Landlord Insurance Seattle

Landlord Insurance Seattle – Request Free Quotes Online 24/7!

Landlord Insurance SeattleLooking for Landlord Insurance in Seattle Washington or throughout the state?

If so then you have found the right website. We are excited to let you know that a brand-new program is available for Landlord Insurance in Seattle that includes coverage for apartment buildings, motels and hotels, office buildings, strip malls, warehouses, and even insurance for single-family residential units for real estate investors.

Please call toll-free at 1-800-228-8291 to speak with one of our licensed agents to request quotes for Seattle Washington Landlord Insurance or request those quotes online twenty-four hours a day, seven days a week.

Our Commercial Property Insurance quote request forms are available at any time.

When you submit your request, our agents are instantly notified and will respond as soon as possible – normally within one business day.

Want to access the quotes page right now and submit your information to obtain estimates on Seattle Wa Landlord Insurance? Simply click on the type of policy you’re looking for in the list below:

Seattle Landlord Insurance — Coverage Scenario Part 8

In our previous post, which you can read by clicking Renton Wa Landlord Insurance, we find that Ted’s $50,000 plus in water damages will not be covered by his insurance company!

One of the tenants had flushed a small teddy bear down the toilet causing the plumbing to be stopped up, which led to hundreds of gallons of water pooling in the upstairs men’s bathroom, which in turn led to the collapse of the floor and ceiling.

Ted is miserable. He is looking at needing to spend much of his savings to pay for the damage.

Why did the insurance company deny Ted’s claim? If you recall from an earlier post, we discovered that Ted decided to purchase the Basic Causes of Loss Landlord Policy Form for his apartment building insurance.

Ted did this because he was concerned about the price. In hindsight, however, Ted realizes he made a monumental mistake that now will cost him over $50,000!

The Basic Causes of Loss Landlord Policy Form extends coverage only for the following named perils: lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action.

Did you notice that flooding and water damage are not named in this list of perils (with the specific exception of leakage due to sprinklers, which does not apply here)?

Unfortunately for Ted, water damage due to flooding, whether from sources within or without, is not covered by the named perils in his Basic Causes of Loss Landlord Policy Form.

This means that Ted is responsible for paying for the repairs – a sum of over $53,811 – out of his own pocket.

$53,000 out-of-pocket is certainly no small chunk of change.

This illustrates perils that real estate investors can potentially create with their commercial insurance. We would like to briefly discuss one other potential issue that you can face as a real estate investor.

Seattle Landlord Insurance — The Ordinance or Law Coverage Option

In our fictitious scenario that we discussed with the water claim at Ted’s owned apartment building, what would have happened if his building burned down to the ground under the Basic Causes of Loss Landlord Policy Form?

Fire is one of the named perils in the policy so coverage would have been extended up to his policy limits.

However, another pitfall that real estate investors run into is the Ordinance or Law Coverage Option, because it may be missing from your policy.

If this coverage option is missing from your policy you can quickly find yourself in a situation where you may spend just as much money as Ted spent out-of-pocket in the event of a covered claim.

The Ordinance or Law Coverage Option will add coverage to your policy to reimburse you for additional repairs you may need to make to comply with local laws regulating construction and repair of damaged buildings.

Because Ted’s building is very old – built sometime in the early sixties and renovated in the late sixties – it is not up to current building code.

When a structure is severely damaged it will be required to be brought up to the most updated safety code standards for that area (they can differ from area to area).

Ordinance or Law Coverage is not an automatic coverage; it must be endorsed to the policy.

A real estate investor can find themselves in a deep hole financially if the Ordinance or Law Coverage option is not part of your overall insurance plan so make sure to ask about that when you call for information or quotes on Landlord Insurance in Seattle Washington.

Seattle Landlord Insurance – Call to See Your Options Today!

Don’t settle for the insurance coverage you currently have. There are likely better options available for the coverage you need at much lower rates.

Please call the licensed agents of Duncan and Associates Insurance Brokers to find out what options are available.

Drop us a line toll-free at 1-800-228-8291 and ask to see quotes from insurance companies offering Commercial Property Policies in Seattle.

Click on the kind of insurance coverage you’re looking for below to open our digital quote request form.

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Apartment Buildings

Do you own apartments and/or condominiums? Whether you need coverage for a few units, an apartment building, or an entire complex, Duncan and Associates Insurance Brokers can provide you with great coverage options to suit your needs. Start by giving us a call at 1-800-228-8291 and speaking to a licensed commercial property insurance professional today. From there we can provide you with information and a free estimate.

Rental Units

Looking to insure single family rental homes? From cottages to bungalows, Duncan and Associates Insurance Brokers can help you find an insurance policy that is both affordable and comprehensive. Call us today at 1-800-228-8291 and speak with an insurance agent to start your free quote on single family rental coverage.

Office Buildings

Do you own office buildings and business complexes? Are you searching for better rates and coverage on commercial property insurance for your office buildings? If so then call the commercial property insurance agents of Duncan and Associates Insurance Brokers today. As an independent brokerage we can find you the best pricing and coverage available on the market today. Contact us at 1-800-228-8291 to begin your free office building insurance quotes over the phone.

Strip Malls

Do you own a mall, strip mall, shopping center, or other related commercial property? For great rates on commercial insurance for your properties call Duncan and Associates Insurance Brokers today at 1-800-228-8291. One of our licensed agents will get you started with a free commercial property insurance quote over the phone.

Hotels and Motels

Looking for commercial property insurance to cover your hotel and/or motel properties? Through our insurance partners, Duncan and Associates Insurance Brokers offers excellent rates on property insurance to cover your hotel and motel building exposures. Dial 1-800-228-8291 today to talk to one of our experienced property insurance agents and begin your free quotes right now.

Warehouses

Are your warehouse properties in need of a comprehensive commercial property insurance policy? If so, call the commercial property insurance experts at Duncan and Associates Insurance Brokers. Our licensed staff would be happy to assist you with your property insurance needs. Call us toll-free at 1-800-228-8291 to speak with an agent today and get started on your free warehouse insurance quotes.

Vacant Properties

Do you have vacant properties currently in need of insurance protection? To find the best commercial property insurance options available, contact the agents of Duncan and Associates Insurance Brokers today. Give us a call at 1-800-228-8291 during normal business hours and chat with a licensed commercial property insurance agent for free quotes and information on vacant property insurance.