Insurance Options

Multiple coverage options, under one policy

Asset Protection

About Our Policies

ABOUT OUR POLICY:

• It covers liability, vandalism, fire, hail, windstorm, and malicious mischief
• No pictures or appraisal required
• No home age requirements
• Rental coverage and loss of rents coverage available
• No coinsurance penalty
• Covers vacant properties, REO/OREO properties, rental properties, rehab and renovation properties
• No construction requirements such as square footage, number of rooms, or specific materials
• Automatic coverage for purchased properties (must report within 60 days)
• Physical inspection of vacant properties only required once a month
• Billing options – monthly, quarterly, semi-annual or annual
• Only pay for the exact days the property is on the policy
• Named insured can be an individual, LLC, C Corp, S Corp, Trust or Estate
• You will receive a physical policy
• Policy is monthly reporting form

For Investors

The Security of APIA’s Real Estate Investor Program

APIA’s policy protects your investment from the day you buy it to the day you sell it. This covers rehab, sale and/or rental.

Program Benefits:
• All properties can be covered in one policy
• Monthly billing and payment, no interest
• Convenient payment options: Monthly, quarterly, semi-annual and annual
• The named insured can be a person, joint venture, partnership, corporation or trust
• Choice of deductible options
• Proof of insurance provided promptly
• Up to $2.5 million physical hazard coverage per property
• Premises Liability $1 million occurrence/$2 million aggregate
• Coverage includes damage caused by vandalism and malicious mischief**

Optional Coverage Available for:
• Loss of rental income
• Flood coverage in designated flood zones
• Terrorism coverage

**Property must be secured and inspected monthly

For Financial Institutions

Because our clients represent so many time zones, APIA’s secure online tracker and reporting system enables them to access their accounts 24/7. Here they can find detailed information about their properties, including insured value separation and property premiums, taxes and fee breakdowns.

An Overview of APIA Coverage
• Our insurance policy is All Risk* and covers losses for secured Real Estate Owned properties caused by vandalism, malicious mischief and theft**
• Both vacant and occupied commercial and residential properties are covered.
• All properties can be covered in one blanket policy, whether it’s one property or 5,000 located in multiple states.

Coverage Highlights
• Property: $2.5 million per property
• Liability: $1 million occurrence; $2 million aggregate
• Residential Deductible: Starts at $1,000 (1st Tier Windstorm: $2,500 or 2%)
• Commercial Deductible: Starts at $5,000 (1st Tier Windstorm: $5,000 or 5%)
• Convenient payment options: Monthly, quarterly, semi-annual and annual
• Automatic coverage for newly acquired properties (purchase must be reported to APIA within 60 days)

*subject to certain exclusions
**Property must be secured and inspected monthly

Chalet Vacation Rentals

Benefits:
• Property coverage with $1,000 deductible
• Liability coverage/$1 million occurrence; $2 million aggregate

Benefits included free of charge:
• 4% inflation guard
• Up to 10% of building limit for personal business property
• Up to 10% of building limit for rental property
• Full replacement cost
• Management listed as additional insured
• No age limitations
• Coverage for unprotected risks
• Ability to bill mortgage company directly

Real Estate Owned

Real Estate Owned Insurance

Real Estate Owned Insurance ( OREO / REO / ORE )

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Forced Place Insurance

Force Placed (Lender Placed) Insurance

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Multiple Properties

Multiple Properties

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Rental Property Insurance

Rental Property Insurance

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Non-Residential (Commercial) Real Estate Insurance

Non-Residential (Commercial) Real Estate Insurance

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Vacant Home

Vacant Home Insurance

Vacant Home Insurance

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vacation rental property insurance

Seasonal / Vacation Property Insurance

Seasonal / Vacation Property Insurance

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