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How to Set Up Your Home to be a Rental Property
Renting out your house instead of listing it on the real estate market is a common, and even profitable, way to hold on to your property when you aren’t currently living in it as a primary residence. Some homeowners choose this...
Read MoreWhat's the Difference Between ACV and RCV Coverage?
Actual Cash Value or Replacement Cost Value? Suppose someone asked you right now whether your home, business, auto or other property insurance covers you for actual cash value (ACV) or replacement cost value (RCV), would you know? Or,...
Read MoreHow can one insurance company charge a significantly lower rate than another insurance company?
Why Are Insurance Rates So Different? I was asked this question recently when I was presenting an insurance proposal to an owner of an apartment building here in Pennsylvania. They wanted to know how/why my rate was so much lower than...
Read MoreAvoiding Large Premium Increases
Yes, we are in the midst of another Christmas season. What does that mean for those of you that have tenants? Think increased fire hazard. Do your tenants have Christmas trees or at least decorations with strings of lights? Of course...
Read MoreTenant's die in fire - Property owner liable
Would You Be Liable For Tenant's Death From a Fire? A True Story… I had a prospective client call me about insurance for his various apartment rental locations, he owned over 10 locations ranging from single family homes to 5...
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I care about my commercial property and have good tenants. Insurance companies don't always agree.
What do you mean the insurance company doesn't want to insure me? I have great tenants, they pay their bills on time and don't complain! While that may be a good tenant in your eyes that is not the only consideration for the insurance...
Read MoreWhat does the Earthquake in Nepal and the Riots in Baltimore have in common?
There is no direct correlation between these two events however, they both have something in common. These events were mostly unexpected and they both caused substantial bodily injury and property damage. In the event of the...
Read MoreSocietal chaos - Lack of self Responsibility
It seems that our society continues to lose grasp on the norm of being self reliant and responsible for our actions. In recent years it appears that society believes everything is someone else's fault and not our own. I see increasing...
Read MoreAre you paying for your tenants negligence?
Irresponsible Tenants Cost you more than you think!! An irresponsible tenant is costing you more than just the disturbance they may be causing in your apartment building. Such tenants can cause other tenants to move out and advise...
Read MoreFlood Insurance Rates surge again starting April 1st, 2015 - Not an April fools joke!
Yes the Homeowner Flood Insurance Affordability Act of 2014 did provide some immediate relief from increased flood insurance rates, however, that revision to the law only slowed increases down. Beginning April 1, 2015 the next wave of...
Read MoreEmployment Practices Liability Insurance averts business bankruptcies!
Employment practices liability insurance also known as EPLI is a vital part of any business asset protection plan if they have employees. EPLI protects businesses against claims made by employees or potential employees that claim the...
Read MoreThe Flood Insurance debacle
Unfortunately flooding occurs on a regular basis and where it floods isn’t always predictable. All Standard insurance policies exclude Flood Insurance this includes your Homeowners insurance policy and your commercial policies....
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