Insurance is more than a box to check for owners of apartments, condos, and rental properties, it’s a critical safeguard against real financial and legal risks. Property damage, tenant safety, and rising legal liability make commercial habitational properties some of the most complex to insure. To get it right, owners need coverage that reflects their unique…

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Learn why insurance companies employ drones to assess and inspect property. Read why two investment property insureds recently received notices of non-renewal. Drone usage in the insurance industry is not new, but it is getting up close to more and more insureds, including those located in Ohio. While widespread loss assessment was an early application…

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Is this the time to jump into the commercial real estate market and purchase an apartment building in Greater Cleveland?  While real estate prices in Cleveland remain fairly affordable there are signs that 2025 may see price increases faster than the national average. For investors many markets have priced themselves out of range for new…

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Discover statistics worth consideration by Ohio investment property owners. Read a few highlights about Ohio that are favorable for investment property owners. Cleveland, Ohio is home to me. Sure, it gets old rooting for the Browns, dodging potholes, and navigating ice and snow. Those are minor downsides compared to the upsides. While I’m no “expert”,…

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As a commercial property owner, safeguarding your investment is paramount. Real estate insurance provides the essential coverage to protect your property from unforeseen risks businesses face, which can encompass property damage, liability, business interruption, and specialized coverages like equipment breakdown. The scope of real estate insurance is broader than most personal insurance because businesses often…

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Over the last 18 months I have heard time and time again that the increase in my apartment, strip center or office building’s value(s) is/are being increased too much. These unverified statements can create issues at renewal if they are not addressed beforehand. What is driving higher than normal building value increases? A number of…

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Read five basic risk factors involving residential rental investment property. Learn that residential rental investment property is a long-term investment. You gotta live somewhere. For most working people, the choice of where to live is determined by where the job is, followed by a decision to rent or own. While home ownership remains core to…

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It has been very busy at the agency over the last 2 months and I did not realize that I was supposed to write a blog for the agency this week. I know this sounds like an excuse but I was still able to find a great info-graphic from our partners at Travelers Indemnity that…

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Learn practical New Year resolutions for investment property businesses. Read helpful Happy New Year tips for investment property owners and managers. Unlike typical New Year resolutions, investment property businesses require commitment. If that commitment includes a balanced combination of cheerfulness and seriousness, all the better. In the spirit of balancing New Year cheer with thoughtful…

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