Insured Investors

Discover strategies to lower your insurance premiums while maximizing protection for your real estate investments.

In this episode, we cover:

- What influences insurance premiums

- Why insurance premiums vary by provider

- How raising deductibles can lower premiums

- How making your property more resistant to a loss can save on costs

- How combining your properties onto one policy is valuable

- How requiring tenants to carry renters insurance can reduce your premium

- Why investors should use an independent insurance agent

- Where investors shouldn't cut corners when insuring their properties

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Liability coverage is crucial when financially protecting your investments from potential third-party claims. Join Brooke and Casey as they share liability coverage insights specific to real estate investing.

In this episode, we cover:

- What is liability coverage

- Why liability coverage is vital for real estate investors

- What liability limits are

- If you can purchase liability insurance as a stand-alone option

- What premises liability covers

- Other liability options for investors

- If your liability coverage will pay for tree damages

- How to determine how much liability coverage to purchase

- Examples of how liability coverages could come into effect

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Part of a successful real estate investing business is building and maintaining relationships. And a relationship with your insurance agent is no different. Join Brooke and Scott, as they share tips for success when insuring your real estate investments.

In this episode, we cover:

- Things investors should consider when choosing an insurance agent (0:44)

- Why it's important to maintain a relationship with your insurance agent (4:44)

- How investors can build a long-term relationship with their agent (6:01)

- What investors can expect to discuss during a policy review (7:37)

- And more! (11:58)

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Umbrella policies are one of the most misunderstood topics in our industry. To clear up the misconceptions, Brooke and Jacqui share everything investors need to know about umbrella and excess liability policies. (Hint: They are not the same thing.)

In this episode, we cover:

- What umbrella policies are (0:43)

- The difference between umbrella and excess liability policies (1:56)

- Additional increased liability options (3:01)

- Umbrella policies misconceptions (4:48)

- What investors should know before purchasing an umbrella or excess liability policy (5:36)

- Why you shouldn't use personal umbrella policies on rental properties (9:16)

- When investors should consider purchasing more liability coverage (11:34)

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Experiencing a loss at one of your properties can be overwhelming, to say the least. On this episode of Insured Investors, Brooke and Zach share the ins and outs of insurance claims, so you can proactively protect your business.

In this episode, we cover:

- If filing claims impacts your insurance premiums (:45)

- What insurance companies consider an "unnecessary" claim to file (2:10)

- What a controllable loss is (4:08)

- Why insurance claims get denied (5:32)

- What incorrect policy information could lead to the denial of a claim (6:49)

- What investors should NOT do when filing insurance claims (8:36)

- What investors SHOULD do when filing insurance claims (9:45)

- Plus, some real scenarios on whether or not to file a claim (11:50)

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When insuring items like pools, trampolines, and other outdoor equipment, investors may not be covered for what they think. That's why, on this episode of Insured Investors, Brooke and Jason share important insurance considerations for attractive nuisances.

In this episode, we cover:

- What is an attractive nuisance (:47)

- If it's up to the property owner to let their insurance agent know about attractive nuisances on the property (1:11)

- Why investors need to know and understand attractive nuisances (1:58)

- If insurance policies protect investors from injuries due to an attractive nuisance (2:57)

- How to insure pools and prevent liability lawsuits (3:50)

- Could investors be held responsible for injuries that occurred due to a tenant's attractive nuisance (5:47)

- Measures investors can take to reduce attractive nuisance liability risks (6:56)

- If insurance covers property damage to an attractive nuisance (9:45)

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Coastal properties come with a unique set of insurance risks. Join Brooke and Casey as they share how to properly insure these properties on this week's episode of Insured Investors

In this episode, we cover:

- The unique challenges of insuring coastal properties (:50)

- How to ensure you have coverage for hurricanes (1:35)

- What are tiers (3:23)

- How to know if your property is in a tier (4:54)

- If you can buy back Named Storm coverage when your policy excludes it (5:45)

- How floods impact coastal areas more than others (7:42)

- What investors can do to prevent damage to their coastal properties (8:34)

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Find out why insuring your investment properties under a homeowners policy exposes you to coverage gaps and more on this episode of Insured Investors, featuring Scott Kroening.

In this episode, we cover:

- Why investors insure their properties under a homeowners policy

- Why it's a bad idea to do so

- The coverage and limit gaps investors are exposed to when insuring investments under homeowners policies

- How claims are impacted

- What you should do for insurance if you plan to turn your current residence into a rental

- What investors that own vacation rentals and reside in them part-time should consider when determining their insurance policy type

- The benefits of insuring your investment property under a commercial policy

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#RealEstateInvesting #RealEstateInsurance #RealEstateInvestor #CommercialInsurance #HomeownersInsurance #PropertyInsurance #LiabilityInsurance #InsurancePolicies

Learn how to properly insure your vacation rentals on the newest episode of Insured Investors, featuring Jacqui Price!

In this episode, we cover:

- What is considered a short-term/vacation rental

- Why Homeowner's and typical Landlord policies don't always offer enough coverage for vacation rentals

- What type of insurance coverages you need for a vacation rental

- How you can protect yourself from damages caused by guests

- Whose insurance covers the guests' items should a loss occur

- Why short-term rental insurance tends to be more expensive than a typical rental policy

Check out the Airbnb's featured in today's episode.

1. Cliff Dweller: https://www.airbnb.com/rooms/47114758

2. Band Wagon: https://www.airbnb.com/rooms/53061925

3. Kellogg Doolittle House: https://www.airbnb.com/rooms/53719772

4. Bruno Steel House: https://www.airbnb.com/rooms/1027800814785286766

5. Spaceship: https://www.airbnb.com/rooms/51165983

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Zach Baker is back for a new episode of Insured Investors! This time, Brooke and Zach share everything you need to know about your property insurance policies. That way you'll understand what you are and aren't covered for before a loss occurs.

In this episode, we cover:

- The most important sections of an insurance policy

- Sub-limits

- Covered Causes of Loss

- Endorsements

- Policy Exclusions

- Policy Conditions

- How to make your insurance policy your own with valuation methods, deductibles, and more

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