Every day, our people and network of AIC Authorized Agents deliver apartment owners and managers insurance through innovative products and services. By counting on us to meet their specialized insurance needs, our clients are able to pursue a secure course toward their goals. AIC has supplemental offerings for apartment owners and managers who have an ancillary commercial office or retail component to their property schedule.
Coverage Highlights
Habitational Property
Our Program Carriers are “A” Rated |
Building and Personal Property: Replacement Cost |
Building Ordinance or Law Coverage A: Included |
Building Ordinance or Law Coverage B & C: $10,000,000 combined |
Extended Period of Indemnity for Loss of Rents: 180—365 Days |
Demolition and Increased Cost of Construction |
Boiler and Machinery: Included |
Terrorism: Included |
Real property includes fences, carports, signs, storage & pools: Included |
No Coinsurance |
Commercial Property
Our Program Carriers are “A” Rated |
Building Ordinance or Law Coverage A: Included |
Building Ordinance or Law Coverage B and C:$1,000,000 combined per location |
Extended Period of Indemnity for Loss of Rents: 180 Days |
Equipment Breakdown: Included |
All Other Causes of Loss: As low as $10,000 per location, per occurrence |
Windstorm and Hail (Excluding Tier One Counties): $25,000 or $50,000 per location |
No Coinsurance |
General & Excess Liability
Our Program Carriers are “A” Rated |
Non-Owned and Hired Auto Liability: $1,000,000 |
General Liability Limits: $1,000,000 / $2,000,000 |
General Liability Deductible: $2,500 per occurrence |
Excess Liability Limit: $10,000,000 per occurrence |
Attractive Deductibles
All Risk of Direct Physical Damage: As low as $10,000 per location |
Windstorm & Hail |
Non-Convective States: $10,000 to $50,000 per locationConvective States: 1% -3% TIV (subject to $50,000-$100,000 min.) |
Equipment Breakdown: $10,000 per location |
Terrorism: $10,000 per location |