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Apartments

10 Reasons Why™

  1. General Liability and Umbrella/Excess coverage with the same carrier
  2. Liability for common areas including swimming pools, tennis courts, lakes, and playgrounds
  3. Property manager included as an additional insured
  4. Capacity for large property values
  5. Earthquake and Flood coverage available
  6. Auto Liability and Garagekeepers Legal Liability available
  7. Ordinance or Law, Demolition, and Increased Cost of Construction coverage included - $250,000
  8. Blanket Building coverage with Agreed Amount available
  9. Sewer Backup coverage included
  10. Interest-free installments available for accounts that generate at least $2,000 in premium

Apartments 10 Reasons Why

Benefits of the Program

Philadelphia Insurance Companies offers a comprehensive property and liability policy that addresses the unique coverage requirements of Apartments.

  • Special causes of loss on building, contents, loss of income and extra expense
  • Back Up of Sewers and Drains included as a cause of loss
  • Building Ordinance coverages included

Supplemental Applications

Please select state specific forms when applicable.

Documents Required for Proposal

  • Completed signed / dated PHLY Residential Supplemental application
  • Completed ACORD application(s)
  • Color photograph(s) of representative buildings and auxiliary buildings
  • Currently valued insurance company loss runs for the current policy period and three prior years for accounts with premium of $100,000 or less. Currently valued loss runs for the current policy period and four prior years for accounts with premium over $100,000.
  • Plot Plan
  • Latest Budget or Financial Statement


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