An Overview of APIA Coverage
- Our insurance policy is Broad Form* 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 policy, whether it’s 3 or more properties located in multiple states.
- Property: $2.5 million per property
- Liability: $1 million occurrence; $2 million aggregate
- Residential Deductible: Starts at $2,500 (1st Tier Windstorm: $2,500 or 2%***)
- Commercial Deductible: Starts at $5,000 (1st Tier Windstorm: $5,000 or 5%)
- Convenient payment options: Monthly 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
***Texas 1st Tier Windstorm Residential Deductible is $3,000 or 3%