If ever an important investment cost varied significantly, it’s usually rental property insurance. This figure typically fluctuates depending on several factors, including the property’s size and location. Most major insurance companies will offer this type of protection in order to shield your rental income. Regarding the cost, there are a few factors that can influence […]
Read MoreThe Benefits of Flood Insurance for Businesses
Flood insurance is the best way to protect a property from the devastating effects of a flood. In 2019, floods accounted for more than $10 million in losses, according to the Insurance Information Institute. When flooding affects commercial properties, business owners have a lot to lose. The National Flood Insurance Program (NFIP) works with countless […]
Read MoreCommon Myths About Flood Insurance
Floods in the United States result in more than $8 billion a year in losses, according to National Geographic. Water damage, along with secondary problems like mold growth, can ruin structures and belongings. Without flood insurance, the cost to repair, rebuild, and replace homes and businesses can be substantial. No property is completely safe from […]
Read MoreIs Flood Insurance for Renters Recommended or Required?
Approximately 37 percent of renters have renters insurance, according to the Insurance Information Institute. While renters insurance covers common losses and damages resulting from perils like theft, vandalism, and fire, it does not cover everything. Most renters insurance policies do not cover damage caused by a flood. Similar to homeowners insurance, flood insurance must be […]
Read MoreFlood Insurance Benefits for Homes
It just takes one inch of flood-water to cause more than $25,000 in damage to a home, according to the Federal Emergency Management Agency (FEMA). When flooding occurs, homeowners will want to ensure that they are protected. Flood insurance is an effective way to safeguard a home against unknown perils like storms and burst pipes. […]
Read MoreWhat Does Flood Insurance Cover?
Flooding is the costliest natural disaster in the U.S., according to The Pew Charitable Trusts, resulting in federal flood insurance claims of more than $1.9 billion annually. To protect their homes and businesses, most property owners rely on flood insurance. In the event of a flood, a flood insurance policy covers direct physical losses to […]
Read More
