by Mary Eltawil | Feb 27, 2023 | AZREIA, Liability Insurance, Liability Limits, Newsletter, State Farm
By Clark Sanchez | State Farm The liability limits on the owner’s/landlord’s insurance policy are perhaps the most important part of the overall insurance package. This is where you do not want to just ‘check a box’ and say, “Liability Insurance. Yes, I’ve got that!”...
by Mary Eltawil | Dec 31, 2022 | AZREIA, Newsletter, Property Management, State Farm
By Clark Sanchez | State Farm Most property management agreements require that the rental property owner add the property manager to the owner’s ‘Landlord/Owner’ insurance policy. Virtually all insurance companies can and will do this without additional cost or...
by Mary Eltawil | Nov 1, 2022 | AZREIA, Insurance Risk, Newsletter, State Farm
By Clark Sanchez | State Farm As an investor in income property, you may not have ever considered how your insurance company determines how much to charge for your policy. In the insurance business, determining cost and what to charge is a big part of “actuarial...
by Mary Eltawil | Sep 1, 2022 | AZREIA, Landlord, Newsletter, Single-Family Rental Property, State Farm, Tenant
By Clark Sanchez | State Farm As an insurance agent who specializes in single-family rental property, I go out and look at every single property that we insure. Most are in good condition and approved without any issues. However, more and more properties are being...
by Molly Matthews | Jul 1, 2022 | AZREIA, Newsletter, State Farm, Tenant Law
By Clark Sanchez | State Farm Dog bite problems vary by state law and each insurance company. This article focuses on the state of Arizona and most insurance companies but from the viewpoint of the landlord for a rental property and may not apply to owner-occupied...
by Maureen Laupp | May 4, 2022 | Insurance, Newsletter, Property Management, Rentals, State Farm
by Clark Sanchez, State Farm All insurance companies review data about the properties they insure. Most send a service out or have their agents snap some photos, while some look at photos and information online. When an insurance agent says something like “We do not...
by Maureen Laupp | Feb 28, 2022 | Newsletter, State Farm
Virtually all contracts for property management include a requirement that the property owner must add the property manager to the owner’s insurance policy. By doing this, the insurance company agrees to defend both the owner and the property manager if a lawsuit (or...
by Maureen Laupp | Dec 29, 2021 | Newsletter, State Farm
YES RIGHT HERE !! Think it doesn’t happen here? Think again !!! If you have never experienced frozen water pipes, perhaps you do not understand the severity of this situation. When water pipes freeze, the water expands and splits or cracks the pipe. Then,...
by Maureen Laupp | Oct 31, 2021 | Newsletter, State Farm
There is always the temptation to have maintenance work performed by ‘casual labor’ or other un-licensed people. Take a few minutes to review the information found on the Arizona Registrar of Contractors website (roc.az.gov) and you may save yourself a lot of...
by Maureen Laupp | Aug 31, 2021 | Newsletter, State Farm
An “Umbrella Policy” is an additional insurance policy that provides an extra layer of liability or lawsuit protection. In general, this is a policy that many people with higher incomes or higher net-worth should consider purchasing. And remember, people who own real...