Commercial Investment Properties and Real Estate Investment Insurance in Mobile County, Baldwin County and the Greater Gulf Coast Area
The commercial real estate investment business is a lucrative business, bud don’t be fooled. This business deals a substantial amount of risk as well; high risk, high reward. While they are important and absolutely necessary, there are several other risks that will not be covered from a standard general liability and property policy. One major risk in particular, infamous to the Gulf Coast, is the chance of a massive hurricane destroying your property.
Over the last 60 years, experiencing storms like Camille, Frederic, Ivan and Katrina, we have become hurricane experts and know the particulars needed to protect coastal, commercial properties and their owners. One thing we have seen is that these storms have become so frequent. Resulting in the property insurance on coastal properties to skyrocket; making it even more risky of a venture. All the more reason why you and your business should be properly insured.
These major threats to the area make it critical to review all aspects of your insurance program. You must take the time and ask yourself and your firm several key questions:
Have I purchased the correct amount of coverage to rebuild my property? Have I selected a deductible that myself or my investment firm can afford to pay? Have we purchased an adequate amount of business income coverage? Do we have flood insurance?
If you have answered no to any or all of these questions, it is time to reevaluate your insurance coverages. Whether you are investing in apartments, retail stores and shopping malls, medical offices, professional offices or high rise buildings, we have the knowledge and experience to assist you.
Call us! If you need further explanation or want to review your current insurance program, our advisors are here to help.