Whether you are running a real estate investment trust (REIT) or just have a sideline business opportunistically buying, selling or renting properties you will need insurance to protect your investment.
There are special insurance policies designed to protect property investments. Built into these insurance programs is the recognition that property portfolios aren't static and a savvy investor will acquire and sell properties opportunistically. One policy can cover structure damage, often called hazard and fire insurance, as well as liability protection for multiple properties and give you the flexibility to add and remove insured units from your policy.
Depending on the nature of your real estate investment business you may need some insurance in addition to the coverage for your property units. Some examples include insurance for vehicles, directors and officers, cyber liability and employment practices liability insurance.
Managing insurance for a portfolio of properties is far easier and more cost effective when you have a program that been designed specifically for your varied and individual real estate management pursuits. Your business is also better protected when you work with an insurance agent who understands the risks presented by your individual investments and can further tailor insurance coverage. Talk to us, we can protect your investments and ease your mind.
