Property Management Errors & Omissions Coverage for Self-Managed Properties
If you are an investor with rental properties and have contracted with a Property Manager, your PM likely will (and should) carry Professional Liability coverage, or Errors & Omissions. This helps to cover them in [...]
Is It Covered? – Liability for Non-Covered Items
Welcome to our “Is It Covered?” series. For a fuller introduction of the series, read HERE. We hope these quick reads will help you increase your understanding of your insurance coverage, clear up confusion and [...]
Wildfires, Hurricanes & Tornadoes are In Season – is Your Property Ready Too?
With the ability of catastrophic weather events to spring up and escalate quickly, preparing your properties and tenants well in advance is of the utmost importance. Once they begin there is usually little, if any, [...]
Is tenant damage covered under your insurance policy?
Many assume that ANY kind of damage done by a tenant will be covered. This is simply not the case. Though coverages vary, certain types of damage done by tenants are excluded in standard policies [...]
What is Cash for Keys and how to avoid tenant damage?
So what do you do when a “normal” check-out scenario clearly won’t work with your current tenant? i.e. He/she is months behind on rent, you are going through the eviction process or there is animosity [...]
Insurance Options for Your General Contractor
Unless you are enthusiastic about losing sleep and money, anyone you hire to do work on your property needs to be appropriately licensed and insured. Many investors worry that contractors will cost dramatically more if [...]