When it comes to commercial property risks, not all insurance companies want or can insure a mixed-use building. Mixed-Use means there is some commercial space and some apartment space in the same building. It could be a retail store, an office, a coffee shop and then apartments up above or behind the store. Often times […]
Mixed Use Properties Means Some Retail, Some Apartments.
Beware the cute commercials, like the “She Shed” one.
Cute doesn’t exactly explain how the coverage’s apply. Is the “other structure” (in this case a garage, could be a shed too) covered in this fire loss – yes. But what about the contents? Those auto’s you see must be covered under the comprehensive portion of auto insurance – NOT homeowner’s insurance. And if they […]
Get a new puppy this year?
Were you surprised with a new puppy this holiday? With 70% of households owning dogs, homeowner’s often do not think about dog bites or being sued. This has been an ever increasing liability issue & lawsuits from aggressive dogs. In fact, my daughter got bit in the face by a friends dog and my Dad […]
Garage Coverage or She Shed Coverage
With some insurance commercials calling a backyard shed a “she shed” in insurance terms it is an “other structure”. So that she shed is covered by 10% of what the building is covered for in 99% of the insurance policies. So if your house or rental property is covered for $200,000, then you have $20,000 […]
Landlord’s also can have Underground Utility Coverage!
If you are a landlord in New York State and own a 1-4 family rental, you can also add on this very important insurance coverage. For $20 a year, you get $10,000 of underground for all your service lines. This is especially for older, city properties who have antiquated sewer & water lines. Even some […]
Underground Utility or Service Line Coverage Available
Most consumers still don’t know there is an endorsement to a homeowner policy called – Underground Utility or Service Line Coverage. Since some of the national insurance companies don not offer this yet, it isn’t widely known homeowner coverage available. For $20 (some companies it’s $25), a homeowner get’s $10,000 to repair water lines that may […]
AirBnB in New York.
More and more homeowner’s are using their homes as an Airbnb to make addition income, especially when not in use, like on vacation. But I have to forewarn you that there could be many exclusions in your homeowner policy. A guest (invited) causes damage to your home, probably not covered. Or how about your guest […]
Student Housing: Affordable Insurance.
Student Housing: Affordable Insurance. Their are many insurance companies who are scared off when they hear the words “student housing”. They think of wild parties, non-stop foot traffic and messy apartments. But there are several insurance companies who understand student housing and the risks they are willing to take on. Many, many students have help […]
Swimming pools and landlords
Swimming pools and landlords That time of year when your tenants will be asking you, “can I get a swimming pool for my kids”? When one of our landlord clients calls us with that question, my answer is always NO. Why? Why would you put yourself in a position to be the party of a […]
Property Claim – When a Car Hits Your Building.
Property Claim – When a Car Hits Your Building. We have seen a small spike in which a car’s driver hits the accelerator instead of the brake and slams into a building. Extensive damage can be done when a 4,500 (or larger) pound car does hit a building. Rental property owners have some peace of […]
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