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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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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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…

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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…

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Small and medium size business (SMB) owners have a multitude of responsibilities and concerns with running their own business. I understand your concerns because I own a business too. And if you own the commercial property your business is in you have (at least) two businesses to worry about. One of the most important decisions…

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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…

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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…

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In the last month, AM Best and Fitch (companies that provide financial data products in the insurance industry), national consultants Willis Towers Watson, AON, and others have all echoed the fact that rates are going up and will continue to rise in 2020. Price increases in automobile insurance were discussed in an earlier blog, but…

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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 in to the investment is at risk. Be aware you can lose it all…

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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. How often do you get to your office go through the rear entrance…

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