Take 5 to Focus on 5

Take 5 to Focus on 5 blog

Discover five property examples that investment property owners need to be aware of for insurance purposes. Learn why investment property owners should inventory their property.  It is important for all investment property owners to inventory exactly what makes up their investment property. For insurance purposes, it is worth the owner’s time and effort to do […]

Rough Roads Ahead for the Commercial Habitational Insurance Market

Commercial Habitational Insurance Market

Apartment owners throughout Northeast Ohio may be in for a surprise when they open their insurance renewals this year! Several factors have come together that are affecting this class of business, and policyholders may see 15-20 percent increases this year. Some issues that are affecting Northeast Ohio directly are caused by the older stock of […]

Crafting a Solid Insurance Program for Owners of Apartment Buildings

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As the owner of an apartment building in Northeast Ohio you want a well built, solid building. As local insurance agents we want to build a solid property and liability insurance program for you. read more A well put together insurance program consists of several components just like your building. The insurance policy should include […]

Owners of Apartments in Greater Cleveland Beware!

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Be aware of what? A huge liability exposure for you as the owner of residential rental properties and apartments in Greater Cleveland. Be aware of carbon monoxide – the odorless, colorless gas that is produced any time fossil fuel is burned. Gas ranges, ovens, furnaces and boilers are some of the sources that can produce […]

Take the Money and Run

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 No, not the 1976 song by the Steve Miller Band but the money after a loss on your apartment building. A couple of weeks ago, one of my customers referred his brother-in-law to me for a quote. The brother-in-law was purchasing his first income property, a single-family dwelling in a Cleveland suburb. I gathered the […]

Moving on Up!

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Recently, I wrote about a prospect in Rocky River who was purchasing her first apartment building. The prospect owns several single-family rental units and the discussion revolved around properly insuring the garage. It was confirmed that the garages must be listed on the declarations page when insuring apartment buildings on a commercial form. This difference […]

1, 2, 3 Basics for Investment Property Owners of Individual Condominium Units

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 Learn three basic considerations for investment property owners of individual condominium units. Read a snapshot of insurance coverage recommendations for condominium unit investment property. Individual condominium unit ownership is a real thing in the realm of investment property. Some fall into it indirectly, such as via inheritance. Some directly decide to purchase a condominium unit […]