Insurance is still the best defence
Professional property management minimises owners' risks, but no amount of preparation and vigilance can adequately safeguard against all the unexpected calamities that might occur
- Published: 1 Jul 2012 at 00.00
- Newspaper section: Spectrum
Any property is exposed to risks associated with unexpected incidents. While having professional property management in place is instrumental in identifying and minimising those risks, there are many factors that remain out of an individual's control. That's why property owners should insure their assets to cover the risks, particularly in the case of high-rise buildings that involve very large investments.
When dealing with property insurance, most people initially think only of fire, but the fact is the perils to property can come in many forms.
Aside from fires, incidents that might cause physical damage include:
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.
