Is Hiring Licensed and Insured Contractors Too Costly?
Many investors worry that contractors will cost dramatically more if they’re required to obtain all the recommended insurance coverage. But hiring contractors who aren’t insured can ultimately hurt your business worse than if you had [...]
Insurance Requirements for Lenders and What to Do When Coverage is Inadequate
As uncertainty continues to loom in the real estate investing and private lending space, it may be more important than ever to be sure your borrowers maintain adequate insurance coverage to protect themselves and your [...]
Guest Article: State Legislatures Set Their Sights on Mortgage Lenders with California Leading the Way
Shutting down the economy resulted in skyrocketing unemployment nationally. In an effort to keep tenants and homeowners in their homes, governors throughout the country issued emergency executive orders, many of which restricted the ability of [...]
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 [...]
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 [...]
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 [...]