What we are experiencing since January 2023 in the multifamily insurance industry, and coastal property in particular, is unsustainable – especially as owners and managers struggle with the effect that higher interest rates is having on asset valuation. With the…
If you are an apartment complex owner or operator, this is an important topic to understand when it comes to insuring your apartment buildings. When insuring large apartment complexes with multiple buildings, commercial property insurance policies typically offer two coverage…
Flood insurance through FEMA is the National Flood Insurance Program (NFIP). It has long been one of the more confusing and misunderstood insurance coverages for everyone involved – from insurance agents to mortgage holders – from people buying flood insurance…
Five years after FEMA released their Preliminary Flood Map Updates, FEMA finally made the final version effective this past January 2021. This was met with a lot of excitement but also with confusion. A lack of up-front guidance on how…
How much does it cost to insure my home? That is a reasonable question we get asked, and the frustrating answer we have is that It Depends. That answer is frustrating to hear, so we want to shed some light…
Since wind is one of the higher risks on the coast, insurance carriers normally have a separate, higher deductible for claims caused by this. Also this deductible normally is factored as a percentage of the insured value of the home…
I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property…
I was recently asked this question by one of our Crescent Insurance Advisers clients, and thought I would share the answer here for our readers. There are a lot of things that go into homeowners and auto insurance rates, one of…
Why do my auto insurance rates keep going up even though my car is getting older? At Crescent Insurance Advisers, many of our clients ask this question so I would like to address it from a couple of angles. First…