Legacy Assurance Plan’s Post

An estate plan can be complex or simple, depending on your estate and your wishes, but every estate plan should accomplish these basic goals. https://lnkd.in/gQ6849QM #Money #Wealth #Plan #Goals #Success #EstatePlanning #LegacyPlanning

Have you ever predicted the future ? 👀 Neither have we. That’s why being insured and financially protecte is vital to bringing your projects to life. 💲 Plan ahead and contact me today! https://lnkd.in/gBH4zfcv #investedinyou

Have you ever predicted the future? 👀 Neither have we. That's why being insured and financially protected is vital to bringing your projects to life. 💲 Plan ahead and contact me today! #investedinyou https://lnkd.in/eAzFJKfM

Lack of estate planning, #longtermcare coordination and inheritance questions can cause frustration, regardless of the family economic status. Make decisions now that can help support your loved ones emotionally and financially. #leavealegacy https://lnkd.in/emjf5qa7

Have you ever predicted the future ? 👀 Neither have we. That’s why being insured and financially protecte is vital to bringing your projects to life. 💲 Plan ahead and contact me today! https://lnkd.in/eCK4NZT4 #investedinyou

Have you ever predicted the future ? 👀 Neither have we. That’s why being insured and financially protecte is vital to bringing your projects to life. 💲 Plan ahead and contact me today! https://lnkd.in/gTmWX4u8 #investedinyou

💼 Investing in a Multi-Tenant Property? Don’t Forget About Insurance! 🏢 When purchasing a multi-tenant residential property, the right insurance can make or break your investment. Here's what you need to consider: 🔑 Location Matters – High-risk areas (flood, crime) = higher premiums. 🔧 Property Condition – Older buildings may need upgrades before getting coverage. 💵 Cash Flow Protection – Business interruption insurance covers lost rental income. 📜 Legal Compliance – Stay up-to-date on zoning and landlord-tenant laws to avoid claim denials. 👨🔧 Property Management – Ensure you have liability coverage, especially if using a third-party manager. The more you know, the better you can protect your investment! 🏠✨ #RealEstateInvesting #PropertyInsurance #MultiTenant #LandlordTips #RealEstateInvestor #InsuranceEssentials #riskmanagement Photo by Luke van Zyl on Unsplash

With a cyclone on our doorstep, we thought it may be time to consider what happens when your property is underinsured. Being underinsured in a ‘total loss’ property claim can have dire financial consequences. Whether deliberate or not, about 25% of property owners don’t insure their buildings for the correct replacement value. It can however be complex arriving at the correct figure. This article explains how you can settle on accurate building and contents sums insured – without relying on guesswork. Connect to our blog now.

What happens if you’re underinsured? Being underinsured can have serious consequences. If a fire, flood, or other emergency affects your property and you need to make a claim, the gap between your coverage and the actual loss can cost you a lot of money. What is underinsurance? You are underinsured when your insurance policy doesn't cover the full cost of a loss. This can happen if you underestimate the cost to rebuild your property or to replace your items. If you do not update your policy regularly due to rising costs, you may become underinsured. A flood in a Hampshire village damaged a family-owned pub. The property was insured for £200,000, but the true cost to rebuild was £400,000. The repair costs were £40,000, but the insurer only paid £20,000 because of the 50% underinsurance. The landlord had to pay the remaining £20,000, leading to financial problems and a long dispute with the insurance company over the claim limit. This guide from RebuildCostASSESSMENT.com gives practical tips on how to protect your building and finances.

Here's How Some Apartment Pros May Deal With Higher Interest Rates, Insurance Costs Contact me to discuss the latest scoop in real estate! #newyorkrealestate #newyorkrealestateagent #newyorkrealestatebroker #longislandrealestate #nyrealestate #realestatenyc #realestateny #newyorkrealtor #nycbuildings #housingmarket