Insurance Price and Terms….
Insurance premiums are one of the most expensive costs commercial and multifamily owners and management companies must deal with. Naturally, investors want the best price and coverage when it comes to their policy. Like anything else, it all comes down to price and terms. We’ve found that the less a policy costs, the more diluted coverage and terms can be. Arbitration clauses, depreciation schedules, appraisal language, business interruption, civil authority and other policy language can make a big difference in a policyholder’s ability to recover after a loss.