Is It Covered? Tenant Damage
March 21, 2023
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
Category: Insurance Education
Is It Covered? Theft & Vandalism
March 21, 2023
Theft and Vandalism coverage can be one of the most confusing aspects of a property insurance policy. What are the differences between theft, vandalism, and burglary? Are these coverages available
The Importance of Knowing a Property’s Claim History
March 16, 2023
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
Is It Covered? Sewer Backup
March 16, 2023
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
Retaining Investor Clients in a Hard Property Market
March 2, 2023
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
Basic vs Special Form Coverage
February 22, 2023
Basic, Broad, and Special are the three industry-wide property coverage forms available to investors. There can be up to a 30% difference between these policy forms. Ultimately, it is up
Is it Covered? Burst Pipes
February 6, 2023
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
Is It Covered? Liability for Non-Covered Items
January 19, 2023
Generally, if an item is excluded from the Property Coverage on your investor client’s property, it is likely not covered in their Liability Coverage either. Keep in mind that while your client’s Property Coverage protects damage that happens to their investment property, (i.e., the physical building), Liability Coverage protects their financial well-being associated with that property.
How TPP and Renters Insurance Work Together
January 11, 2023
REInsurePro’s Tenant Protector Plan (TPP) is a truly distinctive offering that helps investors and their tenants in the event of a property loss caused by tenant negligence. While we always recommend that that landlords require their tenants to carry renters insurance, the TPP adds an extra layer of protection for both parties.
Even Healthy Trees Need Maintenance
December 20, 2022
Well-kept trees can add value to properties, help save energy, and reduce crime. The downside? Falling trees or large limbs can cause costly damage. In 2022, 6.4% of claims reported to REInsurePro were due to tree-related damage.