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 […]
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. […]
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 […]
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 […]
2021 is around the corner and insurance companies are finalizing their underwriting plans for next year. What will this mean for owners of apartment buildings and rental units in Northeast Ohio? (read more) Be prepared for insurers to ramp up their inspections to ensure they are charging the proper rate for the exposure. Proper valuation […]
