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 [...]
Understanding Umbrella Policies
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 liability insurance for rental properties can be misrepresented, leaving [...]
How to Maximize Your Insurance Benefits for Rental Properties
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 [...]
Insurance Coverages for Vacation Rentals
With the growth in the vacation rental market thanks to the explosion of platforms like Airbnb and HomeAway, property owners have found new ways to make money - but it's also raising important questions about [...]
Solving the Most Common Issues with Rentals
Rentals can be a great source of income, but if they aren’t managed well, tenants can significantly damage the physical asset or someone could be injured. Thankfully, through prudent planning and follow-through, you can mitigate [...]