Multiple Property Insurance
Multiple Property Insurance
Filing Claims for Your Multi-Family Property Damage
As a multi-family property owner, the idea of your apartment building or condominium association getting damaged by disasters such as floods and fires is a deeply unsettling one. Not only are such damages often extremely costly, but you also have a responsibility toward your tenants, as your job is to keep them safe and protected.
So, if the property becomes inhabitable, repairing everything and getting insurance for the loss can be challenging. But not to worry – we’re on your side!
We will file the damage insurance claim on your behalf in order to spare you precious time and energy. The aim is to take care of the insurance claim as quickly as possible. You won’t have to deal with the headache of interacting with your insurer because we handle that for you. We’re here to make sure the insurance settlement has a favorable outcome for you. Let us help!
Insurance Policies for Multi-Family Properties
There are two types of property insurance – per building and whole property policies. The first one is useful if you have multiple structures on the property, each with its own coverage and deductibles. The second covers everything, no matter the number of buildings.
Umbrella liability insurance
This serves as extra insurance, providing coverage beyond the limits and coverages of other policies.
Multiple property landlord insurance
Also known as portfolio insurance, this is the property insurance for landlords with multiple houses. It allows you to cover all your properties under one policy.
This covers damages such as burst water pipes, but if you’ve added additional options to your policy, this insurance might also cover events such as floods.
This type of insurance can be helpful in case you, the landlord, live in one of the units.
Dwelling and fire policy
If you don’t live on the property but are only renting the units, DP insurance will keep you covered in case of fire damage or other disasters.
Personal property insurance
To protect your personal belongings inside the units, you need to have a personal property insurance policy. This covers your furniture and other belongings that get ruined due to a disaster. Note that this does not protect your tenants’ belongings.
NFIP (National Flood Insurance Program) policy
This is a policy that protects you in case of flood damage on your property.
Whether you need the best property insurance for multiple owners or insurance for multiple houses, there is a policy out there for your needs. There are multiple types of insurance policies available, and each of them has specific rules and conditions. Of course, before filing a claim, you should review your policy and see whether it covers the damage you’re dealing with.
Look No Further
We Handle All Property Damage Claims
Property damages come in a lot of different forms and severities. Regardless of the type of damage, the crucial task is filing the insurance claims properly. But you don’t have to do it alone.
No matter what damages have hit your multi-family property, you can rest assured that we’re here to help
We handle all types of damage claims:
- Floods and water damages
- Hurricane and wind damages
- Hail damages
- Fire, smoke, and lighting damages
- Theft & vandalism damages
So, whatever issue you’re facing on your property, you can count on us to fight for fair insurance coverage.
We Take Care of the Apartment Insurance Claim Start-to-Finish
Because multifamily insurance claims can be very complex and taxing, having professional assistance is undeniably beneficial. Working with a public adjusting firm is a sure way to get your desired results quickly and without any stress. We’re here to assist you throughout the entire process.
Property Damage Assessment
First of all, we need to determine the severity and the type of damage. That’s why the first step is visiting your property and conducting an inspection.
We inspect all the units to see how many of them have been struck by damage. Additionally, we assess the claim value and estimate the necessary repairs. We collect all the evidence and make sure that we can present a strong case to your insurance carrier. After all, the goal is to get you the appropriate amount!
Filing the Insurance Claim
Once we know exactly what kind of damage we are dealing with, it’s time to file the claim.
We take care of all the necessary paperwork and file the apartment insurance claim. But it doesn’t stop there. Here’s what you can expect from our team:
- Attending any and all inspections of your property.
- Weekly follow-ups with your insurance company.
- Regularly communicating with your insurer.
- Negotiating the best and just settlement.
- Making sure the insurance company is doing everything above board.
We give it our all and go above and beyond to make sure we get satisfactory results for you – not the insurance company. After all, you are our client.
Getting the Best Coverage
Our team of public adjusters is an experienced and attentive one. We fight to get you the best possible outcome because that is our number one priority.
Because we’ve been in this business for over 13 years and worked with insurance companies in the past, we know exactly how insurers operate and what to expect from them. This gives us an advantage and allows us to be one step ahead, making sure that we don’t settle for less than you’re owed.
Allow Us to Handle Your Multi-Family Property Damage Claim
Our team is ready to take on any multifamily property claim, no matter how complicated. Even if your claim has been denied in the past, Elite Resolutions can make things right this time.
Don’t hesitate to give us a call or schedule a free consultation and tell us about your situation. We’re here to help you get what’s rightfully yours and ensure that your claim is handled in the most efficient manner.
We’re in your corner and are looking forward to helping you put this issue behind you. Get in touch, and rest assured that your property will be back to normal in no time.