Foremost Insurance Group has announced that landlords in Ohio that purchase their new Platinum Package will be able to benefit from customized discounts. The Insurer has enhanced its Ohio Dwelling Fire program so that its customers can take advantage of an opportunity to build their own package or choose the Landlord Platinum Package that has been pre-assembled for them. The Platinum Package is, according to Foremost, offering a discount to landlords in that state. The zone executive director for the insurer, Andy Thomas, said that they are excited about the…
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Helpful winter savings tips that landlords can use to protect their investments
Landlords who are renting out properties can follow a number of tips to more effectively save their money by protecting their investments and themselves throughout the winter months. This is especially applicable to those owning buildings or homes in the state where there are high real estate prices. Harsh winters can lead to a number of increased risks through increases in fire hazards and complications with snow removal efforts. Many landlords in the state are forced to lean on their property insurance for financial protection against accidents that can be…
Read MoreWells Fargo launches new insurance program targeting low-income families
Wells Fargo has partnered with the National Affordable Housing Management Association to launch a new line of insurance that seeks to meet the needs of those looking for affordable housing options. The Multifamily Affordable Housing Insurance Program aims to placate the risks associated with certain development projects that can keep families from finding appropriate housing. The program is comprised of a number of insurance providers, Wells Fargo included, to help mitigate these risks. The program will make use of a federal subsidy, which will be applied to low-income families to…
Read MoreSwinton Commercial helps its commercial customers to protect themselves against Halloween mischief
As the end of October approaches, so does Halloween, Mischief Night, and Guy Fawkes, meaning that businesses in the United Kingdom are taking extra efforts to protect themselves against any possible damage to their properties that can occur during this time. In this light, Swinton Commercial is recommending that businesses check their insurance policies and make certain that they are adequately covered against this type of problem. Previous years have seen damage to the doors, windows, and paintjobs on stores on Mischief Night, an annual tradition most common in the…
Read MoreProperty maintenance neglect by landlords revealed in insurance claims
Simply Business, the biggest business and landlord insurance broker in the United Kingdom, has released data that showed that landlords’ tightening budgets are starting to affect their ability to maintain their properties, and that the number of insurance claims made for avoidable issues such as burst pipes, leaks, damage do to frost, and problems relating to wear and tear have risen by 5 percent since 2008. This information was drawn from the claims made by more than 3,500 private landlords and indicated that the largest cause of claims is water…
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