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Apartment Building Insurance Olympia Wa

Apartment Building Insurance Olympia Wa — Low Rates, Great Coverage Options!

Apartment Building Insurance Olympia WaAre you searching for better pricing or coverage on Apartment Building Insurance in Olympia Washington or the surrounding areas?  If so, contact the agents of Duncan and Associates Insurance Brokers by calling 360-352-7588 Monday through Friday until 5 PM.

Or send us an online request for information by clicking on a link below that corresponds to your apartment building location:

We offer incredibly low rates for Apartment Building Insurance in Washington State for real estate investors and also coverage for single family residential units as well.

Apartment Building Insurance Olympia Wa — Choosing the Wrong Options May Cost You Financially!

As is true for any type of insurance policy purchased there are a variety of different options you can choose from.  We might liken this to an individual making a purchasing decision of a new vehicle.

Typically, car manufacturers will offer a base model, and depending on the manufacture, there may be a dozen different options that you can select when purchasing a brand-new vehicle.

If you make your purchasing decision and later regret not adding, let’s say, leather seating you won’t really face any dire consequences, true?

But when it comes to choosing the wrong option for your Apartment Building Insurance in Olympia Washington, you may face dire consequences!

For instance, there are no do- overs when buying the wrong coverage.

For example, choosing the Basic Coverage Form (DF1) because it is the least expensive versus the Special Coverage Form (DF3) may cause you to pay tens of thousands or more out of pocket when a claim occurs.

The Basic Coverage Form is what is known in industry jargon as a Named Perils Policy.

A Named Perils Policy only provides coverage for up to 8 claim events, or 9 events if underwritten under a Commercial Package Policy when taking into consideration of vandalism damage.

A Named Perils Policy in its simplest form means that only the claim events “named” in the policy are covered.

If a claim event happens to your property and the peril is not “named” or specified in the policy, that means the insurance company, will not pay!

What if that claims amounts to $25,000, $50,000, or $100,000 or more?

That amount really doesn’t matter to the insurance company in any way — they will only pay what they are legally obligated to pay and no more.

Sometimes policyholders have a mistaken impression about Insurance companies themselves considering them a non-profit entity, yet that is not the case. 

Insurance companies are no different than any other for-profit entity — they want to make money and they will not pay more money on a claim because a policyholder made a mistake by purchasing the wrong coverage form.

So, keep in mind that choosing the wrong Coverage Form or amount of coverage for your rental may lead to dire financial consequences on your part.

In our next post we will continue the fictitious account of one Bob Robertson who inherited a 40-unit luxury apartment building complex from his Grandfather, Jedediah and made an insurance blunder that cost him dearly, don’t miss the next episode of Bob the Snob.

Apartment Building Insurance Olympia Wa — Very Low Rates Now Available!

As you are shopping for Apartment Building Insurance in Olympia Washington you can trust Duncan and Associates Insurance Brokers to help you.

Please call 360-352-7588 Monday through Friday until 5 PM to speak with one of our licensed agents or you may additionally use our online information request system by choosing a link below that is the closest match to your apartment building location:


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