April 7, 2020 6:19 pmPublished by Bryan Holtzman
Builders, developers and businesspeople who “flip properties” are accustomed to taking chances. After all, the very nature of the real estate renovation business is speculative. So, they’re comfortable carrying some risk. That doesn’t mean these risk takers should take unnecessary risk, especially when their investments are on the line. And yet, when it comes to… View More
March 24, 2020 6:28 pmPublished by Swerling Milton Winnick
1. What was the last concert you went to? Maroon 5 with my sister, Diane. Adam Levine was amazing. That’s also the next concert I’m attending – it will be a great way to spend my birthday. 2. Did you know what your dad did growing up? I just knew that he was always working…. View More
March 20, 2020 6:44 pmPublished by Swerling Milton Winnick
Businesses across the country are shutting down or facing serious losses in income due to the Coronavirus epidemic. In the face of business closures and other disruptions, business owners are asking their insurance agents what protection their policies might have to carry them through this crisis. One of the areas these distressed business people are… View More
March 17, 2020 6:49 pmPublished by Swerling Milton Winnick
In a previous blog, we discussed the Collapse coverage from the standpoint of a homeowner’s insurance policy. In this blog, we will discuss Collapse in the Commercial policies. The two policies that cover most commercial properties are the Businessowners Coverage Form (BP 00 03) or the Causes of Loss – Special Form (CP 10 30). … View More
March 10, 2020 12:51 pmPublished by Swerling Milton Winnick
If you submit an insurance claim for lost rental income, be aware it might be harder than you think. This is true whether you’re part of a big property management company collecting rent from dozens of units, or an individual who owns a few 3-family houses. Either way, be careful. Rental income claims can be… View More
March 2, 2020 1:10 pmPublished by Diane Swerling
Property managers and condominium boards – do your due diligence to ensure that your condominiums have the right coverage. This means understanding what coverage you have, and what you need. Remember: short money means short-sighted! Every year, your insurance carrier should send out a “renewal” letter. This is the perfect time to ask the tough… View More
February 25, 2020 1:16 pmPublished by Swerling Milton Winnick
What are you doing to start 2020 on the right foot? I’m focusing on making sure I take the time to have more fun. Don’t sweat the small stuff – that’s what I’m planning to tell myself in 2020. Who would be your dream dinner guest? My dad, Bruce Swerling. I still really miss… View More
February 18, 2020 1:22 pmPublished by Bryan Holtzman
RTFP – Read The Full Policy! This is sage advice. We were recently reminded of the importance of reading the full policy on a recent claim. Leading insurance consultant Bill Wilson spoke at the 2019 NAPIA mid-year convention in December, and it was instructive. Bill’s take was a tad more colorful – “Read the F#@*%ing… View More
February 11, 2020 1:31 pmPublished by Swerling Milton Winnick
In Part III of our multi-part series on Business Interruption coverage, we offered some real-life examples of BI coverage at work. To continue this examination, Part IV of this BI series looks at an additional aspect of BI – “Saved Expenses” – that business owners might encounter in their BI coverage. Saved Expenses As a… View More
February 4, 2020 1:35 pmPublished by Dayle Swerling Burke
When your personal property is damaged or destroyed in a fire or other event, you must undertake an extensive process to ready your claim for submission to the insurance company. Preparing a personal property claim the right way requires you (or, ideally, your public adjuster) to put together a detailed and thorough claim – which… View More
