Do You Have Assault And Battery Insurance Coverage?
If You Do Not Have Assault And Battery Insurance Coverage, Then You May Be Liable
When a multifamily insurance claim occurs, it can be extremely detrimental to your real estate investment, why is why you NEED Assault And Battery Insurance Coverage. Not only can it cause insurance rates to go up, but it can also result in lawsuits; both of which can cost you time and money. Among those with the most impact are those associated with assault and battery.
What Does Assault And Battery Insurance Coverage Include
An assault and battery can include a shooting, a stabbing, a robbery, and any other violent act; whether between tenants or a visitor to the multifamily property. As mentioned, this can result in higher insurance rates, legal liabilities, or an outright lawsuit. While these are often based on the circumstances surrounding the assault and battery; they can still lead to a very serious multifamily insurance claim. In turn, your multifamily real estate investment is at serious risk.
Getting The Most Out Of Your Assault And Battery Insurance Coverage
Unfortunately, shootings, stabbings, and other violent acts sometimes do occur on a multifamily property even with prevention measures in place. However, the key is to not only ensure you have the best insurance possible, should a multifamily insurance claim need to be placed, but also to minimize risks through specific efforts. This can include installing security cameras, having security gates, and so forth.
The goal is to protect your real estate investment as best as possible.