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.
The year 2021 continued to be an interesting year in the insurance market, with extreme and unique weather events and ongoing uncertainty around COVID. The industry as a whole continues to experience a rapidly hardening property market, a trend that accelerated in 2020, but had been snowballing the previous five or six years. It is common for the market to cycle from hard to soft every five to ten years, so it is increasingly important for investors to ensure that their insurance agent is advising them on ways to “ride out the storm” while still maintaining adequate coverage.
Many regions of the U.S. have already received their first snows and freezes, but your investor clients can still fortify their “castles” against the coming cold. In this two-part article series, we’ll look at four winter perils from which your client’s need to shield their properties. In Part 1, we address ways to protect occupied properties and next month, we will address vacant properties and renovation projects. Let’s get started.
Cooking is the leading cause of home structure fires. Cooking fires are also one of the most preventable losses. With regular maintenance and inspections, use of fire suppression devices, working smoke alarms and safe cooking practices, one can nearly eliminate the chance of a catastrophic cooking fire. Keep reading to find out what investor clients can do to make sure their properties and tenants aren’t harmed by an accidental cooking fire.
Tenants are likely hosting friends and family for the holidays. And if they are not attentive to the finer details, a cooking fire can occur, or someone may be injured on the icy front steps. Share these 10 key factors with your investors to encourage tenant safety, avoid holiday liability, and ensure your investor client’s properties don’t get damaged during the jolly season.
One of the most severe losses investment properties could sustain is a fire. Here five key areas to “tame the flame” so your investor clients and their tenants don’t get burned – financially or physically.
As the weather cools down and the winter holidays approach, new risks emerge to your investor clients’ properties. Here are 10 things to discuss with your clients to help them prepare their properties to avoid costly losses.