Insurance for Real Estate Agents in Baldwin, NY

As a property owner, protecting your investments is a key part of risk management.  Your real estate property represents significant investments and protecting them is critical.

Real Estate Property Insurance

Insuring investment properties provides risk management, financial protection and lender/legal requirements.  Core reasons to secure insurance coverage include:

• General liability protects against lawsuits if a tenant, guest or contractor is injured on the property.  Covers legal defense costs and potential settlements or judgments.
• Lead liability is important, especially in older buildings that might have lead exposure.  Lead exposure creates a unique, high-risk legal and financial threat for property owners and landlords one that standard liability policies usually exclude.
• Commercial property covers losses from fire, storms, vandalism, water damage and other covered perils.
• Rental Income replaces income if the property becomes uninhabitable after a covered loss.  Help maintain mortgage payments and operating expenses.
• Mortgage/Lender Requirement most lenders require insured to value insurance as a condition of financing.  Protects both the owner’s and lender’s financial interest in the property.
• Asset Preservation safeguards a significant capital investment from catastrophic loss.  Supports long-term wealth-building and portfolio stability.
• Coverage for Tenant-Related Risk includes coverage for malicious damage by tenants.
• Regulatory compliance certain jurisdictions require annual boiler inspections.  Having Boiler and Machinery or Equipment Breakdown Coverage would provide the required annual inpsections.

Get the Right Coverage

Ability Service Agency has many years of experience insuring apartment buildings, investment properties, shopping/strip centers and dwellings rented to others. Our agency is ready to work with you to provide an insurance package suitable for your needs.  Contact Ability Service Agency today to learn more.