Habitation Insurance in Indianapolis IN, Fargo ND, and Denver CO
If you own a residential property, you face a lot of unique risks compared to a general homeowner. Habitation insurance, or habitational insurance, helps protect your commercial property and personal property inside.
At Reliant Insurance Group, we strive to connect you with an affordable insurance policy tailored to your needs. We will go through each step of the process with you to make sure that you get the best habitation insurance for your business.
Types of Habitation Insurance
Hotel and Motel Insurance
Hotels and motels have many property and liability risks. The more guests you have, the higher possibility of an accident that could result in a lawsuit. This insurance can cover damages to the physical hotel and its rooms, injuries and property damage occupants may suffer, and more. You should also consider a level of workers compensation insurance in case employees such as cleaners, cooks and bellhops suffer injury while working.
Apartment Complex Insurance
Apartment complexes are unique because there are often many separate units that need coverage. An apartment complex insurance policy should cover damages to the apartments caused by fire, wind, hail, lightning, smoke, theft, vandalism and more. Unlike with other property coverages, however, this insurance doesn’t generally include coverage for your tenant’s personal possessions. Instead, all renters should carry renters insurance to protect their personal belongings.
Landlord insurance covers two main areas for landlords who rent out property: property coverage and liability coverage. This covers the landlord’s owned property and any personal belongings they may have on the property. It also protects them from accidents that occur in the rented area. For example, if someone falls down the stairs at your apartment complex, liability insurance will cover the victim’s medical bills and protect you from a lawsuit regarding the injury.
Investment property insurance covers properties of one to four-unit swellings. It provides compensation for property damage and liability for most types of property you have an investment in. A package policy is generally available for an investment property, which can cover real estate and more.
Protect Your Rental Property Today
Whether you own an apartment complex, a single motel or a chain of hotels, it is important to have the right insurance policy to protect you and your assets.
Call Reliant Insurance Group at (800) 283-4225 or fill out an online quote form to find a policy that matches your insurance needs and your budget.
Common Habitation Insurance Questions
What Does Hotel Insurance Cover?
Hotel insurance covers the physical hotel and its units from fire, lightning, wind, hail, theft, vandalism and more. It also covers claims related to bodily injury and property damage a guest pay suffer while on the property.
What is Motel Insurance?
Motel insurance is coverage for a motel. Motels are generally smaller than hotels and may need lower limits of coverage. Be sure to consider your motel’s replacement cost value and liability dangers when looking for a motel insurance policy.
What Does Apartment Complex Insurance Cover?
Apartment complex insurance covers the physical apartments, their units, and can extend to unattached structures and amenities, as well, such as pools. This insurance does not cover tenant belongings, however.
Why Do I Need Landlord Insurance?
Landlord insurance is crucial to protect you and your personal belongings in case of an accident. If a lawsuit is filed against you, landlord insurance can provide compensation for legal expenses such as defense costs and settlement fees.
How Much is Investment Property Insurance?
The cost of investment property insurance varies widely depending on several factors, including your location, size of the property and the property’s total replacement cost value. Contact a Reliant Insurance Group Agent or fill out an online quote form to find out how much you can safe today.