Named Storm Coverage for Investment Properties
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 […]
Preparing Investment Properties for Wildfire, Hurricane, and Tornado Season
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 […]
Unique Challenges Real Estate Investors Face in Disaster Preparation
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 […]
Help Clients to Avoid Post-Storm Scams
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.
Three Types of Coverage Triggered by Windstorms
The 2022 Atlantic hurricane season (officially beginning June 1), is predicted to be another active one calling for 19 named storms. This increase continues the trends from 2020 and 2021 of above average activity. If your investor clients own Atlantic coastal properties, now is the critical time to be sure they have the appropriate coverage they need should one or more of these forecasted storms strike.
Storms on the Horizon: What to Do After the Storm
Every year, tornadoes and severe storms sweep across much of the nation. Mother Nature can’t be stopped, but there are steps that real estate investors can, and in some cases must take so that insurance coverage is not voided after a loss occurs. Investors should be reminded to heed these tips to prevent bad from turning into worse.