If You Do Not Have Assault And Battery Insurance, You May Suffer A HUGE Claim

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.

Exotic Pet Liability, What Are The Risks?

WITHOUT EXOTIC PET LIABILITY INSURANCE, YOU MAY BE LEFT EXPOSED

WHAT YOU NEED TO KNOW ABOUT AN EXOTIC PET LIABILITY

Are you aware that exotic pet liability insurance can salvage any risks that you, as an investor, can have?  Exotic pets can no doubt be interesting - from tarantulas to chimpanzees and everything in between.

For Texas, the laws can be extremely complex and differ greatly for the type of exotic pet in question.  For example, an individual would need a license when it comes to bears, cougars, chimps, etc. but no license is needed when it comes to owning a wolf or monkey.

However, as a landlord, exotic pet liability can be an even further complex issue when you consider the risk.

What Is An Exotic Pet Liability Insurance?

In essence, Exotic Pet Liability Insurance simply refers to the coverage that is put into place should something happen with the exotic pet.  For example, if the exotic pet gets loose and then injures another resident, you may be at risk.  We have seen this particular instance occur with a black panther who not only got loose, and scared many residents, but actually mauled a small child.  It is not just the tenant that is then held liable, but also the landlord as well.

Do I Need Exotic Pet Liability Insurance?

Not necessarily.  It is possible that you, as a landlord, can simply ban exotic pets from your properties altogether.  This is especially a viable solution if you own a multifamily property.  However, if you do accept that your tenants will potentially have exotic pets on the premise, then you need to ensure that you look into exotic pet liability insurance to help mitigate risks.