Multifamily Properties

Description

PREMIER APARTMENT PROGRAM! (Other Building Types: mixed-use, retail, office, industrial, HOA & COA) Quick Summary of Coverage’s Admitted in California: A.M. Best "AXV” *2 billion+ (financial solvency and strength)PROPERTY COVERAGE'S LIMITS Blanket Property Limit $750 million, All Risk Per Occurrence Coverage Type All Risk, Special Form ( includes water damage ) Business income “loss of rents” ALS “Actual Loss Sustained” (12months + 180 day extended coverage) Business Personal Property Full Replacement Value Building Ordinance $10m (older than 1975), $30m ( newer than 1975) Course of Construction $2.5m Newly Acquired Properties $2.5m Certified Terrorism $75m Boiler & Machinery $50m Deductible $5k *The Actual Property Limit represents a $500 million blanket all risk policy and guarantees full replacement cost not to exceed $500 million per occurrence. LIABILITY COVERAGE'S LIMITS General Liab. Aggregate $2m General Liab. Per Occurrence $1m Personal & Advertising Injury $1m (includes wrongful eviction) Non-Owned & Hired Auto $1m Products & Completed Operations $1m Fire Legal Liability $1000k (any one fire) Pollution Legal Liability Coverage $250k (includes mold, $25k deductible) Deductible none CA Lic#0E83696

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