Secrets of Insurance

In this module (28 of 46 in the Real Estate Investing Secrets course), you will learn:

• Why you should not be penny-wise and pound-foolish with insurance and your real estate investments.

• The importance of having a strong relationship with your insurance agent/broker as a real estate investor.

• The difference between a captive insurance agent and an independent insurance broker… and why it matters.

• Why insurance policies are like snowflakes… and what you need to do about it.

• The importance of reading and understanding your insurance policies as a real estate investor.

• The dangers of jargon in insurance policies and what you should do to address insurance jargon.

• The importance of pausing before making claims with your insurance policies and the considerations to evaluate: should you make a claim?

• The importance of maximizing coverage limits for real estate investors.

• Why you should consider an umbrella policy as a real estate investor and what it protects you from… and what it doesn’t typically cover.

• How protection typically works with insurance on your properties, autos and umbrella.

• What might it cost and what value of protection might you get from an umbrella insurance policy?

• Why you should compare the premium/deductible on your properties for deal analysis.

• What are some holes most insurance policies have and what extra coverages might you get to plug those holes?

• Understanding replacement cost versus actual cash value as a real estate investor.

• Understanding the value of extended replacement costs and why it makes sense… especially in fast appreciation markets.

• How the payout might work for a roof replacement with replacement cost versus actual cash value.

• What strategies should you insist on extra insurance for the contents of your property?

• Why should you insist on a renter policy from all your tenants?

• What are some of the other insurance options you might consider as an investor?

• Plus, much, much more…

Secrets of Insurance

Here are the slides from the presentation for your convenience…