Tom Burns's Posts - Real Estate Finance2024-03-28T14:30:43ZTom Burnshttps://realestatefinance.ning.com/profile/TomBurnshttps://storage.ning.com/topology/rest/1.0/file/get/69887398?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://realestatefinance.ning.com/profiles/blog/feed?user=27yvu8d81dvsa&xn_auth=noDon't Run Out Of Monthly Rental Income!tag:realestatefinance.ning.com,2018-04-09:6517464:BlogPost:3198422018-04-09T21:58:50.000ZTom Burnshttps://realestatefinance.ning.com/profile/TomBurns
<p>Be Careful!!! Most <strong><em>"off the shelf"</em></strong> commercial property polices provide <strong><em>ONLY</em> 12 months Loss of Rental Income</strong> when a property is shut down due to a covered claim.</p>
<p>This <strong>IS NOT</strong> enough coverage because many issues can delay repairs when a commercial property suffers a large loss - fire, explosion, etc. In addition to making the necessary repairs, construction <strong>delays can occur due to</strong>:</p>
<ul>
<li>Delay in…</li>
</ul>
<p>Be Careful!!! Most <strong><em>"off the shelf"</em></strong> commercial property polices provide <strong><em>ONLY</em> 12 months Loss of Rental Income</strong> when a property is shut down due to a covered claim.</p>
<p>This <strong>IS NOT</strong> enough coverage because many issues can delay repairs when a commercial property suffers a large loss - fire, explosion, etc. In addition to making the necessary repairs, construction <strong>delays can occur due to</strong>:</p>
<ul>
<li>Delay in plan approvals, permitting issues, design changes</li>
<li>Weather, materials availability, code updates</li>
<li>Complex construction techniques, etc</li>
</ul>
<p>I recommend <strong><em>24 months Loss of Rental Income</em></strong>. It's not expensive and you won't worry about <strong><em>project delays </em></strong>eliminating your expected cash flow!</p>
<p><a href="http://www.stanburns.com/2018/03/04/rental-income-insurance/">http://www.stanburns.com/2018/03/04/rental-income-insurance/</a></p>
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