As part of the conditions of a mortgage loan, most lenders require borrowers to insured property. But more: the satisfaction of the requirements of your lender does not necessarily mean that you are adequately insured. To make sure that your real estate investment business is properly insured, to understand what the risks are, how much responsibility you will be able to accept and what kinds of measures are available.

The basic types of business insuranceFeedback:

- The general liability and property coverage. The liability insurance protects if someone is injured while on your property. The insurer will pay not only the damage but also fund and manage the legal defense for free. Insurance covers your physical assets-buildings, equipment, facilities owned by you, fixtures, etc. is in most cases, insurance is not for the tenants in possession the contents of a unit of the lease, the lease must clearly that tenants areresponsible for insuring their property.

- Umbrella policy. Umbrella liability policy of insurance, following the limits have been reached on the policy below. For example, if someone was injured on your property, and demanded $ 300,000 consisted of medical treatment, but limit the liability which is the basic political, 250,000 $, your umbrella policy will pay the additional $ 50,000 (assuming, of course, limit of your umbrella policy of at least that amount).

- Automotive.If your business owns vehicles or if you use your car for business purposes, you must report back. This insurance typically covers bodily injury liability for damage caused by you or anyone else authorized by other drivers, medical coverage for treatment of injuries to the driver and passengers in the vehicle, liability for property damage, damage (collision your car after an accident) complete (damage to your car or not) from a fall, and uninsuredMotorist coverage. Be sure that your car insurance policy complies with the laws of your state, and provide adequate financial cover to protect you, so you can take the upper limits of the law like that.

- Life. Different types of life insurance can be designed to protect your business investment and your family in case of death. Life insurance is often part of the purchase agreement in partnership, where insurance is used to purchaseInterest of the deceased.

- Workers compensation. If you have three or more employees, you are probably required by law to provide health insurance benefits for employees. Laws concerning the system depending on conditions, is outside of your insurance agent and insurance in the State Department exactly what you need and how it is acquired.

- Interrupt the activity. This coverage is designed to replace the lost income, pay ongoing expenses and to cover the costsEntities in a temporary measure, if necessary, unless a company can also act as a hedged risk (such as fire, storm damage, vandalism, etc..) If you have rental units that are not occupied by an object are insurance business interruption risks can replace lost income in rent.

- Destroyed or damaged documents. If your business records are destroyed or damaged by a covered risk that the insurance will compensate for the inabilitycollect income and the cost of reproducing the record.

We Besides the traditional types of insurance, a number of specific policies, with coverage may or may not need, such as floods, earthquakes, terrorism, and insurance. If you work from home, you need the equipment business is covered and who are interested in Business protection responsibilities. To provide the majority of homeowners policies, only a nominal coverage for equipment and commercial activities,contact your agent to determine whether to add a separate business policy or if it can be a confirmation of the policy needs of home owners.

Manage your policy As you will, is probably the insurance is not something that takes care of once and then forgotten. Also, that should concern every time you want to buy or sell a piece of real estate, is an annual review of your needs, your relationships andwhat new products available that might work for you. A record of all your assets in case of need to document a claim. If you make changes to existing policies to pursue in order to ensure the necessary documentation has been properly completed. Can be your agent has the task of doing the paperwork, but it is your responsibility to make sure you have the right coverage so far.

Remember that insurance companies often structure their policies so different, so if you change theYour insurance company, study the new policy of attention to ensure you are getting the coverage you think you have. Do not buy a policy of price. Be sure that the reporting, what you really need, and the company is financially sound, with a reputation for good customer service.

Remember that insurance is essentially a game of chance, you are betting that you'll need it and the insurers are betting you do not. Make sure that you can still go out a winner, whether you win or loseBet.

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