Investment Property Insurance
Don’t Find Yourself Out On The Street, Without Insurance
Owners of multifamily housing are seeing an upheaval in their renewals this year if they are even being offered one! The multifamily and rental property industry has been facing a challenging market place for several years but this past year and the next 24 months may put many landlords out on the street without coverage.…
Read MoreThat Was a Hail of a Storm!
Northeast Ohio has seen two major hailstorms in the last two weeks. Accompanied by straight line winds in excess of 70 miles an hour, the roofs of apartments and smaller strip shopping centers have taken a beating. After the storms we have had, it is imperative that you inspect your roof for damage, once it…
Read MoreIs Your Financial Roof Protected by Business Income Insurance?
Discover why investment property owners should consider business income insurance. Learn a few basics about the purpose and benefits of business income insurance. Planned walk-throughs are one way investment property owners address general upkeep and preventive maintenance. An additional proactive exercise is mentally walking through “what if” scenarios. Thinking about more than what you actually…
Read MoreUsing the Proper Fuse-Keeps Your Property Safe
Greater Cleveland has many older apartment buildings however many of them still have fuses. Fuses were the norm prior to circuit breakers being installed in new construction to help wires from overheating and causing electrical fires. Fuses still work well when properly sized, however, in very old fuse boxes or overtime, the wrong amperage fuse…
Read MoreCheck All Mirrors Before You Merge
Learn one area of non-profit, tax-exempt status that is often misunderstood. Read why churches and non-profits should carefully monitor tax-exempt status. Throughout history, churches have received the benefit of some form of tax relief. In the United States, the granting of tax exemptions to churches pre-dates the American Revolution. Today, the widely recognized tax-exempt status…
Read MoreDon’t let uninsured tenants burst your bubble
It was great to have my son home for the holidays last month even if we did not have the greatest weather on Christmas. When my son got back to New York City on December 30 (the first day Southwest Airlines was back “on-line” that could be another blog) he called me in a tizzy…
Read MoreTrick or Treat
Read a limerick followed by insurance tips for landlord/investment property owners. Learn the importance of insurance in protecting investment property owners’ interests. There once was a landlord aplenty Revered to be prudent and tenty His tenants were a treat Rents never missed a beat ‘Til one caught fire and burned up twenty. Scary surprises happen,…
Read MoreDon’t get into Hot water this winter with a busted boiler
Understand some of the major conditions that can affect the operation of your heating boiler this winter. From Lakewood to Cleveland Heights, Greater Cleveland has some beautiful older apartment buildings. Most of these apartments are heated with cast iron boilers either using steam or hot water to operate the systems. Hartford Steam Boiler, one of…
Read MoreTake 5 to Focus on 5
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…
Read MoreRough Roads Ahead for the 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…
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