If you own a commercial residential property, you have probably encountered the term “habitational” when considering your insurance needs. In a broad sense, “habitational” refers to a place where someone may live. In terms of insurance, policies for habitational properties generally refer to business insurance for rental properties such as apartment complexes, condos or rental homes. 

The professionals at Michael Noe Agency, Inc. can work with you to find the coverage that fits your needs. Contact us today for more information. 

What Coverages Are Available for Owners of Commercial Residential Properties? 

Perils create financial losses for owners of commercial residential properties. Insurance may cover both liability exposures and incidents that result in property damage. Some common causes of loss include hail, windstorms, fire, vandalism or lightning.  

Other coverages may be available. Your agent can provide more information on options, limits and exclusions. Contact us for additional information. 

Do I Need Insurance? 

No matter the number of properties or tenants you have, securing insurance is an essential aspect of managing your property. Commercial residential property owners face numerous risks, and having the proper insurance can provide vital coverages in both the building and its furnishings. It can provide repair or replacement costs to help keep your building safe and operational. It can provide compensation for medical expenses or legal fees if you are responsible for an injury occurring on your property. 

Contact Us Today 

The team at Michael Noe Agency can discuss insurance policies tailored toward owners of commercial residential properties. Each owner’s risk profile is unique, and we can help you find the coverages that are right for you. Contact us today to get started.