LIKE WHAT YOU SEE?
Share It With The World!

Blog

Understanding Insurance Language: Named Insured vs. Additional Insured

Insurance can be complicated, and policies contain words and phrasing that can confuse many people. For some, they don’t read their insurance policy, so they may not know what’s in it.  At APIA, we care about our clients. They are the ones purchasing the insurance and it’s their money so, we want to make sure they are educated on what they paid for.

fix and flip, vacant insuranceYour First Fix and Flip

You just acquired your first Fix and Flip property, and are ready to begin your adventure becoming the next Fixer Upper.  You’ve lined up contractors to do the dirty work you aren’t able to do yourself.  You know the area you will focus on to buy and sell homes. You have a marketing plan to get the house sold as quickly as you finish.  What have you forgotten?

Property Investor Insurance: Actual Cash Value vs. Replacement Cost Value

property investor insurance, property investment insuranceInsurance policies are difficult to understand, we all know that. ACV, RCV, what does it all mean? Clarification of the insurance language is important.  There are very few people who will read a policy cover to cover and understand what it means. This article is intended to take basic information of property investor insurance and explain what it means to you.

Understanding Insurance Policy Language: Vacant Home Insurance

investment property insuranceIn the world of insurance, there are many different types of insurance policies.  Each of these policies has coverage for that specific policy type such as an automobile, home, and life policies. Insurance is important and sometimes required by law.  People know this requirement, so they purchase a policy.  The question is, do they really know what the policy covers or does not cover?  Probably not.  There are insurance companies who care about their clients and believe that if they are going to spend the money, the policyholder should know what’s included in coverage and if there are any restrictions. Vacant home insurance is one of those that you need to pay attention to.

Insurance claims The cost of an insurance policy should never be the only factor in your decision-making process because we all know, you get what you pay for. No matter what your purchasing, the price is always a factor, but it should never be the only factor, especially when you’re purchasing an insurance policy. Price is important but it’s not nearly as important as the coverage that you are purchasing to protect yourself and your business. The problem with only considering cost is this, your insurance doesn’t matter until you really need it, and then you get what you pay for. Everyone wants a lower premium until it’s time to file a claim.

The Insurance Claims Environment When Massive Catastrophes Occur

insurance claims, disaster recovery insurance, insurance adjustersConsidering the major catastrophes that have occurred during the latter half of 2017 in our country, it’s the appropriate time to talk about the insurance claims process and how catastrophes of this nature affect people who have basically lost everything. The hurricanes that affected the Texas Gulf Coast, Houston, the State of Florida, Puerto Rico and the US Virgin Islands and the devastating California wildfires have created total mayhem when it comes to insurance claims being filed by people just trying to get back on their fee.

A Few Important Facts About Force Placed Insurance

force placed insurance, property insurance, property managementThe necessity of having complete property or home insurance coverage is no secret. However, what happens when a resident stops paying their homeowners insurance, or if the lender doesn’t believe the coverage is sufficient? This is where force placed insurance comes into the picture. This type of insurance guarantees the property is fully protected, no matter if someone is living in it or if it’s currently vacant. As it deals with the industry and business of managing multiple properties, here are a few important factors to know.  

Property Insurance: A Few Tips to Getting the Right Amount

property insuranceGetting the right amount of property insurance can be tricky. If you want to cover 100% of a property’s replacement cost, including the contents inside it, you’re going to pay more for insurance. However, if you cover less than 100% of the replacement cost with your insurance, you’re taking a risk in the event you’ll actually have to use the insurance. Here are a few tips and tricks to ensure you get the right amount of coverage without breaking the bank.

Property Management Blanket Insurance: A Quick Guide

APIA property managementWhen it comes to property management, having the proper amount of insurance is one of the biggest factors to consider. If you have multiple properties, having a blanket insurance policy can save you a lot of time, headaches, and in some cases, money. Blanket insurance is a type of property insurance that will cover multiple properties under the same policy. Here are some of the other benefits and considerations regarding a blanket policy.