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
Do your investor clients know that damage to external service lines is not covered under a standard property policy? Depending on the type and severity of the damage, repair work can be quite expensive. HomeGuide
The weather is warming up and now is great time to help your clients prepare for upcoming risks that come with spring and summer weather. It may be surprising how much advance planning is necessary. Thunderstorms, flooding and tornadoes are approaching, so how can you relay the importance of this preparedness to your investors and clients?
According to the U.S. Geological Survey (USGS), all 50 states have some potential to experience damaging earthquake shaking, and there are about 20,000 earthquakes around the world each year. Yet, in a poll by the
When it comes to insurance for new construction properties, it is important to understand its unique insurance needs. Neglecting to do so exposes your clients and their business to hundreds of thousands of dollars in
It has been another chaotic year for the property insurance market. Many investors and homeowners have recently experienced required increases to insurance value, premium increases, or both. The last few years have been challenging, and
Out-of-pocket repair costs for damage caused by common home appliances, furnaces, and HVAC systems can hurt your clients’ businesses. REInsurePro’s Equipment Breakdown offering helps protect investors and their properties by covering the physical and financial
It is commonly assumed that water damage resulting from a burst pipe is covered under all policies. However, Water Damage as a result of a burst pipe is NOT covered under Basic Form coverage, only
Thanks to the explosion of platforms like Airbnb and HomeAway, property owners have found new ways to make money, but it’s also raising important questions about the appropriate insurance coverage needed to protect these investments.
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