Do's and don'ts when insuring real estate

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May 2023

Do's and don'ts when insuring real estate

Are you a proud owner of real estate? Then you understand better than anyone how important it is to protect your investment. Whether it's a commercial property, a residential complex or an office building, insuring real estate requires the right knowledge and strategy. That's why we're happy to share some essential do's and don'ts that can help you make the right decisions.

Here are some valuable insights to optimize your property insurance:

Loss of rent

Protect your income during construction periods by co-insuring loss of rent. By default, insurers offer coverage of 10% of the rebuilding value for 1 year. For longer recovery periods, there are options for extended coverage up to 2 or 3 years.


Check regularly that the stated destination on the policy is still correct. An incorrect zoning may negatively impact your claim payment. Make sure that the stated destination matches the actual use of the property.

Valuation and underinsurance

Prevent underinsurance by keeping the insured value (reinstatement value) up to date. In case of underinsurance, the claim payment is calculated using a formula. Insurers offer free appraisals to determine the correct reinstatement value to ensure adequate coverage.


Pay attention to clauses in your policy, such as outdoor storage or fire hazards. Failure to comply with these clauses may result in non-payment of damages. Check with your insurer about options such as using an increased deductible or including no coverage restrictions in your policy. Insurers appreciate commitment to prevention (good housekeeping).

At Brickbase, we understand the complexities of insuring property and are ready to support you in protecting your valuable assets. Contact us today for more information and tailored advice.

Protect your real estate with the right knowledge and strategy. Discover the do's and don'ts in insuring real estate with Brickbase.

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