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…
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…
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…
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 insurance clients calls us with that question, my answer is always…
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…
Underground Utility Coverage Now Available. There has been a form of coverage, approved by the New York Insurance Department regarding underground utility coverage. Not all insurance companies have adopted this “endorsement” yet, but in our office 4 companies have. This…
Comprehensive Loss Underwriting Exchange (C.L.U.E. Report). Most insurance consumers probably don’t even realize that all insurance companies actually talk to each other! This is actually done through a Comprehensive Loss Underwriting Exchange (C.L.U.E. Report). This reporting agency is where all claims…
Commercial Real Estate Owners and Tenants Loss of Income When a tenant claims loss of income – because of a driving band in winter weather, there is no coverage for loss of income, if no loss has occurred to the…
Not all property insurance companies are created equal! Some insurance companies charge for the liability portion of a building based on square feet. Some insurance companies charge based on the number of units. Some insurance companies have a liability charge…
What does a Home Owner Insurance Cover? Homeowners insurance pays to repair or replace your home or personal belongings when it is damaged or destroyed by a covered event. Your policy states the amount the company will pay and what…