Posts Tagged ‘property insurance’
Protect Your Church From a Troubling Surge in Vandalism
Vandalism has occurred throughout Greater Cleveland’s Churches. From Annunciation Greek Orthodox Church in Tremont, to Immaculate Conception Church in Willoughby to St. Francis de Sales in Parma no area Churches are immune from this troubling trend. But what can a Church do? Locking your doors and walking away is not enough today and with more…
Read MoreWhy Are the Values of My Buildings Going up Faster Than Inflation?
Over the last 18 months I have heard time and time again that the increase in my apartment, strip center or office building’s value(s) is/are being increased too much. These unverified statements can create issues at renewal if they are not addressed beforehand. What is driving higher than normal building value increases? A number of…
Read MoreDon’t Be Beat By The Heat!
Warmer weather is just around the corner for Northeast Ohio and now is the time to get your central air conditioning system ready. Most homes in Greater Cleveland use as split system. Split systems are sealed and pressurized and use circulating refrigerant to create the cooling for your home. Keeping your system running properly starts…
Read MoreYou Are Never Too Busy to Identify Risk
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…
Read MoreStop Damaging Roof Dams Now
Preventing Ice dams on your Church’s roof. Christmas is a week away! Do you remember the below 0 weather last Christmas? I do and I clearly remember all of the calls the agency received 2 weeks later when the weather warmed up and Churches started calling us that water was dripping thru the ceiling of…
Read MoreDon’t Find Yourself Out On The Street, Without Insurance
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.…
Read MoreWarranty Clauses Are Sneaking Into Commercial Property Insurance
The Commercial Property Insurance landscape continues to shift, companies are leaving the marketplace, capacity is being reduced, minimum deductibles are being increased and premiums are going up. However, a not so obvious change is the adding of Warranty Clauses to the policy. What is a warranty in an insurance policy? They are statements made by…
Read MoreDon’t Neglect Loss Control Basics for Your Church
On average 1,300 church fires are reported each year, don’t become a statistic. With more than $40,000,000.00 in fire damage occurring in Churches each year, this is a great time to review some basic loss control items around your Church. Arson comprises 25% of church fires, 30% of church fires result from mechanical failures related…
Read MoreThat Was a Hail of a Storm!
Northeast Ohio has seen two major hailstorms in the last two weeks. Accompanied by straight line winds in excess of 70 miles an hour, the roofs of apartments and smaller strip shopping centers have taken a beating. After the storms we have had, it is imperative that you inspect your roof for damage, once it…
Read MoreCheck All Mirrors Before You Merge
Learn one area of non-profit, tax-exempt status that is often misunderstood. Read why churches and non-profits should carefully monitor tax-exempt status. Throughout history, churches have received the benefit of some form of tax relief. In the United States, the granting of tax exemptions to churches pre-dates the American Revolution. Today, the widely recognized tax-exempt status…
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