So the big day has come! You’re preparing to move into an apartment. It’s a big deal, and you’re looking forward to having your own space. As tempting as it is to get swept away in the excitement of everything, you may want to slow down a little bit to get organized. There’s a lot to consider when it comes to apartment hunting. Here’s a place to start.
When talking about lessors risk insurance, most people don’t know what a lessor is to start with. This is because when talking about lessors, people generally refer to them as landlords. While landlords may be lessors, all lessors are not the technical definition of a landlord. (Think of a square/rectangle situation.) Recently, there’s been a rise in the amount of people interested in becoming lessors, whether it’s for student housing, apartment complexes, shopping centers, or any other type of multi-unit building.
While some entities know what they’re getting into with their investment, many others only have a vague idea of the risks they face. What’s more alarming is that many of these lessors never consider or buy insurance for their building. Although it’s not legally required to have lessors risk insurance (also called LRO insurance), not having coverage can leave you to deal with some serious losses if anything does happen to your building. If you want to become a lessor, here are 4 reasons to consider insurance coverage for your multi-unit rentals.
If you’ve invested in or operate an apartment complex and you’ve been turned down for insurance, your apartment buildings may be considered “high-risk.” High-risk apartment complexes can be a little trickier to insure than “normal” ones. Many people don’t even know that their apartment investment is high-risk until they search for coverage. Plus, getting an answer from insurance companies as to why your apartment complex is high-risk can be like pulling teeth. Here’s some insight on why major insurance carriers may consider your apartment complex “high-risk.”
If you own an apartment complex, you might be worried that the insurance side of things could get complicated. You face a lot of risks as a landlord, both liability-wise and property-wise (apartment buildings aren’t cheap, after all!) It’s crucial to get the apartment complex insurance you need to protect yourself from the risks you face. There are many apartment complex insurance coverages you can consider, and we’re going to go over four of the main types of insurance you can consider for your apartment building.
If you are looking for a security system for your apartment or rented home, then listen closely. You already now the importance of having a monitored burglar alarm. Thieves will literally pass by your place to find an easier apartment to break into.
Plus, with a security system, you’re eligible for a discount on your renters insurance policy!
How do you choose a security system for your rented apartment or home?
The answer isn’t as simple as you would think. Renters actually find it difficult to find a security company that is willing to work with them. Perhaps you have found that already when you heard someone say, “We don’t do apartment renters.”
If you are a Georgia apartment renter or home owner looking for an Atlanta cleaning service or maid, then this article is definitely for you!
You work hard. You play hard. You deserve help keeping your apartment neat & clean.
Here at InsuranceHub, we find that our clients that are apartment renters fall into two categories when it comes to cleaning their home:
- They want to find the right house cleaner or maid service to come in weekly or monthly.
- They want TIPS on how to keep their apartment cleaner.
Now not everyone loves to clean. (In fact many of us “DREAD” it!) However, all of us ENJOY having a clean home, don’t we?
We have discussed the importance of protecting your home with a security system & the cost benefits of a monitored alarm system. But what if you live in an apartment complex?
Do you feel that it is important to get a burglar alarm system for the apartment that you rent? Would you be surprised to know that apartments are 85% more likely to be broken into than a house? If you are an apartment renter then we hope you have your attention! Many apartment renters mistakenly assume that just because they don’t live in a house that they don’t need a home security system. Burglars just love false assumptions like this. If you rent a home, you might be thinking, “won’t the landlords insurance cover me in case a thief breaks in and steals my belongings?” Unfortunately, the answer is no.