Property owners and property managers are often veterans when dealing with insurance, so chances are you are familiar with the coverages you need. It comes with the territory. You understand the risks you face, and you know how insurance can protect you. But there is more to it than just having the correct coverage. You must also ask yourself if you have the right coverage for your situation, and if you are setting yourself up to be in the best possible insurance situation – especially if you are insuring an “older” building. (By insurance terms, “older” typically means that the property was built more than 20 years ago.) Here are a few ways you can improve your insurance situation as a property manager or owner if you’re insuring an older apartment building.
