Condos – Business Insurance Coverage https://www.paperless-insurance.com General Liability, Workers Compensation, Product Liability, Commercial Auto, Cyber Liability, Molestation or Abuse, and other lines of insurance Tue, 05 Jan 2016 02:04:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.paperless-insurance.com/wp-content/uploads/2012/08/cropped-ppls_round_logo-32x32.gif Condos – Business Insurance Coverage https://www.paperless-insurance.com 32 32 186147305 Insurance for Apartments https://www.paperless-insurance.com/insurance-for-apartments/ Tue, 05 Jan 2016 02:04:46 +0000 https://www.paperless-insurance.com/?p=6059 Read More »Insurance for Apartments]]> Insurance for High Hazard Apartments and CondosCalifornia recently passed legislation that prohibits insurance carriers from considering level or source of income of residential-tenants in the underwriting evaluation of apartment risks.
Therefore, admitted insurance carriers will no longer approve, issue or renew an apartment policy (insurance for apartments) based on information related to a tenant’s level or source of income, including receipt of government subsidies. In the same time, many policyholders are considered to be higher hazard and thus can’t get a decent insurance protection. For example, a high hazard operations for an apartment building would include:

• Armed security guards
• Assisted living facilities
• Boarding houses
• College and/or student housing
• Some condominiums
• Correctional facilities
• Fraternities or Sororities
• Government Owned/Operated Housing
• Group Homes
• Halfway house
• Home based businesses
• Nursing homes or chronic care facilities
• Rehabilitation facilities
• Resort communities
• Risks converted from commercial or industrial occupancy to a habitational occupancy
• Senior living facilities, including assisted living or independent senior living (excluding active adult, e.g. 55+, communities)
• Short term rentals-less than one month rentals
• Timeshare

Paperless Insurance Services, Inc is happy to invite business owners to get insurance quotes for their Apartments / Condos (residential and commercial).
We have access to multiple insurance carriers with an appetite to write a broad range of risks – including apartments and condos with high hazard exposures.
Please contact our office by calling 877-239-0067 to get more information.

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