Choosing the Best Settlement Method: Replacement Cost vs Actual Cash Value
When it comes to settlement methods, you have two options to choose from: Replacement Cost, or RC, and Actual Cash Value, also referred to as ACV. These two options determine how your claims payout is [...]
Basic, Broad, or Special- Which Insurance Coverage Form is Right for Me?
If you’ve shopped for property insurance before, you may have noticed that some policies list Covered Losses as Basic, while others specify Broad or Special. The differences between these three property insurance coverages are significant. It [...]
Micro Flipping: What is it & What Type(s) of Insurance Does it Require?
If you closely follow real estate investment trends, you may have heard the term “micro flipping" thrown around recently. While some large companies like iBuyers, Zillow, Redfin, and Opendoor have been utilizing this strategy for [...]
Evaluating Your Flood Insurance Options
It is important that property owners understand their risk exposure to flood AND are aware that their property insurance policy most likely does not include this coverage. There are several options available to you for [...]
Service Line Coverage for Investment Properties
Did you know that damage to external service lines is not covered under a standard property policy? Depending on the type and severity of the damage, repair work can be quite expensive. HomeGuide reports that [...]
Equipment Breakdown Coverage for Investment Properties
Out-of-pocket repair costs for damage caused by common home appliances, furnaces, and HVAC systems can hurt your business. NREIG's Equipment Breakdown offering helps protect investors like you by covering the physical and financial damage that [...]