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Habitational Real Estate Insurance
Building Success in the Bay State: The Power of Builder’s Risk Insurance in Massachusetts
In the bustling heart of Massachusetts’ construction landscape, Builder’s Risk insurance emerges as the silent guardian of every project, ensuring that risks are managed, and investments are secure. As the Bay State continues to witness a dynamic construction industry, with projects ranging from building restorations in Boston to innovative developments in Cambridge, understanding the nuances…
Habitational Real Estate Insurance: An Ultimate Guide For Landlords and Brokers
Homeownership is no longer for everyone. Whether it’s because of changing tastes or economic realities, many people these days rent, live in condos and apartments or find themselves in other housing solutions. For instance, in 2021, around 31.8 million homes in the US were part of a multi-family building, be it an apartment complex, condominium,…
Mixed-Use Property Insurance: A Broker’s Guide From Distinguished
Cities are getting smaller. Not because there are fewer people there (the opposite is true in most cases) or because there is less investment, but because cities are embracing density through an increase in mixed-use properties. For instance, in Nashville, nearly 1 in 5 new apartment buildings built between 2012-2021 were classified as mixed-use. Plus,…
Coastal Builder’s Risk: Cost, Coverages, and What You Need to Know
As extreme weather events increase and contractors continue to build along the coast, Coastal Builder’s Risk insurance is critical to protect the investment. In this article, we explore the importance of Coastal Builder’s Risk insurance and how it can help. Sun, sea, and surf: America’s coastlines are chock-full of beautiful vistas and idyllic places to…
How to Sell Real Estate Umbrella Insurance
There are several hazards a property owner faces that could result in a catastrophic liability lawsuit. This includes attractive nuisances (open access to a swimming pool, for example), elevator or escalator malfunction, inadequate security, negligent property maintenance, premises in disrepair, and unprotected slip hazards (such as spills or recently cleaned floors), among others. To determine…
Landlord Insurance in Madison, WI: Keeping Your Clients’ Rental Properties Safe
In the dynamic landscape of property ownership, landlords face a multitude of risks that can impact their financial stability. To counter these uncertainties, landlord insurance emerges as a crucial shield, offering a sense of security and protection. In this informative article, we will delve into the world of landlord insurance in Madison, Wisconsin, exploring its…
Real Estate Umbrella Insurance Q&A
This is an excerpt from our free “How to Sell High-Limit Real Estate Umbrella Insurance” eBook. Click here to download your copy. Why does my property need high Umbrella limits? The real estate sector, like many others, is seeing higher judgments and settlements being reached in liability cases, leaving property owners vulnerable to financial loss without…
Top 3 Areas People Forget When Winterizing A Home
During the winter season most of us remember to do obvious things like crank up the thermostat and stock up on rock salt to prevent slips on icy sidewalks. Depending on where you live, some winterizing preps might seem unnecessary. However, these can quickly turn into costly black swans.
New York Brick & Brownstone Insurance: A Broker’s Guide
Brick and brownstone residential buildings grace New York City’s leafy avenues, from Manhattan to Brooklyn and Queens. Just take a stroll down Joralemon Street in Brooklyn Heights, for example, and you’ll find yourself on the kind of New York City street you imagined as a child – a cobblestone lane lined with historic brownstones. Or visit…
What is City Insurance?
This is an excerpt from our free “Broker’s Guide to City Insurance Program” eBook. Click here to download your copy. The Property insurance market for habitation risks – including multi-family, apartments, condos, and co-ops – has experienced consistent rate increases over the last several years as a result of loss frequency and severity. Catastrophe-exposed areas, in…