Liberty does not currently insure inflatable equipment such as bounce houses. Liberty can discuss coverage for the rest of your rental inventory.
Premium is driven mainly by the building’s location and catastrophe exposure, the age and condition of its roof and systems, its construction type, and its loss history. Amenities such as pools and security conditions shape the liability side.
Each entity that holds title to a property must be a named insured on the policy covering it, but each LLC does not need its own policy. One program can schedule several entities, as long as every entity and location is listed correctly.
Either can, and the construction contract states which one does. On many development projects the owner or developer buys builder’s risk because the lender requires it and the owner holds the financial stake in the finished building, though some contracts shift it to the general contractor.
Contact Liberty to work with an expert that can answer all your questions.
