Property Insurance

What’s covered with Buildium’s Property Damage Insurance?

Up to $100,000 in liability coverage with no deductible for resident-caused property damages including:

• Fire, smoke or explosion damages 
• Water damage 
• Accidental discharge or overflow of water or steam from within a plumbing, heating, air conditioning or automatic fire protective sprinkler system or from within a household appliance falling objects (including but not limited to satellite dishes) freezing of plumbing heating or air conditioning weight of “tenant” personal property
• Burglary
• Riot and civil commotion
• Collapse of the building if directly caused by any of the aforementioned. A plumbing system or household appliance does not include a sump, sump pump or related equipment or a roof drain, gutter, downspout or similar fixtures or equipment.

And additional coverages and endorsements such as:

• Loss of Rental Income
• $10,000 per residence premises (unit), per occurrence
• $50,000 per occurrence aggregate 

• Provides coverage for lost rent if a resident is displaced by a covered event (refer to “property damage” above for covered events)

• Pet Damage
• $1,000 per occurrence, $100 deductible
• Provides coverage for physical damage caused by a pet – does not need to meet the definition of “property damage”
• Bed Bug Remediation Expense Reimbursement
• $1,000 per occurrence, no deductible 
• Provides coverage for the remediation (only) of bed bugs