Real Estate Insurance

If you have a real estate-related business, then you should be thinking about realty insurance since it can protect you from some of the pitfalls that can occur if you own or rent real estate. These problems can include property damage that translates into a loss of rental income.

Specifically, realty insurance covers your property and assets against bodily injuries, property damage and legal action. Since you no doubt want to focus on doing what you do best, it pays to invest in real estate insurance to remove the worry and the headaches if there is ever a problem.

Whether you deal with office buildings, industrial buildings, retail buildings, residential buildings or even vacant property, realty insurance can protect your business interests by ensuring that you can deal with situations that would otherwise be a large, and expensive, undertaking.

Of course, there are some cases where realty insurance, while advisable, is not required. Some mortgage lenders will, should you own the property free and clear, leave it up to you to decide if you will get realty insurance. In many cases, however, you will have to get realty insurance as a condition to obtaining a mortgage.

• If you own any of the following property types, you should get real estate insurance:
• Student housing
• Retail store
• Buildings were spaces are rented out for business purposes
• Commercial property

You need to deal with a realtor who understands the ins and outs of the real estate investment space. We are insurance brokers who have extensive knowledge of all areas of insurance, and we have experience helping real estate investors to get the real estate insurance that they need.

When you enlist W.B. White Insurance to help you with your realty insurance needs, we will recommend coverage that offers the following:

• General liability coverage
• Extensive protection for your properties and contents such as equipment
• Rental income protection
• Building replacement guarantee
• Mortgage rate guarantee
• Ability to cover properties acquired after initial insurance coverage was obtained

How to Choose The Right Insurer

Choosing the right insurer is key. For instance, you need to understand the difference between commercial properties and private properties because these differences will play a major role in determining things like important insurance coverage. You do not want to mistakenly buy the wrong type of coverage — particularly if, after making a claim, you find out that you lack sufficient coverage.

When signing up for realty insurance, you might also want to consider the following coverage options:

• Equipment failure
• Sewer backup coverage
• Pollution coverage
• Flood coverage
• Earthquake coverage

When you need realty insurance, look no further than W.B. White Insurance. We understand the industry and will find you just the coverage you need to protect your business interests. Contact us today for a free consultation on how we can help you to achieve your coverage objectives.