According to the Insurance Information Institute, 30.2% of all church fires are started by lightning strikes. With that in mind, why don’t more churches have lightning rods? Lightning rods originally developed by Benjamin Franklin in the mid-1700s still offer an effective method to divert the energy of a lightning strike. Lightning rods do not attract […]
The median age in the United States continues to increase and Northeast Ohio is growing older faster than most other urban areas. With that in mind, it is great to know the area is blessed with many great non-profit nursing homes and assisted living facilities that meet the needs of our aging society. Unfortunately, I […]
Artisan Contractors are putting in long hours to get as much work completed before the weather turns cold in Northeast Ohio. But don’t forget you will need to prepare your equipment for winter before it is too late. Below is a list that every contractor should address to avoid a mechanical breakdown that probably will […]
Gino is buying a 14-unit apartment building that is structurally solid, but needs both maintenance and repair work. Three days ago Gino and Toby entered into a purchase contract in the amount of $300,000. Along with signing the purchase contract, Gino also put a $20,000 deposit down on the apartment building. Toby, the current owner […]
During a heatwave, many systems are being worked to their limit. This heavy workload could cause a mechanical breakdown. Insurance for mechanical breakdowns/equipment breakdown can be purchased as a separate policy or as an endorsement to your commercial insurance policy, Equipment Breakdown: A standard policy will cover the following types of equipment. Electrical systems-Including electric […]
Dealing with property claims is always a concern for you, the property business owner. Do you have enough insurance coverage for the loss? What if the loss is caused by a defective appliance such as a refrigerator, stove, electrical cord, and/or a water supply line? Suppose you are a landlord, and the property loss is […]
Keeping your apartment building occupied is paramount to profitability, but don’t be negligent in your application and screening process. The Department of Housing and Urban Development (HUD) has created regulations that define classes of people who can’t be discriminated against in the rental process. (read more) As a landlord, you may not discriminate in renting […]
According to the Insurance Information Institute 30.2% of all church fires are started by lightning strikes. With that in mind, why don’t more churches have lightning rods? Lightning rods originally developed by Benjamin Franklin in the mid 1700’s still offer an effective method to divert the energy of a lightning strike. (read more) Lightning rods […]
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 […]
The median age in the United States continues to increase and Northeast Ohio is growing older faster than most other urban areas. With that in mind it is great to know the area is blessed with many great non-profit nursing homes and assisted living facilities that meet the needs of our aging society. Unfortunately, I […]
