Wealth Within Reach

51: The Property Insurance Hacks That Could Save You Thousands


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Are you financially exposed? This is how to safeguard your assets before it’s too late.


In this episode, I sit down with Datha Santomieri, co-founder and chief operating officer (COO) of Steadily Insurance, to break down the costly mistakes landlords make—and how to avoid them.


Datha shares how her own experience as an investor revealed major gaps in the insurance industry, leading her to build a company dedicated to helping landlords protect their wealth. She explains why a one-size-fits-all policy won’t cut it, how skipping liability insurance could destroy your finances, and what landlords must do to prevent claims from eating into their profits. We also dive into why your insurance policy might be useless when it’s time to file a claim, the hidden insurance traps that cost landlords thousands, and what rising insurance rates mean for real estate investors (plus how to minimize the impact). 


Whether you're a seasoned investor or just getting started, this episode is packed with crucial insights that can help you ensure your properties are truly protected.


Press play and take control of your real estate investments today!



KEY POINTS: 


- Introduction to Datha Santomieri

- Challenges in finding insurance for real estate investors 

- Some factors affecting insurance rates 

- Strategies for lowering insurance premium

- Tips on reviewing insurance policies

- Common mistakes landlords make with insurance 

- Steadily's commitment to education and support for landlords

- The need for landlords to be proactive in managing properties


QUOTES: 


“If you wanted a quick way to identify the things that are potentially going to cause you a claim, pay attention to the questions that the insurance company is asking.” – Datha Santomieri


“Learn from those things that you're being asked and work that into your strategy for who you allow as tenants and what your rules and procedures are for your home—because it will then directly translate back to your insurability.” – Datha Santomieri


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RESOURCES: 


Erika Brown


IG: @erikabrowninvestor

LinkedIn: @erika brown


Wealth Within Reach is produced by EPYC Media Network

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Wealth Within ReachBy Erika Brown