Owning and managing real estate may seem easy, but anyone who owns and manages real estate can tell you that navigating the purchase, management of tenancy and sale of properties gets pretty complicated. All work involved is significantly impacted by your insurance coverages. Many property managers are unaware of vacancy clauses in their property insurance – which either exclude or severely limit coverage if your property is considered vacant – and many companies have different definitions of what a vacant property is. In other words, if you purchase a property and don’t discuss the occupancy percentage, you may be purchasing worthless insurance!
MIG knows the challenges faced by landlords and condo and homeowners associations. We work with you to secure and maintain a comprehensive, cost-effective insurance program tailored to your needs.
We develop customized risk management solutions for clients of all sizes and complexities. Our agency works extensively with:
We provide a full range of casualty insurance, integrated property, and risk management services. These include reviewing insurance provisions in association documents and interpreting new legislation, as well as ensuring that your program meets the latest regulations and requirements.
We all understand the concept of Coinsurance, right? We pay 20% of the claim and the insurance company pays 80%. Seems simple enough, doesn’t it? IF you’ve ever had a health insurance claim, I’m sure you really understand it. You probably have that same......
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