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 [...]
Understanding Umbrella Policies
and Why to Buy Coverage on a Commercial Form 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 [...]
How to Maximize Your Insurance Benefits
Though insurance shouldn’t be your only strategy for managing risk, it can be a lifesaver if you experience catastrophic property damage. To take full advantage of this risk management tool, it’s crucial to know what [...]