Limits & Sublimits on Property Insurance Policies
[ad_1] Limits and Sublimits in Insurance Policies Limits and sublimits set caps on how much your carrier will pay out for different types of losses. Learn how each can impact your claims in the video below! Transcript: Limit and sublimit–two terms you’ve likely seen in your insurance policy. They both set boundaries on payouts but […]
What is Premises Liability? – NREIG
[ad_1] Understanding Premises Liability as a Real Estate Investor As a real estate investor, it is your duty to maintain your property and keep it in a safe condition for tenants and guests. Failure to do so puts you at an increased risk of a third-party injury claim in which your Premises Liability coverage would […]
Understanding Coinsurance Penalties – NREIG
[ad_1] Understanding Coinsurance Penalties Underinsuring your property, even if accidental, could greatly decrease claim payouts when a loss occurs. In this video, we break down how coinsurance penalties work, and how you can avoid them. Watch below! Transcript: Coinsurance is an insurance provision that requires property owners to insure their property to a certain percentage […]
Actual Cash Value vs Replacement Cost: Choosing Loss Settlement Methods – National Real Estate Insurance Group
[ad_1] Understanding Settlement Methods: Actual Cash Value vs. Replacement Cost When a loss occurs at one of your investment properties, how your insurance pays out can make a significant difference. Which settlement method best suits your business, Actual Cash Value (ACV) or Replacement Cost (RC)? Watch the video below to learn more about the benefits […]
What is Property Insurance? – NREIG
[ad_1] Understanding Property Insurance for Investment Properties Property insurance for investment properties differs from homeowners policies in many ways. To learn more about what property insurance covers and why it is a better option for investors, watch the informative video below. Transcript: Coverage and Protection Whether your investment property is tenant-occupied, vacant, or under construction, […]