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insurance: Insuring your Rental Property - 07/10/09 02:12 PM
I have posted this before but, with more and more people renting these days it's a good idea to revisit.

You have decided to be a landlord.  Congratulations! Here are some tips and recommendations on properly covering your investment.
Liability to Protect the Landlord
 
The landlord is responsible for the safety of the property the tenants are living in. If a tenant should harm themselves due to something dangerous in the property they can make a claim against you for damages. For example, a tenant could electrocute themselves on a faulty light switch. As a result, the … (0 comments)

insurance: Pool and Trampoline Insurance Problems - 07/10/08 04:59 PM
 
Did you know that many home insurers won't cover customers with trampolines and have restrictions for those with a pool.  Check with your insurance agent before buying a trampoline or pool -- and let your agent know if you've already purchased one. If you file an insurance claim involving a trampoline or pool (especially one your insurance company didn't know about), you not only risk higher insurance bills in the future;  you could have trouble finding an insurance company willing to underwrite your future coverage. Here are some tips on how to protect yourself and your loved ones from these … (1 comments)

insurance: Arizona Home Construction-Half Day Seminars for Builders - 02/27/08 08:35 AM
In an effort to bring more value to our real estate community we are going to begin offering half day seminars to our general contractors.  We would like to get the Phoenix Metro real estate community involved.
Our goal is to have several of these seminars per year aimed at General Contractors building 5-10 homes per year in Arizona.   The theme for the first seminar will be geared toward a build from beginning to end. The topics for our first seminar will include:
 
Not necessarily in this order
Project Planning
Lending
Insurance
Legal
Architectural/design
Lot Selection
Sub Contractor Selection
Marketing your build
Speakers:
Real Estate Agent
Mortgage Specialist
Attorney
Architect
Land Developer
Design Studio
 
There could be … (1 comments)

insurance: Homeowner's Liability Insurance - 01/25/08 07:36 PM
Everyone has parties- Holiday parties, Birthday parties, Superbowl parties, etc but do you realize the risk you are at when you throw a party?
Let me lay this example out for you.   Last month one of my neighbors had a Christmas party. Everyone in the neighborhood was invited.  There were three kegs that were provided by the hosts along with wine and mixed drinks.  There was a live band and many guests brought some type of food to share. 
The backyard was beautiful- It had a huge pool, waterfall, 4 fire pits, an outside bar, and a big deck with several … (1 comments)

insurance: Protecting your assets correctly as a Landlord - 10/09/07 12:35 PM
You have decided to be a landlord.  Congratulations! Here are some tips and recommendations on properly covering your investment.
Liability to Protect the Landlord
The landlord is responsible for the safety of the property the tenants are living in. If a tenant should harm themselves due to something dangerous in the property they can make a claim against you for damages. For example, a tenant could electrocute themselves on a faulty light switch. As a result, the tenant may be hurt badly.  The Landlord Liability coverage will pay for any damages to the tenant as well as legal costs.
Protecting you Building
The building … (1 comments)

insurance: Double Whammy: Builder has huge insurance audit, Sales have plummeted - 08/31/07 04:53 PM
Over the past seven months I have noticed some potential danger on the horizon.
Small builders, like large builders have seen the amount of homes they sell drop off from previous years.
Again and again, I read and hear about companies that hadn't planned for the additonal premiums that are earned on their general liability policies for having a great year.    
Here is an example of the problem:
XYZ Home Builder renews their insurance policy on 1/1/2006 based on sales of $2,000,000 and sub costs of $1,500,000.  After they get the policy it gets throws it in the drawer until 1/1/2007.  They never hear from the agent until then anyhow. Right?  Well in 2006 (toward … (0 comments)

insurance: Looking to Save Money on Insurance? Here are a couple of hints - 08/10/07 01:18 PM
Believe or not insurance rates for personal and business insurance are at some of the lowest rates in years. 
The reasons for this include:
Insurance companies continue to see record returns in the stock and bond markets.
In simple terms they are making hefty returns by taking your insurance premiums and investing them in the financial markets.  The more premium dollars they bring in the more the can invest equals more profit.
Insurance companies haven't faced major catastrophes in the recent years on a country wide basis.  Insurers might have faced some local or even regional catastrophic losses but, widespread losses haven't happened … (0 comments)

 

Gary Hanson

Scottsdale, AZ

More about me…

Professional Insurance Strategies

Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260

Office Phone: (602) 481-0161

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