Cooking is the leading cause of home structure fires according to research conducted by the National Fire Protection Association (NFPA). As such, it is no surprise that we’ve seen our share of real-life claims confirming this statistic. The disheartening part … Read More
Prior to 9/11, most insurance policies covered losses caused by a terrorist act in that they didn’t explicitly exclude terrorism as a distinct peril. After 9/11 caused upwards of $47 billion (2019 dollars) in insurance losses, one of the largest … Read More
Your tenants are likely hosting friends and family for the holidays. And if they are not attentive to the finer details, a cooking fire can occur or someone may be injured on the icy front steps. Encourage their safety, avoid … Read More
The umbrella liability policy. One of the most misunderstood concepts in insurance for real estate investors. Even among insurance professionals, how best to structure property and liability insurance for rental properties … Read More
Though insurance shouldn’t be your only strategy for managing risk, it can certainly be a lifesaver if you experience catastrophic property damage. To take full advantage of this risk management tool, it’s crucial to know what your insurance policy holds … Read More
Many people think that their insurance policy only details what they are covered for in the event of a loss. It does include the types of losses your insurance carrier will reimburse and what types of losses are excluded. But … Read More