Contractor faulty workmanship or injury on the job site are two risks typically excluded from your investor client’s insurance policy. Whether they are hired, leased, temporary, or volunteer workers, if
A lot of investors don’t know that most property policies exclude coverage for a fire due to aluminum wiring. However, many homes being purchased as investment properties were built when
Many people think that their insurance policy only details what they are covered for in the event of a loss. While it does include the types of losses the insurance
Do your investor clients know that damage from the weight of snow, ice, or sleet is only covered under certain policy formats? For your clients who invest in more northern
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,
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
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
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
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
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.
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