Are you wondering why the renewal for your apartment building insurance for your rental building, Co-op or Condo has gone up by north of 20% ? This little primer might help explain why. The Chinese have a proverb, “may you live in interesting times”. If you’re an owner of commercial or residential real estate, especially … Continue reading Why Property & Liability Insurance Cost So Much for Apartment Buildings , Co-Ops , Condos→
Business Income Insurance or Business Interruption Coverage is not only the most often overlooked insurance coverage, but the error rate in how it’s calculated is over 90%, and I am being generous here. Skeptical, pull your policy. My guess is your current agent or broker just applied your gross sales to arrive at the Business … Continue reading Having The CORRECT Business Interruption Insurance Determines If Your Business Survives→
Flood Danger The need for flood insurance at a great price has become a critical necessity for most property owners. A new report from independent researchers shows nearly double the properties across America are in danger of major flood damage. According to First Street Foundation, a NYC based academic group, over 14.5 million properties are … Continue reading The Time to Find Flood Insurance at a Great Price is Now→
Most business owners view the whole insurance purchase and claims process as a black art, which this writer completely understands. After 25 years in the business, I too scratch my head at some of the “spells” insurance carriers concoct. Let me try and be as succinct as possible as I will focus on three main … Continue reading Business Interruption Insurance Coverage For Business Continuity→
Commercial Insurance is one of those things that every company has but not every company understands. In some cases, a person is chosen to be put in charge of the insurance buying process and this person is usually an HR person who has a very little understanding of what goes into the insurance buying process. … Continue reading Commercial Insurance 101: An Introduction to Insurance→
Very few purchasers of Builder’s Risk insurance are aware that coverage ceases in two ways and not just at policy expiration. At expiration as everyone is aware , coverage also ceases when a project, recently completed is awarded it’s Certificate of Occupancy by the municipality it is located in. Rather than write the article … Continue reading Builders Risk Policies Do Not End at the Expiration Date→
