How One Landlord Saved $86,000 in Premiums
Insuring the Market Value Wastes Your Money
"What property owners need to understand it that there's a big difference between market value that lenders use and the replacement cost carriers use," says Patrick Nugent, CCIM, JD, with Commercial Insurance Solutions out of Dallas.
"A property insurance policy is intended to make an insured whole and will not act as a profit center."
With that in mind, Nugent recommends that a property owner take a hard look at the insurable values with an eye toward replacement costs because this will lower premiums. Read more.
American Apartment Owners Association offers discounts on products and services related to your commercial housing investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.
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