Having homeowner insurance is a no-brainer when it comes to your house, but when housing is your business should you also cover that? The simple answer is, yes. This is for people who run, operate or own student housing, hotels, apartments, rental houses or condominiums, senior living facilities or multi-family housing. Habitational insurance carriers provide you with a custom-made insurance program that covers all the liabilities that come along with operating such a business. This will not only cover your business, but it will also give you peace of mind about your daily operations and any unexpected events.
Habitational insurance is, in short, a combination of business insurance and homeowner insurance that covers all the liabilities that come along with operating such a business as housing. These plans cover habitational risks such as earthquakes, exposure from coastal settings, high TIV limits, general liabilities, worker’s compensation, windstorm exposure, law and ordinance, and excess liability to name a few options. Each plan will be made especially to fit your business.
A tailored policy from habitational insurance carriers is created specifically for you and will ensure you’re covered for all your needs including the buildings, employees, and guests. If you’re in the housing business, make sure you have the coverage you need to eliminate stress and worry.