Make a safe investment, insure your property

Home insurance is the best way for a person to protect his/her home from any possible eventuality that may occur. Any day, and as a consequence of an accident or other causes beyond our control, we could lose our home and everything in it.

 

From one day to the next, we could find ourselves in the street and have lost our home, and with it the savings of a lifetime. That is why it’s very important to have insurance, especially in South Florida, where many times of the year there are some weather phenomena that can lead to some unforeseen events.

 

If any eventuality happens, by having your home insurance, you will be able to sleep better. If there is any accident covered by the insurance policy, you can rest assured that those expenses will be covered by your insurance and not by you. Although having insurance for your home is not mandatory, like having insurance for your car, we recommend 100% that you insure your home, and that way you will be covered in case of any unforeseen event.

 

If you want to invest in South Florida, where there are beautiful places to live, having home insurance can be very important for you and your family in case of any eventuality. Don't think twice, insure your home, and that way, you won't have to worry if any unforeseen event or accident happens.

Hurricane Insurance: Is it a must?

One of the first things people take into consideration when they want to invest in Florida is its weather, and it’s no secret that Miami’s temperatures are great all year around… until hurricane season starts.

For most, it’s a tense time where everyone should be prepared.

So, what’s the first step?

At Gables Riches, we take care of your safety, so have these emergency numbers in hand:

How do I protect my home?

A home is also a shelter; it’s a place where all your family should feel safe from day one. That’s why at Gables Riches we don’t only see your house as a place: it’s where you build a life. So, from day one, you should have a Property Management and Property Insurance service that can look out for your well-being and comfort.

At Gables Riches, we offer these services taking everything into consideration: area, type of property, type of insurance, etc. It doesn’t matter what type of investment you have, all that matters is that you have all you need in hand.

Hurricane season is upon us

There are some types of insurance that can cover some damages produced by hurricanes, like strong winds and superficial damage. But sometimes, flooding is the biggest issue.

It’s important to know that by US law, it’s mandatory to have a flooding insurance when you buy properties near stormy areas. And the range of policies cover from personal items to structural damages.

Check what your insurance policy covers and which arrangements you must do to get full coverage.

Gables Riches offers a top Property Management and Property Insurance service so you can protect your home –and your family– at all costs! Contact us!

Property Insurance: Which one is right for your investment?

It’s true that investing in the real estate market is one of the safest ways to increase your patrimony over time. However, your property can also suffer damages when you least expect it. And if you’re not ready to face these events, you could lose money, or worse, your initial investment.

Before you start renting, working, or living in your new home, you should acquire an appropriate insurance for your case. Today, we present 4 types of Property Insurance to help you make the right decision.

4 Property Insurance types especially necessary in Florida

●   Homeowner’s insurance: are you moving to a new place or investing in a second home? Everything’s not ready until you purchase home insurance. This is the plan with the widest coverage in the market; however, it doesn’t cover floods and other natural disasters, which is a problem if you live near the coast.

This insurance includes coverage for large damages, accidents that occur at home, replacement of damaged items, and it has a low deductible compared to the cost of repair.

●     Landlord insurance: it’s a versatile plan whose budget is deducted from your taxes. It covers any kind of damages to the property caused by accidents or tenants. And it also includes the cost of a tenant defaulting on rent.

On the other hand, landlord insurance is expensive, especially if you use it in your first investment, and it doesn’t extend the protection to items or furniture inside the building.

●     Flood insurance: extremely useful if your property is located near a body of water. It offers protection for total loss, damages to physical structures, and replacement of lost items; however, it doesn’t cover living expenses. You may complement this plan with natural disaster insurance.

●     Commercial property insurance: if you are starting a business, you must purchase a plan to protect you from losing money. Florida is a very competitive market, both prosperous and risky. That’s why you need to run your project in the safest way possible.

Business insurance protects companies from unexpected damages to the physical structures and keeps you away from bankruptcy after disasters.  It also has cons, because this plan involves an extra cost that might be difficult to afford if the business is new in the market.

At Gables Riches we can help you protect your investment from the unexpected, with our Property Insurance services. Contact us. 

Top 3 areas to invest in Miami

Miami is a fast-paced growing area. Property investments have increased over the last 15 years thanks to Miami’s lifestyle. According to the Florida International University’s Metropolitan Center, Doral is one of the fastest growing cities in the state, with a growth of 26.1% between the years of 2010 and 2016.  

Now, we’ll tell you about some of the fast-growing areas to invest in Miami:

Between 2015 and 2016, cities like Bonita Springs (4.5%) and Fort Mort (4.5%), were some of the fastest growing cities thanks to their environment and possibilities of investment.

Miami, on the other hand, grew a little bit over 2.9%. Between the years 2010 and 2016, the city gained nearly 53,000 residents, and last year alone (2017) it grew by 13,000 new residents.

Other cities around the South Florida area with a resident growth were: 16,408 in Miramar, 13,200 in Fort Lauderdale, 11,700 in Boca Raton, 11,200 in Hollywood, 9,900 in Davie, 8,961 in Coral Springs and 7,638 in West Palm Beach.

South Florida hasn’t lost population in over six years, making this area an attractive investment opportunity. And that’s where Gables Riches comes in. We offer Real Estate, Property Management and Property Insurance; we help you during the entire process. All you have to do is contact us and we’ll make your dreams of living in Miami come true.

Source: http://bit.ly/2G8Ou2r