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Committees

May 14 Property Management Committee

How to Prepare for Skyrocketing Insurance Costs Here in Nevada

Release Date: May 02, 2024 at 3:44 PM

Are you feeling the pinch of soaring insurance rates in Nevada? You're not alone. As insurance costs continue to climb, understanding why this is happening and what you can do about it becomes crucial. Join us for the upcoming Property Management Committee Meeting on May 14 from 11:00 AM to 12:30 PM in LVR Classroom A. This meeting will delve into the intricacies of insurance trends affecting Nevada residents, landlords, and renters alike.

Understanding the Surge in Rates

Ever wondered why insurance rates are skyrocketing? We'll explore the factors contributing to these increases, from regional risk profiles to broader economic shifts. Discover why some areas are seeing insurance options dwindle, leaving many with limited or no coverage options.

Decoding Landlord Insurance: Additional Interest vs. Additional Insured

If you're a landlord or property manager, insurance terms like "Additional Interest" and "Additional Insured" can be confusing. Gain clarity on these terms and understand how they impact your coverage and liabilities. Learn strategies to protect your investments without breaking the bank.

Umbrella Policy Updates and Multi-Unit Coverage

Umbrella policies are lifelines in uncertain times. Stay updated on the latest changes to umbrella policies and explore options for securing multi-unit coverage efficiently. Our experts will guide you through optimizing your umbrella policy to suit your specific needs.

Renter's Insurance: Coverage Essentials and Must-Knows

Are you a renter without insurance? Don't overlook the importance of renters' insurance. Understand what it covers, common misconceptions, and why it's a crucial safety net for your belongings and liability protection.

Special Guest Speaker: Farmers Insurance

Join us in welcoming two seasoned experts from Farmers Insurance, who will share invaluable insights and strategies to navigate the evolving insurance landscape in Nevada. Get firsthand knowledge from industry leaders to make informed decisions about your insurance needs.

Mark your calendars for an informative session that promises to empower you with the knowledge and tools to tackle rising insurance costs effectively. Don't let uncertainty leave you vulnerable—arm yourself with information and proactive strategies. See you on May 14!

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