Landlord Insurance – Is it different than regular homeowner’s insurance?
It may seem like an elementary question, but we have seen many homeowner’s insurance policies attempting to cover a landlord’s rental property. The major problem with this? An insurance company is not expecting a claim involving a tenant. If that claim arises, the carrier can very easily deny the claim and you, as the landlord,…Read More
Should I Check an Employee’s Driving Record Before Hiring?
ALWAYS! We see it time and time again. A business will add a driver to its commercial auto insurance policy. When the insurance carrier processes the request, they come back with one of three responses: The driver has been successfully added. This driver has resulted in an increased premium of $____. Given this driver’s recent…Read More
Brandon Wooden Joins The American Insurance Group
Brandon joined the team in June 2019. Brandon currently maintains a hybrid role, working within both service and sales. Brandon is from Chickamauga, Georgia, graduating from Gordon Lee High School (2015) and the University of Georgia (2019). As a Dawg, Brandon earned a BBA in Finance from UGA’s Terry College of Business, graduating with high…Read More
Three Insurance Mistakes Real Estate Investors Make
Investing is the pursuit of building profits. Buying a single-family, duplex, triplex, quadplex, apartment complex, commercial building, or storage facility is a great first step, but what’s next? Insuring the investment properly. Appropriate insurance is simply investing in the investment… protecting it. As with any attempt to build profit, cashflow is critical; however, sacrificing coverage…Read More
Insurance For My Investment Property
With an investment property, it is easy to consider the insurance as merely a cost more than a part of the overall investment. This viewpoint can influence an investor to settle for weak insurance because it improves the cash-flow calculations. While the cheap premiums feel great, what happens when the need for insurance arises? Is…Read More
I’m Shopping our Insurance
Why the effort to create competition creates less competition. Cash flow is the lifeblood of every business. While insurance is not something to skimp on, it is also something that needs to be cost-effective. Put another way, business owners and executives want to know their costs are competitive within the industry. So, what is the…Read More
I Don’t Have Life Insurance This is a statement that a significant portion of Americans can truthfully say. But can they also say, “No one depends on my income now or will depend on my income in the future”? Can they also say, “I will have no outstanding debts”? There are many factors that play…Read More
As we first mentioned in our post, “We Do It”, property can be an incredible investment tool. Just like any other investment, property needs to be protected. There are two cornerstone coverages needed: physical property and liability. The investment is in the structure; if a storm comes through, we want to rest easy knowing that…Read More
Young, Hungry, and Never Complacent
The average age of an insurance agent is 60. Sixty! Full disclosure – I’m 23, and the oldest member of our agency is 34. I’m roughly 40% the age of the average agent, just a couple of years removed from my time at the University of Georgia. It still costs me seven gold doubloons to…Read More
When Should I Review My Personal Insurance?
Let’s be frank – insurance isn’t something you typically wake up thinking about. I suspect you’re more worried about getting the kids off to school, about traffic, or thinking about what tasks you need to complete at work that day. And while insurance doesn’t need to be on the top of your mind (that’s why…Read More