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Do You Need A Commercial Property Liability Insurance Quote?

Are You Need Of A Commercial Property Liability Insurance Quote?

Before You Get A Commercial Property Liability Insurance Quote, Here's What You Should Know!

Are you a real estate investor looking to get a commercial property insurance quote?  Before you begin to send inquiries into websites like this one, there is a great deal of information you will need to know beforehand.

What You Need Before Getting A Commercial Property Liability Insurance Quote

First and foremost, are you aware of the Harris County insurance rates available?  If you do not know the most common rates, then it's very possible you might overpay.  Unfortunately, there are insurance companies that can increase their profit margin at your expense.  Thus, one of the first things you should know is what kind of rates should be expected.

Additionally, you should also be aware of what aspects of the property might pose a liability.  If this is a real estate investment that you intended to flip, then you might want to know what kind of construction issues the property might have.  However, if this a commercial property meant to act as a business, even aspects like the potential for flooding can also affect insurance rates. 

How Do You Get A Commercial Property Liability Insurance Quote

After you have learned what type of insurance rates you should expect, the potential liabilities you might face, and have determined more about your insurance needs (such as if you could potentially hire contractors) then getting an insurance quote is easy.

Our operators are standing by and ready to help you get the best insurance rates for your needs! 

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What Insurance Does An Electrical Contractor Need

What Insurance Does An Electrical Contractor Need?

You NEED The Right Kind of Insurance, Or You May Be Held Liable

If you are an artisan, a contractor that specializes, you may have asked yourself, "What insurance does an Electrical Contractor Need?"  You could ask this if you were looking into insurance as a plumber, HVAC, or other type of artisan.

Or, if you are a real estate investor that is looking for additional coverage for the contractors you hire, you may have also considered the question:

What Insurance Does An Electrical Contractor Need?

First and foremost, General liability is needed to protect you, even if you are the real estate investor who is contracting out employees.  It is important to remember that, if you are a real estate investor that is subcontracting work, then this automatically makes you a General Contractor.  Thus, you need the right coverage.

In addition, for specific artisans, specialized insurance, such as Electrical Contractor General Liability Insurance would offer additional coverage that General Liability would not cover completely.

Why General Liability Isn't Enough!

General liability, true to its name, is very general and thus, only gives you the basic in insurance.  This means that you are left exposed if you do not have the right coverage, or if the coverage you have has insurance gaps.

Don't be left exposed!  Let us help you find the right insurance for your needs!

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Commercial Property Cost Per Square Foot And How It Relates To Insurance

Do You Know Your Commercial Property Cost Per Square Foot?

Knowing Your Commercial Property Cost Per Square Foot Can Help Determine What Insurance Rates You Get!

Do you know your commercial property cost per square foot?  The reason why this is important is because it allows one to have a better understanding of the potential insurance rates that can be expected, and as a real estate investor, you want to make the most strategic moves for your investment.

What Is Your Commercial Property Cost Per Square Foot?

To find this number, you would divide the total number of the overall square footage by the price being asked.  Or, the overall price of the home.  Thus, for example, a commercial property that sells for $100,000 would be divided by 2,000 square foot which would then be $50 per square foot.

This gives you the specific price on your property investment, and as a real estate investor you want to know exactly what your commercial property is worth.  This could then help you understand how feasible it is to flip, or to simply use it commercially.

Why Do You Need To Know Your Commercial Property Cost Per Square Foot

As mentioned, the cost of your property is one, of many items, that will help you determine what kind of insurance rates you get.  For example, if you live in Harris county then you should expect specific interest rates as opposed to if you lived in another county.

Knowing what interest rates you should receive can greatly work to allow you to determine key investment strategies for the long run.

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The 3 Biggest Insurance Risks of Flipping Houses

Do You Know The Insurance Risks of Flipping Houses?

There Are Several Insurance Risks of Flipping Houses You Should Be Aware Of

If you are a real estate investor, then you need to know the  Insurance Risks of Flipping Houses.

What Are Insurance Risks of Flipping Houses?

There are three risks in particular that you should be aware of:

Property Liability

Have you looked up the claims history of the property?  It is important that you do because there are a plethora of potential liabilities that you could have on your hands.  For example, the property could have suffered through a previous flood and may potentially have molding issues later on down the line.  Or, the property could have sustained fire damage, which then is cause for future inhalation issues.

Any house you flip could have issues you may not be aware of, from the plumbing to the exterior elements, like trees. 

Potential Lawsuits

Suppose that you are flipping a house that becomes a multifamily home, such as a duplex.  If there were no security cameras, and your tenant gets injured, then you may be at risk.  Lawsuits can spring up from a number of different liabilities, and it is important that you understand what you are getting into.

Not Enough Coverage

Do you know the insurance rates in Harris county?  In addition, do you know all liability insurance types that might exist?  If you do not have enough coverage, you may be liable!

Why Do You Need To Know The  Insurance Risks of Flipping Houses

So that you are better protected!   If you do not have enough coverage, it is very possible that you will be paying out of pocket.

To avoid the headache, you need the right insurance! 

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Vacation Rental Insurance Property Owners, Do You Have Any Liabilities?

Vacation Rental Insurance Property Owners, Are You Facing A Liability On Your Property?

Get The Best Rates For Vacation Rental Insurance Property Owners

Vacation Rental Insurance Property Owners, is your real estate investment properly insured?  No matter if the vacation rental is a multifamily property or a singular property, here's what you need to know:

Why Vacation Rental Insurance Property Owners Need To Know About Liabilities

This is the best season for vacation rentals, whether an individual is starting a lease on a new property, or they are looking for a short term lease on a vacation rental.  In addition, this is also the season in which tenants will often have guests over as well.

In both of these scenarios, you need to be aware of the potential liabilities that could spring up.  For example, if a guest is invited by the tenant, and suffers an injury, who then becomes liable?

What Liabilities Vacation Rental Insurance Property Owners Be Aware Of

During this time of year, one of the most attractive features is swimming pools.  Without a doubt, this feature can not only increase the price individuals are willing to pay for rent, but it can also pose as a major liability.

Thus, if your vacation rental has a swimming pool, or your regular property does, then you MUST ensure that you minimize liabilities as much as possible.  Beyond that, you can also mitigate risks by acquiring different types of liability insurance, such as liquor liability.

Remember, getting a viable insurance rate is only a click away.