Commercial Real Estate Pro Network
About This Show
Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
Most Recent Episode
CREPN #63 - Is Water Damage Covered or Not Covered?
3 days ago
Is Water Damage Covered or not?
If you have a claim, it is important to know if you have coverage, or not.
On Joe Fairless Best Ever Show Podcast #746 I was the guest and we discussed damage caused by water.
The standard property policy EXCLUDES Water:
Water that backs up from a sewer, drain
Unless through one of these the result is a fire, explosion or sprinkler leakage.
Backup of Sewer or Drain.
There are many companies that will give back coverage for:
Backup of Sewer or Drain for limits from $5,000 to $100,000
Flood is its own policy.
If you are in a Flood zone, you have a couple of options:
Purchase Flood Insurance
Get a letter of Map Amendment
Checkout CREPN #35 with Steve Gill, owner of Flood Risk America
Save 20% https://qc115.infusionsoft.com/app/page/save20flood
For more information about Commercial Real Estate Insurance like this, get your Commercial Real Estate Insurance Buyers Guide