Hurricane season runs from June 1 through November 30, 2020. Government institutions are constantly taking actions to mitigate the impact of storms and disasters on our communities. We suggest you do the same for your investment property.
Enclosed are some recommendations and valuable information to keep in mind in the event of a storm.
Plan: acquire or review your insurance policy, understand your coverage, update your agent’s contact information.
Update your mortgagee clause with the following information:
LV Lending LLC
a Florida Limited Liability Company, ISAOA, ATIMA
175 SW 7th Street, Suite 2101, Miami, FL 33130
Review: your property’s storm surge planning zone. This zone determines the areas that could potentially be affected by a storm.
To identify potential flood locations, please click here
Contact your tenant and make sure they secured your property:Recommend the use of shutters to cover the windows and doors.
Ask them to protect electronics with surge and waterproof coverings.
Tell them to bring in lawn furniture or other outdoor items not tied down that could become an air bone.
Stay informed, be sure where to find real-time information before, during and after the storm.
You can visit your county’s website for more information or call 311 for Miami Dade’s & Broward contact centers.
Remember to contact your mortgagee about the status of your property once the storm has passed.
In case that there are damages or complete destruction of the property, LV Lending, LLC will partner up with you during the insurance claim process.
About LV Lending
LV Lending is a Miami-based private lender focused on real estate business and investment mortgage loans on residential and commercial properties. The company has a current servicing portfolio of $187 million and has overseen more than 462 transactions for $353 million in Florida and Georgia. Founded in 2013, LV Lending prides itself on its team’s approachability, fast closings and high level of transparency. LV Lending is an affiliate of Linkvest Capital.