Investment Property Insurance
When Are Contents Part of My Policy Coverage?
My friend, Joe, was informed by a tenant in one of his buildings early Sunday morning that a burglar broke into the apartment building and had stolen money from the coin operated washers and dryers. Not only was the door and doorjamb broken, but the damage to the washers and dryers was severe and a…
Read MoreSplash Into Pool Safety
Finally the first weekend with beyond gorgeous weather, that makes everyone starting to think of all the upcoming summertime fun! If you own a pool at one of your investment properties, it may be time to start planning the maintenance your pool requires. Everyone knows the saying “Safety first!” Therefore, let’s review some basic pool…
Read MoreBed Bugs: Another Liability Exposure?
Bed Bugs, an unseen liability risk. I received a frantic call from an apartment owner late last Monday that one of his east side Cleveland apartments had bed bugs, and is he liable for the damage they may cause to his tenants. I said I would look into it, but in the meantime call the…
Read MoreCrafting a Solid Insurance Program for Owners of Apartment Buildings
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. As the owner of an apartment building in Northeast Ohio, you want a well built, solid building. As local insurance agents,…
Read MoreKnock, Knock. Who’s There?
Learn how the vacancy clause impacts your investment property insurance coverage. Read about potential scenarios involving vacant investment property. Knock, knock. Who’s there? Investment property vacancy. Building vacancy increases the likelihood of property loss. Vacancy and delay in discovering loss or damage go hand-in-hand. In turn, delayed discovery easily results in further damage and/or deterioration…
Read MoreKeeping Your Tenants Safe and Avoiding Liability
Keeping it safe As the owner of an apartment building in Northeast Ohio, you are responsible for the safety of your tenants. While your liability insurance may provide coverage for your negligence if a tenant is assaulted or there is a break-in, having a security action plan will help you avoid these traumatic situations. Some…
Read MoreIs Investment Property for You?
Investment property can serve as an income source and asset builder. Your resources, experience, goals, and tolerance for risk are deciding factors in the type and scale of investment you might make. Financial commitment is a given. Whatever money you put into the investment is at risk. Be aware you can lose it all if…
Read MoreDon’t Panic, Don’t Get Soaked
Learn how investment property owners may lower the risk of water damage. Read about basic factors to consider when evaluating water detection devices. Investment property ownership is all-in. It involves property, people, and the pocketbook. In a nutshell, you’ve got to be able to responsibly manage all three. Uncertainty, the unexpected, and sometimes the unknown…
Read MoreParking Lot Safety and Inspection
How often do you get to your office go through the rear entrance and not even notice the condition of the parking lot your customers and guests see or not notice gradual deterioration of an item? Having a simple checklist can help! • Check for cracked and crumbling pavement. • Parking blocks are secured and…
Read MoreDon’t Get Shocked By Not Having Enough Power
Upon my daughter’s college graduation, she moved home, but when she told me she was prepared to move out again, we got ready for the big change together. Having a child move back home is a blog for another site, but making the next big step in her life meant we started looking at apartments…
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