Your Houston Multifamily Insurance Should Cover Swimming Pools, Here’s Why

Swimming Pools Can Greatly Impact Your Houston Multifamily Insurance

You Cannot Assume Your Houston Multifamily Insurance Will Cover All Aspects Of Your Swimming Pool

One aspect of Houston Multifamily Insurance you need to be aware of is swimming pools.   In the hot weather, swimming pools are in high demand, however they can also pose a major liability if you do not utilize the best practices.

Swimming Pools And Houston Multifamily Insurance Liability

The primary aspect of swimming pools and insurance that you need to know is that many of the risks can be mitigated in order to get the best ROI on your multifamily real estate investment.  For example, if Your Property Has a Pool, You Must Ensure That:

  • The pool has a fence of at least 4 feet tall
  • Safety Equipment Is Up-to-Date
  • Flotation Devices Are Available 
  • Pool Rules Must Be Posted (Ex. time)

    These work very well to not only ensure that the pool is properly maintained, but it also works to minimize potential problems before they happen.  For example, if you have rules posted with specific hours, then it is less likely that a  tenant can open up a lawsuit if they use the pool after dark and then suffer some sort of injury.  As a multifamily real estate investor, you want all aspects of your property to be well maintained, especially the pool area.

What Your Houston Multifamily Insurance Should Include

If you do have a pool and you want to make the best use of your Houston Multifamily Insurance policy then you may want to consider liquor liability if your tenants can have alcohol around the pool.  This would also help to minimize potential risks if a tenant suffers an accident while drinking.

The overall key is to make the best use of your Houston Multifamily Insurance policy by alleviating any potential risks associated with swimming pools.


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.

Why You NEED Assault And Battery Insurance Coverage



If you do not have assault and battery insurance coverage, then you are doing yourself a disservice as a real estate investor.  That is because one of the biggest potential risks for multifamily investors is assault and battery. Too often, investors do not have this type of coverage because they simply believe it will not happen at their multifamily property; or if it does, the results will be mitigated because of x, y, and z.   In many other cases, real estate investors may not even know that it exists and what kind of protections it might offer.

What Is Assault And Battery Insurance Coverage

Quite simply, assault and battery coverage works to essentially cover you from violence on property.  Specifically,  Assault and Battery Coverage will cover personal injury incidences that happen from:

  • A Fight
  • A Shooting
  • A Stabbing
  • Home invasion
  • And more!

If you have it, you're going to be guaranteeing additional protections for yourself.

Why Do You NEED Assault And Battery Insurance Coverage

If a fight breaks out or a tenant is injured on the property by a non-resident or another tenant, and you do not have assault and battery, then  you may be held liable!  In addition, you should also be aware that assault and batteries most often occur at blue collar areas, as opposed to other areas.

Get covered today!  Protect your assets! 

Property Liability: Age Of The Home And Age Of The Roof



Did you know that your real estate investment might have a property liability before you even sign any paperwork?  The home's age, as well as the age of the roof can both become major property liabilities.

How Age Of The Home Can Become a Property Liability?

How old is your real estate property investment?   The reason why you need to know is because insurance rates WILL be affected by the age of the property, especially if it's an older property.  For example, if a property was built in the 2000’s and later, then you will see that you will have lower rates.  However, if your property is from the 50's, 60's, and even up until the 80's, you may find that you have high insurance rates.

The general rule is - the older the property, the higher your insurance rates will be!

How Age Of The Roof Can Also Become a Property Liability?

In addition,the age of the roof can also determine what kind of insurance rates you will see.  Again, the older the roof, the higher insurance rates you will get.  In fact, some roofs that are too old may not even be insured at all. A 40 year old roof, for example, may be too old to be insured.  Roofing materials also matter, as there is a preference for some type over others.

As a real estate investor, it is imperative that you look into all aspect of a property when seeking after property insurance.