If you closely follow real estate investment trends, you may have heard the term “micro flipping” thrown around recently. While some large companies like iBuyers, Zillow, Redfin, and Opendoor have been utilizing this strategy for
The term “flood” is used quite liberally in everyday language. Is water backing up in your investor client’s basement? They may tell you, “The basement flooded.” But did it really, or is that Sewer Backup
There are plenty of resources to help homeowners get their families and their homes ready for a potential natural disaster. However, real estate investors have some unique challenges in readying a property that they own,
It is important that property owners understand their risk exposure to flood AND are aware that their property insurance policy most likely does not include this coverage. There are several options available to your clients for flood insurance, so read on to help them understand how to evaluate their risk and work to determine the right course of action for them.
Many assume that ANY kind of damage done by a tenant will be covered. This is simply not the case. Though coverages vary, certain types of damage done by tenants are excluded from standard property
Theft and Vandalism coverage can be one of the most confusing aspects of a property insurance policy. What are the differences between acts of theft, vandalism, and burglary? Is coverage available under Basic, Broad, and
MYTH: A claim made by the property’s previous owner shouldn’t affect the subsequent owner’s insurance rate. How great would this be? Not having to pay for the “sins” of the past owner(s). Well, up until
Catastrophic weather events are unpredictable and can escalate quickly. Once they begin, there is usually little time to run for cover. Natural disasters don’t wait on humans to be ready to respond. That being stated,
Many property owners think they automatically have coverage for Sewer Backup at their investment property. However, most homeowners and business insurance policies do not cover Sewer Backup unless it is specifically added to the policy.
You have likely heard it before; it is easier to keep a client than it is to get a new one. Acquiring a new client can cost up to five times more than retaining an
Copyright © 2024 REInsurePro. All Rights Reserved.
A division of National Real Estate Insurance Group.