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Install Security Cameras For Better Assault And Battery Insurance Coverage

You Need Better Security For Assault And Battery Insurance Coverage

Your Assault And Battery Insurance Coverage Can Be Affected By Your Own Efforts

Do you have the right Assault And Battery Insurance Coverage for your multifamily property?  Anything can happen at a multifamily building; no matter what location it resides in and the type of tenants you might have there.  Crime essentially occurs everywhere, and no property is completely immune to problems that may occur.

What Is Assault And Battery Insurance Coverage

This type of coverage essentially protects you from any act of violence that occurs on your real estate property.  Fighting, shootings, and stabbings can all create major liabilities, and potential lawsuits.  This not only costs you time, but also money.  As a real estate investor, this type of coverage allows you to better protect your multifamily investment.

How Security Cameras Help Assault And Battery Insurance Coverage

The type of crimes that occur and their severity can greatly differ.  For example, a fist fight can break out between tenants, which may render hospital visits for both parties, or a break-in occurs that results in the death of the tenant.  There can even be more heinous and unfortunate instances that can not only have long lasting implications for the reputation of the property, but you may also be held liable.

That is why security is a must-have investment for any multifamily property owner. Security measures can include security cameras, gates, patrol, and so forth.  Not only does this create an actual record of what has occurred, which can minimize liabilities later, but they can sometimes be a deterrent to crime altogether.

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Property Type Crime Rates Affect Your Insurance Rates

What Type Of Property Is Your Real Estate Investment?

Knowing The Answer Will Determine What Kind of Crime Rates You Will See, Impacting Your Insurance Rates!

Did you know that property type crime rates will determine what insurance rates you get?  Real estate investments come in all shapes and sizes, as well as different types.

What Are Property Type Crime Rates?

Your type of property will determine the crime rates you will see.  For instance, if you are housing students, what type of issues could they potentially run into?  There is no doubt that this would be different than section 8 housing or assisted living.  No matter what type of property you have, you must also consider crime rates.

As a real estate investor, you must consider all aspects of your investment, not just the physical aspects of the property.

How Property Type Crime Rates Affect You

The types of crime will not only differ from area to area, and from type to type, but they will also vary in their level of intensity.  For instance, section 8 housing may warrant more violent crimes than assisted living facilities.  It is equally possible that you may pay higher in insurance, depending on how high the crime rate is.

When shopping for insurance, know your property type. That way you will not only know what type of crime might surface, but you will also have an idea of what the comparable insurance rates might be.