Remove Business Interruption Remove Insurance Broker Remove Out-Of-Pocket Expense
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Top 5 Mistakes Property Investors Make with Insurance – And How to Avoid Them

Jackson & Jackson

However, in the event of a claim, this can lead to substantial out-of-pocket expenses due to insufficient coverage limits. How to Avoid It: Regularly review and update your insurance coverage to match the current value of your property and its contents. In California, consider adding earthquake and flood insurance.

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Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. Working closely with insurance professionals who can provide guidance on the appropriate coverage amounts is not just important, it’s reassuring. .