Protect Your Real Estate Investments
Posted in real estate on September 6th, 2011 by admin – Comments Off
By: Darrin
Real estate investments are no small matter. It is one of the largest investments people can make. It is something that should be protected at all costs. Natural disasters hit all the time across the USA. Most recently hurricane Irene left a path of destruction up the east coast. People are finding out too late that they didn’t have the right riders on their home owners insurance or didn’t buy flood insurance. Most think that their insurance will cover natural disasters but the truth is the biggest issue caused by Irene was flooding and there are no home owners insurance policies that will cover flood problems, regardless of what caused it. FEMA is the only organization that offers to insure against flooding. Most people don’t think to inquire and purchase FEMA flood protection.
The same with other natural occurrences like earthquakes. That can be purchased as a rider on a Denver furnished apartment owner’s policy, but you have to ask for it.
In addition to insuring against these natural disasters you can do things to help keep your real estate investments secure against them. If you live in a zone prone to earthquakes you may consider earthquake proofing the structure. Strap down the roof and walls to the foundation.
For those in tornado zones having the roof secure may save a lot of grief. Loose shingles can come completely off in high winds leaving the others surrounding it vulnerable. By securing all roof shingles you may save a lot of money down the road and keep the roof in place. Garage doors need to be secured too, or replaced by tougher ones. Just take a look around and think what would be damaged in high winds and make sure you have a sound and secure structure by repairing any weak spots