TREES CAN NOT ONLY WORK TO ADD VALUE TO A PROPERTY, BUT ALSO ACT AS AN INSURANCE LIABILITY
THE INSURANCE LIABILITY THAT SURROUNDS TREES ARE OFTEN BECAUSE OF THE POTENTIAL DANGER THEY CAN POSE
Trees, and other external aspects on your property, can act as a great way to bolster your investment – however, they can also become a serious insurance liability as well.
How Trees Can Become An Insurance Liability
If you have trees on your property, are they touching your house at all? If you’re a commercial real estate investor, then you should know the answer to this question. In addition, you should also be aware of what other external factors may act as a liability on your real estate investment property.
All of these elements can potentially cause an insurance company to forgo offering insurance, your rates may go higher, or an insurance agent may require these issues to be fixed before acceptance.
How To Prevent Trees From Becoming An Insurance Liability
The best way to prevent trees from becoming an insurance liability is to simply be mindful of their placement in relation to your home. If the trees are touching your property, it can potentially be disastrous because they might fall and cause damage to your home. Thus, you may need to cut down said trees or simply trimming them may suffice.
If you have questions regarding any potential liability, remember you can reach out to us!