Across the country, commercial property rates are on the rise as insurers are forced to contend with a rise of natural disasters, social unrest and the COVID-19 pandemic. In addition to these tumultuous times, insurance companies have become stricter with their underwriting by restricting some coverages and excluding risks that have been covered in the past. While it might seem like the rates … [Read more...]
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Business Interruption Insurance
What is Business Interruption Insurance? Business interruption insurance is insurance coverage that replaces income lost in a disaster. The event that causes the interruption can vary, but generally, it is a fire or natural disaster. Business interruption insurance is not sold as a separate policy but is either added to a property/casualty policy or included in a comprehensive package policy as … [Read more...]
Understanding How Insurance Lessens Your Financial Risk
When it comes to protecting your finances, there are many avenues one can use to ensure its security. And, the reason most people take protective measures to ensure financial security is because of how unpredictable the future can seem. In the midst of an election year, and a tumultuous 2020 to boot, we thought it appropriate to discuss how insurance lessens your financial risk. When it comes … [Read more...]
Trees & Homeowners Insurance
Trees are very common around houses and in communities across the United States. Many people enjoy the beauty, shade and ambience trees provide to their home. However, over time, disease and the elements can take a toll on these trees, turning them into dangers to your own property or the property of others. Insurance You might be wondering if insurance will pay for the removal of standing … [Read more...]
Identifying and Managing Stress
2020 has been one of the more stressful years for many. With the recent pandemic caused by coronavirus, many are finding it difficult to cope with the sudden onslaught of changes to daily living. More often than not, dealing with stress is put on the back burner or, in general, people are not quite sure how to deal with it. It is, however, incredibly important to learn how to manage stress because … [Read more...]
3 Tips for Comparing Apartment Investors Insurance
Apartment real estate can be a great investment. However, it is an investment that includes risk such as fire, hail, and floods. All the above have the potential to destroy your property and hard-earned investment. That is why you have insurance; to protect the investment over the long term. Below, we have outlined some simple tips for making sure you have the appropriate insurance coverage for … [Read more...]
Foundation Coverage: Four Types of Water Damage to Consider
Homeowner's Insurance provides coverage in the event your home or belongings suffer damage or complete loss. When you make a claim on your policy, the coverage provided is based on the event that caused the damage. This is also known as "peril" in the insurance world. One of the most common peril homeowners want on their policy is water damage. It is crucial to know the four types of water … [Read more...]
Real Estate Investment? Cons of that “great deal”
Most people in the real estate investment business hope to find that “great deal” for the right price to add to their portfolio; but many times the property that has that great price may have a few issues that can make it a bit more challenging to purchase…and insure. When searching for real estate, here are some common buzz words to be mindful of: Purchase “as is”Some renovations … [Read more...]
How has COVID-19 changed your business for 2020?
The State of Texas is slowly reopening and many of us are starting life again with a new normal. This is especially true of business owners across the state. While the rest of 2020 remains uncertain, we have compiled a list of questions pertaining to your business and insurance coverage. We hope you find these points beneficial as your business resumes operations. Has your property recently … [Read more...]
The Benefits of Combining Home & Auto Insurance
Most insurance companies do not sell one type of insurance. If you go to an insurance company for a car insurance policy, there is a strong chance they will try and encourage you to bundle it with a homeowners or renters insurance policy. Many major insurance companies offer home and auto insurance bundles which contain quite a bit of perks, discounts and unique coverage opportunities when … [Read more...]
