind or other causes. They also face potential losses from liability claims associated with swimming pools and spas, saunas, playground equipment, sponsored events, parking areas, advertising, and more.
With our extensive industry background, Farmers has designed insurance coverage forms that provide the most comprehensive and innovative insurance solutions for apartment buildings, no matter the size or complexity.
Our highly dedicated, top-tier Claims professionals are there to get you back where you belong, and our loss control professionals will work with you to prevent or to mitigate loss potential in your business. To learn more about our comprehensive protection, please contact your Farmers agent.
Apartments Coverages
Here are some of the coverage options that are available to you to help you with your insurance needs:Property and Inland Marine
- Buildings at Extended Replacement Costs or Actual Cash Values
- Separate limit for Specified Property (Pools, Fences, etc.)
- Automatic Increase in Building Amount (inflation guard)
- Contents at Replacement Costs or Actual Cash Values
- Loss of rental income and extra expense on an actual loss sustained basis for 12 months or other extended period.
- Loss in value of undamaged building portion, demolition or increased construction cost to meet ordinance or law requirement
- Comprehensive equipment breakdown coverage
- Coverage extension to newly acquired buildings
- Fire department service charge and extinguisher recharge cost
- Outdoor signs
- Debris removal or clean up cost
- Pollutant clean up cost
- Back up of sewers or drains or appliances
- Accounts Receivables and Valuable Papers coverage
- Computer equipment including Media & Records
- Earthquake or earthquake sprinkler leakage
- Employee Dishonesty
- Money & Securities - from both inside and outside the premises
- Forgery & Alteration
- Money Orders & Counterfeit Currency
General and Other Liability
- Operations and Premise liability including parking lot liability
- Personal and Advertising injury liability
- Products and Completed Operations liability
- Contractual and Owners Protective liability
- Hired and Non-owned automobile liability
- Employee Benefits Liability
- Medical payments and Tenant's Legal Liability
- Per location aggregate limits
Automobile Liability
Workers Compensation and Employers Liability
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