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 […]
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 […]
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 […]
Buildings built before 1978 may contain lead that was used in both interior paint and exterior paints how does Insurance address this? Greater Cleveland is alive with new apartment construction! There is building activity from Intro across from the Westside Market to Treo near the Duck Island neighborhood to the Ascent at the Top of […]
Insurance for All I wrote a blog about keeping your tenants safe and avoiding liability. Richey Barrett has also written and repeatedly posted information about active shooters at religious institutions. Now, these two topics needs to come together! Management plans for landlords must address active shooter situations and the insurance industry needs to start providing […]
COVID-19 and Building Vacancy As I travel throughout Northeast Ohio, I see what COVID-19 has done to this once bustling area. Highways empty, office complexes with empty parking lots as employees work from home and shopping centers with more and more vacancies as small retailers continue to shut their doors. Once the scourge of Covid-19 […]
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 […]
Insurance for AllProtecting your Investment Property I wrote a blog a couple of months ago about keeping your tenants safe and avoiding liability. Richey Barrett has also written and repeatedly posted information about active shooters at religious institutions. Now, these two topics need to come together! Management plans for landlords must address active shooter situations […]
