Comprehensive General Liability Insurance For Contractors, What You Need To Know

Are You Look For Comprehensive General Liability Insurance For Contractors?

Here's What You Need To Know About Comprehensive General Liability Insurance For Contractors

Are you a real estate investor that is looking for Comprehensive General Liability Insurance For Contractors?  Or, perhaps you are a contractor yourself, whether an artisan or general contractor.  In either of these cases, here's what you need to know:

What Is Comprehensive General Liability Insurance For Contractors

In essence, general liability covers potential lawsuits that could arise from injury, whether for the contractor who suffers some type of injury or potentially an issue stemming from the use of the tools themselves.  Comprehensive then, would refer to the needs beyond that, such as workers compensation if a worker gets injured while on the job.

Essentially, it allows you to determine all aspects of coverage, from injuries to construction defaults, and beyond.

Why Do You Need Comprehensive General Liability Insurance For Contractors

In short, general insurance alone is never enough to cover everything that could potentially go wrong.  For example, suppose a construction default happens on the property, which essentially refers to work not being completed or not being completed on time.  Who might be liable in these instances.

No matter what, you prefer it to not be you or your crew.  Or, if you a real estate investor, the last thing  you want to worry about is a lawsuit because of someone else not fulfilling their due diligence.

Got insurance questions?  Maybe on insurance pricing? We can answer them!  Get the right insurance for your needs! 

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! 

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! 

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.

Public Liability Insurance for Rental Property, Do You Need It?

Do You Need Public Liability Insurance for Rental Property?

If You Have A Rental Property, Then You NEED Public Liability Insurance for Rental Property

Do you need Public Liability Insurance for Rental Property?  Let us put it this way, if you are a real estate investor, and your tenant falls down the stairs, are you covered?

What Is Public Liability Insurance for Rental Property?

In the most basic sense, public liability insurance will protect you against tenants who claim personal injury or property damage from incidents connected with your property.

For example, suppose that a tenant is coming down the stairs and takes a fall.  If it can be proven that you did not property maintain the stairs, and you do not have insurance, you can pay significantly out of pocket.

In a similar vein, if your tenant's car is damaged because the gate malfunctions, and you do not have the right insurance, this means you will also pay significantly.  This is not counting all of the losses that could potentially be generated during a lawsuit.

Why Do You NEED Public Liability Insurance for Rental Property

As showcased from the above scenarios, if you are not properly insured, and an incident happens on your property, then you could be held liable.  This means you could pay out a great deal in the long run. Even beyond your primary insurance rates. 

There have even been cases in which a real estate investor has been left in financial ruin simply because they do not take the time to get the right insurance for their needs.

Make sure that you are properly covered.  Getting a quote on your property is only a click away.