Reading Time: 3 minutes

One of the most overlooked optional coverages available to investment property owners today is personal injury coverage. This coverage is typically not automatically included in homeowners or dwelling package policies issued today and instead must be added via endorsement. Take the 2002 ISO Personal Liability form (DL 24 01) as an example; while this form…

Reading Time: 2 minutes

In the insurance market, like in many aspects of life, the only constant is change. The real estate market conditions, accessibility of the internet, and, ultimately, the wants and needs of insureds all impact the insurance marketplace. Sometimes carriers must be proactive and react to these changes. As a carrier and a Berkshire Hathaway subsidiary,…

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Most insurance professionals, both new to the industry and experienced, put in a lot of time and effort in finding new customers. Insurance professionals will typically look for ways to get their name out in the community through referrals or through social media and will spend valuable resources such as time and money to acquire…

Reading Time: 4 minutes

Home-sharing companies like Airbnb, HomeAway, Vacation Rental by Owner and Homestay are growing in popularity. Whether someone needs a place to stay for a weekend concert or a week-long getaway, these short-term rentals give travelers a unique experience. Among all of the rental websites available today, Airbnb is one that has been significantly increasing in…

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Picture this: You are driving to the office and notice the driver in the car next to you is looking down at their phone as they approach the back of the vehicle in front of them. They are able to look up just in time to brake, and an accident is averted. Unfortunately, this same…

Reading Time: 5 minutes

With the change of seasons comes the challenge of new weather events. During the summer months, severe storms have the potential to cause extensive wind, hail and rain damage. So far this year, spring storms have produced wind speeds greater than 65 miles per hour (mph) in Michigan; nearly 60 mph in Toledo, Ohio; and…

Reading Time: 4 minutes

In recent years, American households have increasingly become a blend between homes and offices. It’s believed that more people are working out of their homes now than ever before. For some, it’s a way to supplement their income. For others, it brings in enough funds to make a successful living. Direct sales consultants, also known…

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“In a lawsuit, where damages can run to millions of dollars, [homeowners and auto liability] limits are simply insufficient,” says Ray Martin of MoneyWatch. He goes on to explain that insureds can lose their life savings in a large claim. A financial loss could significantly damage their reputation, finances and career. The same article encourages…

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According to CNN Money, millions of people across the U.S. will be evicted from their homes this year. The cost of rent has risen over 7 percent in the past few years, while incomes have only increased about 2 percent. As a result, many people struggle to afford their housing payments. With the steady rise…

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The number of businesses being run out of the household has skyrocketed over the past decade. In fact, recent statistics from Women for Hire indicate that a new home-based business starts every 11 seconds. Home-based businesses typically begin as hobbies that eventually transition into income opportunities. Some of these home-based businesses include photographers, costume jewelry…

Reading Time: 4 minutes

With over 28 million residential real estate investors in the marketplace, identifying property and liability loss exposures in a residential property can be the difference between a successful and devastating financial year. Landlords and renters are each susceptible to different types of loss exposures, and the first step to protect themselves should be obtaining the…