Is It Covered? – Trees, Shrubs & Landscaping
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 [...]
Insurance for New Construction Properties
When purchasing insurance for new construction properties, it is important to understand its unique insurance needs. Neglecting to do so exposes you and your business to hundreds of thousands of dollars in potential losses resulting [...]
Most Preventable Property Losses for 2020
At NREIG we see multiple property claim submissions each day. Some losses aren’t avoidable, like hail damage. However, many losses we see are preventable, and to our dismay, those types of losses, if with a [...]
Tips for Controlling Your Insurance Costs in 2020
Following the trends of 2017 and 2018 (which saw five of the 15 costliest catastrophes in history), 2019 continued to see property and liability rates rise, and more stringent underwriting requirements. Some insurers’ once strong [...]
Is It Covered? Sewer Backup
Many people think they are automatically covered for Sewer Backup at their investment property. However, according to the Insurance Information Institute (I.I.I.), most homeowners and business insurance policies do not cover Sewer Backup unless that [...]
NREIG Insurance Program Now Offering Terrorism Coverage
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 [...]