Insurance Requirements:
- $500,000 Personal Liability
- Leasing office must be listed as additional interest
- Coverage Must be for the full term of your lease
- If one policy is to cover multiple leaseholders, each leaseholder’s name
- must be listed on the declaration page.
Property Details you will need to provide to your agent:
- Name and address of leasing office to list on the policy as additional interest
- Year Apartments Built
- Total Number of Units in your Building
- Primary Source of Heat (ie. Electric, Gas)
- Distance to the nearest paid responding fire dept.