That is why in my office, we want to walk you through any insurance claims you may be reporting directly to an insurance company on their 1-800-number. What if 4 sections of fencing blew down and it cost you $1,300 to get it fixed? You have a $500 deductible, so you would end up getting […]
What if I have several claims and am being non-renewed for insurance?
Flipper’s of Investment Real Estate
If you are a flipper of real estate, just know that you are not going to get “platinum” type coverage on a vacant building. Insurance of these properties will be mostly fire and liability insurance coverage, as insurance companies don’t want the leaky roof, the fuses that need upgrading, the boarded up windows or vandalism. […]
Do you have Underground Utility coverage on your rental properties?
There are several insurance companies that do offer the underground utility coverage on 1-4 family rentals. Sometimes also called “Service Line Coverage” this is for all underground utilities – water, sewer, gas, electric. It’s only on 1-4 family rentals at this time because those are considered “personal lines” insurance policies. When a rental property has […]
Are you using your property as an Airbnb?
Are you using your property as an Airbnb? We’ve had a few clients turn their rental property into an Airbnb and this is a mistake. Not all landlord insurance companies allow for “short term rentals”, which is what an Airbnb is. It isn’t the same party residing there for 12 months, 24 months or 3 […]
Does homeowners insurance cover plumbing leaks in walls?
Depends. The quick answer is the water leaking will likely be covered with anything it damages but the pipe itself would be a maintenance issue. Where it might NOT be covered (we had this claim), where it leaks for months and months before you call a claim in. Insurance is for sudden & accidental events […]
Does homeowner’s insurance cover a cracked foundation?
No. Earth movement and earth “settling” are not covered by homeowners insurance or any property insurance policy.
Who do you trust to handle your financials in real estate?
Who do you trust to handle your financials in real estate? When you want to refinance – who do you trust? When it comes to evictions or law work – who do you trust? When it comes to realtors, who do you trust? When it comes to an insurance professional, who do you trust? I’d […]
If My Insurance Policy Could Talk to Me.
If My Insurance Policy Could Talk to Me. You bought me when you 1st bought the house, as the bank would not lend money without home owner insurance. That makes total sense to me and I am also protecting perhaps your greatest investment. But when the boiler turned 25 years old and gave out, that […]
Who else has remodeled their basement?
Who else has done some sort of remodel to their basement? Recreation room, TV room, Theater room, wine room? Did you know that most all homeowner insurance policies carry a “sub limit” on water/sewer back up? On some it may be as low as $1,000, others could be $2,500 or $5,000. Water back up coverage […]
Homeowner’s Insurance Basics
Money Magazine recently published an article about homeowner’s insurance – https://money.com/best-home-insurance/ which gives a good explanation of coverage’s. It is a good start, especially for new home buyer’s without a prior home insurance policy. While I don’t agree with their top 7 companies, the rest of the article is very, very good and spot on. […]
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