5 Reasons why real estate investors should consider reviewing their insurance policies

As a real estate investor, you know that your properties represent a significant investment. Yet we often see that buildings insurance policies are not reviewed regularly, which can lead to unnecessary risks and increased costs.

Here are five key reasons to take a close look at your current home insurance policy:

1. Rising premiums: Premises insurance premiums often rise annually with no apparent explanation. A review can help negotiate better terms and potentially save costs.
2. Changing property portfolio: When your property portfolio grows or changes, existing coverage may no longer fit your needs. This can lead to underinsurance or unnecessary additional costs.
3. New providers in the market: The insurance market is dynamic. New providers may offer more attractive terms or lower premiums. It pays to investigate whether switching can be advantageous.
4. Bad terms or exclusions: Many policies contain hidden exclusions or conditions that can put you in a predicament. A review can reveal whether your current policy really provides the coverage you need.
5. Better customer support: If you find that your intermediary is poorly accessible or constantly changing contacts, it may be time to choose an insurer that is customer-focused and better supports you in managing your risks.

Reviewing your buildings insurance regularly is essential to ensure that your property portfolio is optimally protected against unforeseen events. At Base Insurance, we are happy to help you with a no-obligation comparison of your current insurance policy.

Contact us today and find out how we can help you optimize your coverage with no obligation.

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