Investing in real estate is one way to build for your future. Don’t put it at risk with improper (or no) insurance coverage.
While there are specific business owner policies you should have in place, once Commercial Real Estate or Rental Properties come into the picture you need be protected against the risks that come along with that.
Here are some things to consider:
- Regularly review your property coverage to ensure you are neither under nor over insured
- Make sure your property coverage is covered at Replacement Cost not Actual Cash Value
Here are policies that are important to consider if you haven’t already:
- Business Interruption Insurance will help if business operations halt or face a significant slow down due to damage to the premises by a covered cause of loss
- Extra Expense Coverage pays for costs in excess of normal operating expenses that you may incur while your business property is being repaired or replaced due to a covered cause of loss
Whether you currently own commercial real estate or are considering investing, Newtek Insurance Agency is offering Navy FCU members a complimentary review of their insurance coverage and needs. Their licensed agents will assess any gaps in your current coverage that may leave you vulnerable, plus identify any areas where you are over insured and could save money.
Newtek Insurance Agency works with A++ insurance carriers to ensure their clients get the right coverage at the right price.
Regards,
Adam
Contact:
Adam Altman
Sr. Vice President
(212) 273-8239
AAltman@NewtekOne.com
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