Named Storm Coverage for Investment Properties
By policy definition, a named storm is defined as any Storm, Cyclone, Typhoon, Atmospheric Disturbance, Depression, Hurricane, Tropical Storm, or other Weather Phenomena designated by the US National Hurricane Center and to which a name [...]
Investors Need to be Pro-Active Entering 2023
Originally published in REI Ink Magazine. If I could sum up the property insurance market in one word, it would be chaos. If you have been an investor for the last couple of years, [...]
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 [...]
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 [...]
Preparing Your Property for Severe Spring Weather
It may feel a little early to be talking about spring weather preparedness, but now is the time to start thinking about potential risks. You want to prepare your property before they present a real [...]