You face a lot of risk factors when managing Habitational Real Estate in Massachusetts, especially if it’s an apartment complex, condo or co-op. The residents and visitors are also at risk. No matter what your real estate holdings are, as long as the property can be inhabited, it is considered habitational real estate. As a result, you do face various challenges and risks, especially in this unpredictable economy and uncertain real estate market.
It is evident that the valuation of these properties are quite complex. In addition, since the risk levels of people who enter these properties are very high, those who own and manage them should have professional assistance in receiving the best insurance program.
If you do own Habitational Real Estate in Massachusetts, you will need a trained and skilled professional to deal with the issues that come with this.
You should do business with a company that has strong business relationships with high quality insurance carriers. If you need coverage for your rental property, personal property and equipment, you should call on a company with unique programs that guarantee property replacement costs.
Types of coverage may include:
- Loss of rent
- Worker’s comp
- Subsidized housing
- Coastal exposure
You should look for an experienced company that knows how to create tailored risk management resolutions for all types of portfolio. A knowledgeable company will have done extensive work with:
- Property managers
- Building contractors
- Real estate developers
- Facility managers
Use a company that understands the wide range of risk that you are susceptible to. You need a company that can give you various options that could even include coverage for vacancy issues, lead and mold.