Learn the secrets of insurance for real estate investors in Virginia Beach.

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.

https://RealEstateFinancialPlanner.com/spreadsheet

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