Liability protection is most important for landlords. One thing that I think landlord’s overlook, is how important liability insurance protection is when they are buying property insurance. Because we are in a very litigious society, I think this is…
“High Net Worth Homeowners Insurance Buyer Beware!” You have a small water leak behind your bathroom wall for 1 month and now mold is starting to form in your bathroom. A tree just fell onto your sunroom and now the…
Labor Law 240 for Landlords in NY. Unless served with a lawsuit, I don’t think many landlords in New York State know that the labor law 240 is still in existence. This is for all commercial buildings and for residential…
What Additional Insured Status Means For Commercial Real Estate. Bryan Smith bought a small strip plaza from an older friend of his, who wanted to retire from the real estate business. Since they were friends, the seller, Mr. Reilly decided…
Actual Cash Value vs Replacement cost value for landlords. Here in some parts of Buffalo, NY, you can buy a double (or duplex) investment for $40,000 to $50,000. So the real estate market is pretty good here, for those that…
Swimming pools at your rental properties – a no, no! Summer is heading here soon and with that, many people (tenants too) will get swimming pools – from kiddie pools to large above ground ones. That is fine at your…
Forced Placed New York Property Insurance – a potential problem. Many property owners just let a mortgage company place what is called forced placed new york property insurance on their real estate holdings. There are 2 main problems with this…
Thankful for our Real Estate Investor clients. Writing insurance for a new real estate investor today, someone who bought his 1st 3 properties. Because landlords are our specialty in our insurance agency, we were able to find him great coverage…
Why independent insurance broker’s use many insurance companies. I will say up front, that I am an independent insurance broker, meaning I have many insurance companies at my disposal. This means the ability to shop the market for…
Homeowners not covered by all this spring rain. Most of the south, midwest and east is experiencing lots of rain this spring. All this rain, the overflowing of stream, creeks, rivers is considered……Flood! And on all homeowners policies, in every…