article thumbnail

Complete Guide to Apartment Building Insurance

Rental Housing Journal

Commercial Property Property insurance covers the cost of repairing or replacing your buildings physical property if it is damaged or destroyed due to a covered event. As an apartment building owner, you may have several structures on your property such as garages, storage buildings, swimming pools, clubhouses, etc.

article thumbnail

Is Stock or Real Estate Faster in Building Wealth?

SparkRental

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. You wont be dealing with physical properties and tenant calls at 1 AM about a leaking pipe. Real estate investing involves risks; past performance does not indicate future results.

article thumbnail

“Wildfires, Insurance & Mortgages: Will Your Home Survive the Financial Aftermath?”

Esquire Property Management Group

In the event of a total losswhen the property is destroyed beyond repairthe lender may utilize the insurance proceeds to pay off or substantially decrease the outstanding mortgage obligation. This ensures that the lender is fully compensated even if the physical property is lost.

Insurance 104