Winter isn't quite over yet! It's always best to be prepared. While Texas weather keeps teasing us that spring is on the way, there’s still quite a bit of winter left before we can really put our guard down and enjoy the upcoming warmth! With that in mind, it’s always a good idea to have the knowledge surrounding your policy and what exactly is covered in the event of a winter storm. In the … [Read more...]
Commercial Property Insurance: The Why Behind the Questions
Reviewing your current policy could save you money! All I want is a proposal. Why so many questions regarding commercial property insurance? From time it time, it makes sense to review your insurance for your apartment or commercial property. When it comes to this decision process, most don’t really know what they are looking for insurance in an agent or an insurance policy, or what the … [Read more...]
Insurance for Property Managers…what you need to know!
Writing insurance for property managers has always been a big part of the business at Ramey King Insurance. We welcome the opportunity to visit with all managers of all types of property from apartments, single family and commercial. Many managers rely on the insurance provided by their property owners to insure their Management Company. There is some overlap and some coverage … [Read more...]
What you need to know about Ordinance Law Coverage
Below is an informative piece about Ordinance Law Coverage. Keep reading to learn more about this special coverage and how it applies to commercial real estate. What is ordinance or law coverage? This is one of the more important pieces of property insurance coverage that gets ignored, or at best, is not truly understood by property insurance buyers and many times by insurance … [Read more...]
Flood Insurance 101
The risk of flooding can strike pretty much anywhere and everywhere. Even if you live outside of a high-risk area, your home is still vulnerable to these natural disasters. Now, if you live in these high-risk areas, you probably already have the required flood insurance protection. But what if you don’t? Well, we’re here to help clarify some information about flood insurance in another one of … [Read more...]
How to insure a challenging property opportunity
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 the right price, may have a few issues that can make it a bit more challenging to purchase. Those same issues may make the property challenging to insure. Here are a few key buzz words: Purchase “as is” Some renovations … [Read more...]
Real Estate Investors New Years Insurance Resolutions
Have you made your New Years Resolutions and Goals? If you have, we hope they work for you and increase your business. But also do any of these goals result in insurance change needs? New Properties or locations; find out what the premium estimates are for these additions before you make the change. What will you charge for rent be during the coming year? This generally does not … [Read more...]
3 Tips for Buying Commercial Real Estate Investors Insurance
Buying commercial real estate can be a great investment. However, it is an investment that includes risk such as fire, hail and floods potentially destroying your property and your hard-earned investment. That is why you have insurance, to protect the investment over the long term. Here are some simple tips for making sure that you have the right insurance coverages and that you are paying the … [Read more...]
Insurance for Business Owners: Adequate Means of Egress
Doesn’t that title sound sexy? Adequate means of egress may sound like something that would put you to sleep. However, it is really something that should keep you awake at night if it is not properly addressed. The bottom line is that business owners care for their customers and employees. Therefore having an adequate means of egress within a commercial building is important. Egress meaning … [Read more...]
Triple Net Leasing
Triple Net Leasing and Commercial Real Estate Insurance Savvy real estate investors know that investing in triple net leases is a solid long-term strategy. These low-risk portfolio properties offer steady income with minimal investment. What is A Triple Net Lease? Like a normal rental agreement, a triple net lease requires renters to pay property owners a monthly fee. Unlike typical lease … [Read more...]
