Lockdown measures have significantly affected the business operations of many companies around the world. It shut down the operations of airports, restaurants, shopping centers, and put many red economies.
Like big corporations, small business owners also felt the adverse effect of the pandemic. Their revenue plummets as most people are spending less due to the situation. As a result, the financial viability of many small businesses is threatened.
People around the world are running into a period of uncertainty due to the impact of COVID-19. Consequently, there is a growing interest in investing in insurance to protect themselves and their properties in time of contingencies.
However, your auto insurance, homeowners’ insurance, or other insurances are not perfect. Your insurance policies can only cover a certain amount, and the policy no longer covers any amount beyond that.
Putting your property for lease to tenants is one of the most effective ways to earn passive income. Many individuals are developing their properties to turn it into revenue-generating-assets. Like homeowners, landlords must protect their properties from unforeseen. And the more so, they should consider obtaining insurance coverage for their properties.