Learn the secrets of insurance for real estate investors in West Valley City.
This class is Module 28 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
- 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 more...
Check out the video and additional resources related to Secrets of Insurance.
Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™ by going to:
https://RealEstateFinancialPlanner.com/spreadsheet
Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.
Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the West Valley City real estate investor podcast? Book a free consultation to discuss.
