Three Things Investors Should Know About Insurance Needs with Chris Lowry
Chris Lowry of Burns Insurance Group joins Michelle Moore and chats about insurance as it pertains to investors. First, Chris notes that flood insurance is changing. Because of the changing climate, proximity to water, any water, can be a threat. Flood insurance may be required and that impacts your bottom line. Second, if you have a significant volume of properties, consider swapping out your individual policies for a blanket policy that will give you a better rate. Third, do NOT assume that vandalism is covered in your insurance policy. You have to ask for it. Finally, Chris reminds us that a builder or contractor working on your property should be required to have a certificate of insurance.