Houses and the Holidays (part 2)

As we near the Thanksgiving Holiday, it is certainly of great importance to GIVE THANKS for the beauty in our world. As days get shorter and lists of Things To Do get longer, taking a minute to appreciate can change perspective as well as allow for more detailed planning for the coming New Year. Our last blog centered on the importance of keeping a close eye on Mother Nature and performing proactive duties to protect the health of your property. Another important point is to ensure that your Insurance plan coverage is both thorough as well as tailored to the specific location/geographical needs of your property. For example, a property located in South Pasadena will likely not require high coverage for Damage Caused by Aircrafts as, say, a property within 5 miles of Los Angeles International Airport. Similarly, a home nestled in beautiful San Marino may not need as much protection for Hillside Mudslide Risk as a property in the hills of Studio City. With regards to the units we manage, a home or property in sunny Southern California can probably forgo the cost of Snow, Sleet, and Ice insurance more so than you would in Illinois' Windy City. Having the knowledge and wherewithal to discern what you need and what could save important money is part of our responsibilities as Property Managers. As part of our commitment to you as Owner, our work centers on not only streaming Tenant Relations but assessing the effectiveness of fiscal commitments including your Insurance responsibilities. If you have any questions on how we can advise your Insurance Policies for your income properties contact us!