Are you an apartment building owner? Are you looking for protection for a single apartment or townhome complex or multiple complexes. Frederick Mutual provides competitive insurance premiums and coverages for your apartment and townhome developments. Our habitational insurance offerings protect each building, business personal property, and associated liability exposures.

APARTMENT INSURANCE

Complexes with valuation up to $5,000,000 per building, 6 stories, $15,000,000 Total Insured Value, and 15 locations per policy.

APARTMENT INSURANCE COVERAGE HIGHLIGHTS

  • Water Backup & Sump Overflow

  • Lock Replacement

  • Newly Acquired Buildings

  • Tenant Move-Back Expenses

  • Money Orders and Counterfeit Money

  • Outdoor Property coverage for trees, shrubs, and plants

 

WHO NEEDS APARTMENT BUILDING INSURANCE?

Apartment building insurance is essential for property owners who need comprehensive coverage for your properties. As a property owner, Peace of Mind is essential as you provide shelter for other residents. Frederick Mutual offers business insurance for your rented or owned space as well as liability that could come from other landlord risks. Our apartment building insurance extends to the Mid-Atlantic and Southeast region including the following states: Maryland, Pennsylvania, Delaware, Washington, D.C, Virginia, and North Carolina. Submit a quote request or call us at (240) 877-9105 to receive your service industry quote today!

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APARTMENT BUILDING INSURANCE FAQS & MORE INFORMATION

  • Who’s covered by Frederick Mutual’s insurance plan?

    • Property owners and landlords who own properties and need coverage for each complex.

  • What type of insurance coverage is important to service industry businessowners? 

    • Water Backup & Sump Overflow

    • Lock Replacement

    • Newly Acquired Buildings

    • Tenant Move-Back Expenses

    • Money Orders and Counterfeit Money

    • Outdoor Property coverage for trees, shrubs, and plants

  • What is Water Backup & Sump Overflow Coverage?

    • This coverage provides Peace of Mind to property owners who face damage caused by a sewer line back-up, sump pump failure and backed up drains. It also covers resultant mold damage to your properties following the water backup and sump overflow.

  • What is Lock Replacement Coverage?

    •  Lock replacement can be a costly expense for property owners if keys at your property are compromised. Frederick Mutual’s coverage provides coverage for lock replacements up to a max limit.

  • What is Newly Acquired Buildings Coverage?

    • Newly acquired buildings coverage is essential for property owners if you intend to acquire new buildings to your property profile or plan on building additional structures on your property’s premises.

  • What is Tenant Move-Back Expense Coverage? 

    • If an event at your property causes your tenants to move out, this coverage will cover associated expenses to move the tenants back to your property from the temporary location they were in due the interruption at their unit on your property.

  • What is Money Orders and Counterfeit Money Coverage? 

    • Covers losses after you as a property owner accept counterfeit money or money orders in exchange for services provide (e.g. rent payments).

  • What is Outdoor Property Coverage for Trees, Shrubs, and Plants?

    • Your outdoor property at your described premises can be just as value and be costly to maintain. Frederick Mutual provides coverage for your property’s outdoor plants, trees, and shrubs up to a max limit.

         Request A Quote!

If you are an apartment building owner in Maryland, Pennsylvania, Delaware, District of Columbia, Virginia, or North Carolina you may qualify for coverage. Submit a quote request to find savings for your insurance and Peace of Mind for all of your properties.