LIKE WHAT YOU SEE?
Share It With The World!

Property Insurance For Investors Under One Policy

Our Asset Protection Policy Covers

Multiple Properties

One of the most daunting insurance tasks is covering multiple properties with various occupancy situations. We find that a lot of investors have multiple properties in numerous states with various levels of occupancy and need multiple property insurance. This can be a real hassle when it comes to insuring the unoccupied properties and APIA Inc. strives to make this part of your life as painless as possible.

This policy covers all your properties in any state and in any occupancy condition. Your policy allows you make changes to the property’s occupancy on a monthly basis without having to undergo any additional underwriting processes. When the property is vacant you are only required to inspect the property on a monthly basis. This inspection is not required to be performed by the owner and can be accomplished by the property manager, trusted advisor, or a hired company.

Whether you have 3, 3,000 or even more properties, all are covered under one policy with one payment and one renewal date regardless of state or occupancy.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request. Liability limits are $1,000,000 per location and $2,000,000 annual aggregate.

Real Estate Owned Properties ( OREO / REO / ORE )

Why do you need real estate investor or REO insurance? In today’s economy we are seeing foreclosure rates increase. Foreclosures happen for a myriad of reasons some of which include job loss, a short-sale that could not be completed, and even “strategic foreclosures.” The financial loss that a foreclosure causes to a bank can be compounded by damage to property while it is being held.

APIA, Inc specializes in helping financial institutions and their agents navigate the different options available. Our Certified Insurance Counselors® work directly with agents and financial institutions to properly explain the coverage that meets your objectives.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request. Liability limits are $1,000,000 per location and $2,000,000 annual aggregate.

Force Placed (Lender Placed) Properties

Finding a reputable force placed insurance company is absolutely vital to your investment. Most mortgage agreements include verbiage that states that the mortgagor must provide evidence of insurance. In the situation whereby the mortgagor does not adhere to this standard, this policy allows you to “force” the insurance onto the appropriate party. This type of force placed insurance helps protect your property and allow you the peace of mind that your property is covered in the event of a covered loss.

Whether you are acquiring insurance for a financial institution or you are an individual investor that owns mortgages we help you navigate the insurance issues that will help you become properly protected. We also work with escrow to ease the billing situations.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request.

Rental Properties

Most property owners understand the value of protecting their rental investment with rental property insurance. Rented property also comes with the risk of having that property become vacant at some point. Whether it is due to a non-renewed lease or an eviction, the increased risk of a vacant property must be addressed. Your policy with APIA, Inc. covers you in both instances and does not require that you rewrite your policy each time it becomes vacant or rented. Your monthly reporting to us allows you to simply change your property occupancy from vacant to rented without any other hassles.

This policy provides you protection for not only the physical structure but also provides liability coverage. All of your rental properties are covered under one policy regardless of which state the property is located and there are no age or construction restrictions on the property. One to four family residences are covered under this policy.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request. Liability limits are $1,000,000 per location and $2,000,000 annual aggregate.

Non-Residential (Commercial) Real Estate Properties

Commercial real estate is a flourishing aspect of the real estate market. Many investors find themselves diversifying across various lines of the real estate market to help solidify the variation of their cash flow and cash on cash returns.

APIA Inc. allows you to cover both residential and/or commercial property on the same policy regardless of state or occupancy status. Vacant property only requires a monthly security and physical inspection of the property. This will help you simplify the insurance of multiple property and allow you to have only one payment and one renewal date regardless of the type of property covered under the policy.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request. Liability limits are $1,000,000 per location and $2,000,000 annual aggregate.

Vacant Properties

Vacant home insurance is crucial to protect your investment. Vacant property exposes the investment property owner to some very high risks such as theft, burglary, vandalism, and fire to name a few. If a fire occurs on an investment property that is vacant it is reasonable to expect that the loss will be complete and devastating to your investment objectives. A complete loss does not just affect the property, but also your cash flow, cash on cash returns, resale opportunities and time frame, and investment growth. APIA Inc. takes a proactive approach to helping you protect your investment with appropriate coverage.

Standard deductible options are $2,500 for residential properties and $5,000 for commercial properties. Other options are available upon request. Liability limits are $1,000,000 per location and $2,000,000 annual aggregate.

Included Coverage

Click coverage options below to expand

Premises Liability Coverage *

Property Coverage

Coinsurance Penalty

Additional Coverage Options

Vacancy Coverage *

Earthquake Coverage

Terrorism Coverage

Flood Coverage

Loss of Rent Coverage

Contents Coverage

About Our Policy Coverage

  • 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*
  • Policy is monthly reporting form
  • You will receive a physical policy
  • 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 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

*Vacancy must be revealed at the time it occurs but does not force you to take any other actions. There are no time restrictions to the vacancy. Once the tenant moves out, you may choose to allow the property to be vacant for any amount of time and no additional adjustments must be made to the policy. Security and Physical Inspections are only required on a monthly basis during its vacancy.

Policy Details

For Investors & Property Managers

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 or 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

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 policy, whether it’s 3 or more properties located in multiple states.

Coverage Highlights

  • 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%

APIA offers the best property insurance for investors in the United States. Interested in insuring your assets under our policy? Fill out our online application for a quote, or contact us for more information.

Payment Options

We offer flexible payments that fit your budget and cash flow needs. You do not pay in advance for your insurance. You are billed for the previous month and charged for only the days that the property is owned. For example, if you own the property from March 1 to March 17, you are only charged for those exact days.

Payment can be made via check or ACH:

Monthly

Annually