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Apartment Property Coverage Apartment Property Coverage covers your Building and Business
Personal Property for replacement cost with no coinsurance. Coverage
includes Outdoor Trees,
Shrubs and Plants coverage is included for mechanical breakdown of vital building
maintenance systems, such as boilers and air conditioning systems. The extra
costs associated with these types of Apartment Property claims (pollutant clean-up and expediting
expenses) are also included up to $25,000. Service interruption to your water or
power supplies, caused by equipment breakdown, may also be covered. Your power
generating equipment is covered up to $100,000 for a covered breakdown.
Business Income and Extra Expense – This covers income that is lost due to
suspended operations caused by damage at your building from a covered cause of
loss. This is an optional coverage which is typically covered in the Apartment
Property Coverage's under a complex's insurance policy.
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