This past week I helped a new client with condo insurance for his new home. The condo is in a high rise condominium tower located in the Turtle Creek area of Dallas. It’s beautiful and the view is amazing. He’s very excited and has been wonderful to work with. There was one little issue we had to work through involving the amount of insurance for his new home and what the mortgage underwriters would approve. It was an interesting conundrum.
There are two broad areas of coverage in a Business Owner’s Policy or BOP; liability and property coverage. Last week I introduced liability coverage and the types of protection found in many BOP packages. This week we’ll outline the property portion of a BOP and what it’s designed to protect.
Living with bad credit in America today is tough. Bad credit makes many things difficult, impossible, and even more expensive. For example, did you know insurance companies often charge a higher premium rate for policy holders that have bad credit scores? If you’re getting new utilities turned on in your name, the company will check your credit to decide whether you should pay a security deposit.
I talked with three people who are buying homes in the Dallas / Fort Worth area in the coming weeks. There are a number of questions I ask anyone buying a new home or rental property. In addition to discussing the finish out of the home it’s important to know about the updates the home has had and when they occurred. This is especially true if the home is over 10 years old. The updates insurance companies want to know about and that I discuss are in four key areas: plumbing, electrical, heating and cooling, as well as the roof.
Starting a business is as much a part of the American Dream as home ownership, maybe more. It’s estimated that 145,000 small businesses start each
What do you look for when you go car shopping; the model, styling, or color? Maybe it’s the options such as blue tooth, navigation system, heated seats, and moon roof. Or will you decide based on how you’re going to use it; shuttle kids, haul tools to a job site, go camping, or just to and from work? I’d like to suggest you add safety equipment to your evaluation criteria too!
Subscribe to my newsletter by filling the form below.
A confirmation email will be sent to your mailbox: please read the instructions to complete the subscription.
