Abram Interstate Insurance Services, Inc., CMGA

Helping Independent Insurance Agents Since 1996

Did you Know? | Incentive Product Highlight: Apartments

Published on August 2, 2016

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Did you know?

  • The last U.S. Census (2010) showed that there were almost 27 million rental housing structures with 2-50+ units in the country.

UNITS IN STRUCTURE
2 to 4 units 8,347,000
5 to 9 units 5,515,000
10 to 19 units 5,240,000
20 to 49 units 3,707,000
50 or more units 3,905,000
  • 16.8% of California’s population lives in apartments

Large Cities: Population, Housing, and Renters
City Names Population  Total Occupied Housing Units  Total Apartments  Apartments Percent Of All Housing 
Los Angeles, CA 3,884,340 1,320,167 563,413 43%
San Diego, CA 1,355,885 480,730 139,116 29%
San Jose, CA 998,514 314,210 69,378 22%
San Francisco, CA 837,442 354,651 142,598 40%
Source: NMHC tabulations of 2013 American Community Survey, 1-Year Estimates. Updated 9/2014.
  • In the U.S., as of 2011 there were over 16 million apartments, but only 3.3 million of those were new apartments (built between 1990-2011).

  • Sometimes older apartment buildings can be hard to insure, even if they have updates. BUT…

At Abram Interstate, we have a market for you that allows apartment owners to find insurance for the older apartment buildings with updates. We can insure new apartment buildings as well, of course, so send them over to us also.

Want to be pro-active in marketing to your area? Learn more about apartment rental statistics by metro area HERE.


Apartments Insurance Product Highlight

Coverages
Package: Property and General Liability

Deductible
$500
$1,000
$2,500
Higher Deductibles Available

Optional Coverages

  • Building owners endorsement is available.
  • Blanket limits building and business personal property coverage is available
  • Business income and extra expense
  • Basic/ Broad/ Special Form
  • Replacement cost or ACV
  • Building
  • Contents
  • Signs
  • Crime
  • Read more underwriting guidelines HERE or Chat with us online now for a quick question!

Click here to submit a one-page quick-quote application


Abram Interstate Insurance Services, Inc. is a California wholesale insurance broker (CMGA) that has licensing and expertise to place business in both admitted and non-admitted markets for personal lines insurance and commercial lines insurance in California and surrounding areas.

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