Start the review before renewal week
A six-unit apartment building deserves enough time for a thorough insurance review. Do not assume a policy used for a smaller rental will work for a larger building. Classification and available markets vary, so share the unit count and use with your agent early.
Make the building easy to understand
Create a file with the property address, legal owner, construction information, systems updates, occupancy and annual rental income. Describe any commercial space, construction work or short-term rental activity. Photos of the exterior and shared areas can help explain the property, but they do not replace inspections or requested records.
Compare the proposal carefully
Ask how the proposal addresses the building, liability and income interruption. Review valuation, deductibles, exclusions and any conditions tied to safety or maintenance. If there are multiple owners or a property manager, ask how their interests should be represented. Keep a copy of the accepted proposal with the policy and set a reminder to report changes during the year.
Ask UPIX Insurance about insurance options for your six-unit apartment building. Call UPIX Insurance at (908)845-7722.
Request an insurance quoteCoverage is subject to policy terms, limits, exclusions and insurer eligibility.
