It’s only natural to protect the place where you live and work. Real Estate Insurance encompasses multiple types of property, land, and buildings coverage to meet the needs of property owners, landlords, pension funds, real estate agents, and investment groups. Whether you want to insure a residential or a commercial building, you can do it with one of the packages offered by your local real estate insurance companies.
It can provide all types of protection of buildings of residential and commercial purpose, from standard exposures such as water and fire to more complex solutions such as natural disasters and cyber security, as well as coverage for leasing or renting building space for service businesses, retail stores, offices, etc. The actual amount of coverage depends on your needs and what your insurance provider can offer.
A ballpark figure would be $1,300 a year, but the real price depends on many factors, including location and type of property, industry segment, construction characteristics of the building, as well as the type and the extent to which you want to insure your real estate.
Your homeowners insurance may have gaps that you are not ready for. Click to find out whether there are exclusions in your homeowners insurance that lower your financial safety.
Whether your condominium is located in the center of a major city or on the outskirts, it costs at least a few hundred thousand dollars – the average price of a condo in New York and Los Angeles can reach $1 million for that matter – and is likely insured. And just not insured! It […]
Dwelling coverage is arguably the most essential part of any homeowners insurance policy, as it covers not only the physical structure of your building but also the physical structure of the adjacent buildings or structures
Most owners of real estate do not buy houses instantly but rather mortgage them, splitting the total payment into monthly installments and providing the obligatory homeowners insurance to the lender to validate the mortgage contract.
With over $1.3 trillion paid in premiums annually, the ever-growing U.S. insurance industry is among the first to recover from the coronavirus pandemic, and not without a reason. The core insurance products – health, home, and auto insurance – are considered indispensable by the majority of Americans and are often compulsory. But what about extra […]
By Tabitha Richert Repairing your windows with replacement glass or an entire window replacement can be a great move if you’re looking to upgrade your energy efficiency, or can be a must if the windows have been damaged in an accident or weather event. But the reasons for the replacement and other details of the […]
By Celeste Stewart The pandemic is no doubt an exciting time for sellers. With high demand and everyone fighting over scarce inventory, it would seem like selling your home should be easy. However, there are some things you need to think about before putting up that “For Sale” sign. Here are three tips to help […]
You may get plenty of privacy from your out of town landlord, but that counts for little when water’s gushing through your apartment like Niagara Falls and your landlord lives three states away. Protect yourself against such frustrations with these top tips. Deposit the Rent Establish an easy way to pay rent before you sign […]
The errors and omissions (E&O) insurance policy covered the professional’s financial liability.
Taking out professional liability insurance is not uncommon for businesses. And while it is only occasionally required, some choose to purchase it anyway. Why? This type of coverage can come in handy if anything goes wrong with a printing press, financial advice, organized event, or a recently sold real estate property. And while issues like […]
