Chris Cole’s Post

Commercial property insurance is more challenging than ever, with premiums still rising—up 10.1% in Q1 2024—despite some relief from last year's spikes. While new carriers and programs are entering the market, areas hit hard by natural disasters are seeing fewer options, forcing property owners to shoulder more risk through higher deductibles and self-insured retentions. How are you managing rising premiums and tighter coverage? Have you had to adjust your risk strategies to navigate these changes? Let’s discuss how to stay ahead in this shifting landscape.

Renovation is my passion and I love helping clients navigate this complicated insurance #renovationunderwriting #worksinsurance #projectinsurance #contractworks

If you own one or more properties that you rent out, you likely need rental property insurance. Here’s what rental property insurance is, what it covers and whether or not you may need it. https://lnkd.in/gxzr7-uJ Call us today for a quote today, 714-992-2390. #AllcoInsurance #Fullerton #InsuranceAgency #IndependentAGency #InsuranceSpecialists #Rental #Property #Insurance

Strata insurance is not enough! 🤔👎 Landlords should consider getting their own insurance to protect their investment property and tenants. 🏠💰 Strata insurance covers common property areas and building structure, but often doesn't cover fixtures inside individual units. #landlordinsuranc #strata If there's damage to fixtures inside your rental property, like hot water systems, aircons or built-in cupboards, strata insurance won't cover repairs or replacement.💸 Getting landlords insurance gives you peace of mind knowing your rental property is protected. It covers costs like: - Damage by tenants - Loss of rent if tenants can't move in - Liability if a tenant is injured on your property Talk to an insurance broker today about a tailored policy for landlords.🙌 With the right cover in place, you can protect your investment and maximise your rental income. 💡 Don't leave yourself out of pocket - make sure you have the insurance you need as a landlord in Australia. #australiainsurance #landlordprotection

California property insurance market update! We are still in one of toughest insurance markets when it comes to property insurance. As each day passes, more companies are either non-renewing policies or leaving the state. However, I still have companies that ARE writing new policies for property insurance. If you’re having a tough time finding insurance for your home, condo, or rental property, please reach out! #insurance #insuranceagent #insurancebroker #california #tough #market #options #financialtips #insurancetips #insurancesolutions #homeinsurance #condoinsurance #renterinsurance #rentalinvestment #socal #ie #oc #christorresinsurance #reeloftheday

The commercial property insurance market is challenging right now. Increasing premiums and decreasing coverage terms are the norm and not the exception. How can you separate your property from the pack and obtain the best terms? Carriers want to know now more than ever about the history of the property. Most property owners have not tracked this information. My suggestion would be to create a spreadsheet to start tracking this information. When was the property built? What type of roof is on the property? When was the roof replaced? What type of plumbing is on the property? When was it last replaced? When was the electrical system replaced? What type of heating and air is on the property? When was it replaced? What is the capital improvements budget? Is the property sprinklered? The more you can share to the carriers about the property, the better terms you can expect. This type of information was glossed over for many years, but that day has come and gone. Separating your property from the pack is key to receiving the best terms. We love educating clients and prospects on how to achieve the best terms. Do you want to be community rated or individually rated? If you are "best in class" you do not want to be grouped with all the average properties. Let us explain the secret sauce. Bankers Insurance, LLC,Danville Pittsylvania County Chamber of Commerce #commercialinsurance #riskmanagement #propertymanagement #commercialrealestate

💜LISTED PROPERTY INSURANCE QUOTES💜 ✨ Do you have clients/friends that own listed properties? If the answer is yes, contact us for a quote! Reasons to use us - ✨We are part of Howden, the new name for Aston Lark, a trusted broker. ✨ We have a team of specialists that deal with listed properties (we are able to quote non-listed properties too). ✨ We have a binder scheme which includes additional benefits for listed home owners. ✨ We have access to trusted insurers within the insurance market. ✨ We are leading the way to ensure our clients are not under insured and will challenge figures being provided to ensure they are accurate. ✨ We are reliable, friendly and will always put our customers first. ✨ No risk is too big or too small for us to consider quoting. ✨ No risk is too obscure. We love a challenge and if you aren’t sure if something is quotable, give us a call to check. ✨ We have received a ‘Gold Trusted Service Award’ from Feefo, with a rating of 4.9 out of 5 (incredible, we know). There are many other benefits to using us, however, you will need to call us to find out the rest. We are available - Monday to Friday, 9am to 5pm. Abode Insurance www.abode-insurance.com We look forward to supporting you/your clients in the future 💜 Andy Duarte Emma Ralph Jim Sales Cert CII Julie Talbot Elizabeth Wilson Pamela Bremner Vikki Rushbrook Maxine Maloney Steve Hook #household #insurance #listed #quotes #abode #trusted #reliable #howden

👍This is the 7th post in my series: #HeadsUp Commercial Property Insurance is exactly what it sounds like. That’s right; it’s property insurance for your commercial building. Not so fast! There is more to it than that. Depending on your policy, here are a few things to know about Commercial Property Insurance: 🏢 Your policy can cover the building structure, equipment, fixtures, and contents in the building 🏢 Your policy can protect against rebuilding when you are no longer exempt from building codes 🏢 Your policy can cover the cost of removing debris pre-reconstruction Take heed of low quotes as the above items may not be covered in all cases. Keep in mind factors like the type of building, location, type of business and security measures like fire alarms and security systems may reduce the cost of your quote. Understanding your business and coverage needs is critical for finding the right Commercial Property Insurance for your business. #HeadsUp #Insurance #CommercialPropertyInsurance #Owner

Over the last few years property insurance has been top of mind for real estate investors and operators. Our team at Pan American Properties, Inc. has worked closely with Adam Bowermaster, President of Bowermaster Insurance Brokers and we value his insights and expertise. We conducted a brief Q&A with Adam on his background, the current state of property insurance, what multifamily owners can do to ensure they maintain optimal coverage and what he expects to happen over the next 12 months. Scroll through to read his answers below. #panamericanproperties #propertyinsurance #insurance #interview #propertymanagement #realestateinvestors #apartments #multifamily

"ABOVE & BEYOND" expert insurance billing for owners & managers of restoration companies! For a decade, we have been helping restorers get the best outcomes for their insurance claims. Read from another happy client: "Please thank TIM for going above and beyond. He did more for our customer than he is getting paid for/ We are truly blessed to have you all!!" This shows our core values in action - particularly "Going The Extra Mile." You can read more about that value here > https://zurl.co/NwAW - and learn more about our bolt-on billing services for your restobiz at our site. - We handle the adjuster calls, - email negotiations, - work with the insurance companies, and - speed up the billing process. Our clients benefit from higher take-home profits, faster payments, and a WAY easier claims processing experience. #restorationheroes #restoration #restorationbilling #waterdamage #GoingTheExtraMile