See the full video at https://youtu.be/I9FXFTkc_KA  The property owner must understand that certain risks are in any case unacceptable to most major insurance companies. For example:
V a real estate poses an unacceptable risk to many insurance companies. A critical factor for acceptance is the length and reason for the vacancy and the insured's expectations of the future. Examples of a vacant property include the following:
- A commercial building that does not contain any personal property is considered more dangerous than an occupied building by many commercial fire insurers.
- Although electricity service is usually turned off and natural gas does not enter the facility, a vacant building is not exposed to the many hazards of occupancy, such as cooking, heating or smoking. However, experience has shown that vacant property is more prone to vandalism and damaging losses precisely because it is empty.
- A vacant building is also susceptible to windstorm damage as no one is present to secure loose furnishings. building is more susceptible to the problems caused by rats and other rodents.
- If the vacancy is caused by a change in the population or business, or by building elements that make it unsuitable for most occupations or by poor economic conditions, can become a burden on the owner who can be "sold" to an insurer with the help of a careful arranged fire or vandalism claim where fire or vandalism damage is done at the insured's insistence and request.
- Even a new building is subject to review until it is occupied.
- Some insurers are willing to write vacant properties on a limited and limited policy for a higher premium than normal.
- Properties in brush zones, in n areas where brush fires are common will often not be insurable without extreme protection and brush spacing around the structure.
- Properties built in flood zones are usually non-insurable except through the state-subsidized national flood insurance program. fault is uninsurable for the danger of the earthquake or earthquake.
- Properties built near shorelines in areas where hurricanes are common are usually unsafe.
© 2020 – Barry Zalma. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance business. He is available at http://www.zalma.com and firstname.lastname@example.org.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 52 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their staff to become insurance claims staff.
https://zalma.com/zalmas-insurance-fraud-letter-2/ Last read two issues of ZIFL here.
Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921  Read posts from Barry Zalma at https://parler.com/ profile / Zalma / inlägg
Listen to Podcast: Zalma om försäkring https://anchor.fm/dashboard/episodesZalma om försäkring
Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg/
Go to the Insurance Claims Library – https://zalma.com/ blog / Insurance -claims libraries /
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