Thanks to the explosion of platforms like Airbnb and HomeAway, property owners have found new ways to make money, but it’s also raising important questions about the appropriate insurance coverage needed to protect these investments.
How would an investor client’s businesses and income be affected if their property sustained damage to the point that it is no longer habitable for tenants? Your investor clients have property insurance that may cover the cost of repairs, but what about the rental income they will lose out on in the process?
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.