To attract the best tenants and beat out the competition, your investor clients may want to offer unique rental amenities. Some common perks include a spacious kitchen, upgrades to flooring
By policy definition, a named storm is defined as any Storm, Cyclone, Typhoon, Atmospheric Disturbance, Depression, Hurricane, Tropical Storm, or other Weather Phenomena designated by the US National Hurricane Center
With the ability of catastrophic weather events to pop up and escalate quickly, preparing properties and tenants well in advance is of the utmost importance. Once they begin there is
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,
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
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
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?
Our thoughts are with all of those who were affected by Hurricane Ian.
Unfortunately, some unethical individuals wish to take advantage of those who have just suffered a loss. Service providers may attempt to exploit your clients’ difficult situation by pressuring them into signing an unread contract and inflating repair costs.
If your investor clients have properties in coastal locations, it might not always be clear if they have coverage when a tropical storm or hurricane passes through. Damage may occur because of the force of winds, rain driven by those winds, storm surge, and flooding. Some carriers get very specific about separating these coverages versus covering damage occurring in one storm event under the Named Storm peril.
The New Year is all about self-improvement. And though some people dread New Year’s resolutions, real estate investors salivate at the sound of “new”. After all, real estate investors improve things for a living. Now, improvement is wonderful, but all this betterment does take planning.
Copyright © 2020 REInsurePro. All Rights Reserved.
A division of National Real Estate Insurance Group.