Stop Ice Damage by Doing These Two Things at Your Property
The cold, hard fact is ice is NOT nice to properties. It can bust open your plumbing system, cause trees to topple over, and even make your roof collapse. Because most of the U.S. experiences [...]
Why You Need to Know Your Property’s Claims History
Myth: A claim that occurred before I owned the property should affect my insurance rate. How great would this be? Not having to pay for the “sins” of the past owner(s). Well, believe it or [...]
Why You Shouldn’t Insure Investment Properties Under Your Homeowner’s Policy
Insuring your investment properties for liability under your homeowner's policy is a common mistake for many new investors. Many will contact their local agent who insures their home and auto, and request to add the [...]
How to Insure Your “Subject to” Property
Insurance for "Subject To" properties is a commonly misunderstood challenge. A “Subject To” deal is when you agree to purchase a property subject to the existing mortgage along with all other liens attached. The existing [...]
Insurance Coverage Options for Turnkey Operators
Turnkey operators have unique needs when it comes to how they insure their property investment portfolio. Whether it’s deciding to carry property and liability insurance (or liability only) or determining what building value is sufficient, [...]
Understanding Coinsurance on Your Investment Property
Coinsurance is an industry-wide property provision that states the amount of coverage that must be maintained as a percentage of the total value of the property at the time of loss. The penalty is based [...]
The NREIG “Is It Covered?” Series
While insurance policies are probably not the most popular item on your reading list, it's critical to understand what is covered and what's not. Knowing what is not covered allows you to take proactive steps [...]
Should I get a Personal Umbrella Policy for my Investment Properties?
Myth: A personal umbrella policy is the best way to cover my investment properties. We hear this on daily basis. Insurance agents collectively do a poor job explaining to their clients what an umbrella policy [...]