What is the best coverage for your multi-state real estate portfolio?

Managing insurance policies for your entire real estate portfolio can be an administrative nightmare if the coverage is provided by multiple companies. Finding a reliable and informative insurance broker who is able to offer nationwide coverage from A level underwriters would eliminate the hassle. Today, Jason gets answers for all of your insurance questions from the brokerage firm of Ross Diversified.

Key Takeaways:

Jason’s Editorial:

[1:21 ] It’s an amazing time to be alive!

[2:33 ] China has finally ended their one child policy

[4:40 ] The nature of the real estate industry is fragmented

[9:34 ] Bad faith insurance or companies denying claims is common

[10:30 ] A personal experience with National Real Estate Insurance Group

[11:50 ] Monday’s episode features the founder of WeGoLook

[14:04 ] Can we get listeners in more countries than the U.S. has military bases in?

[16:40 ] Meet the Masters with Garrett Sutton in January

Ed Babtkis Guest Interview:

[18:50 ] We have had nationwide insurance available for 30 years

[19:50 ] Nuances to the nationwide real estate market make it a difficult product to offer

[21:05 ] The underwriting companies which serve our brokerage firm

[22:16 ] Nationwide programs are generally done on a blanket basis

[25:21 ] Deductible options and norms

[27:24 ] Getting the quote to the investor

[29:54 ] Our company is approved by major financiers

[31:20 ] Calculating insurance rates based on zip codes

[33:30 ] Cash value is the number one issue insurance companies have

[34:55 ] Replacement value is better coverage

[36:33 ] How are land contracts insured?

[39:12 ] Hard money lenders can place property coverage, but it costs a bit more

[40:00 ] Loss of Rent insurance

Mentions:

JasonHartman.com

Affinity Group Management

Code Red Book

We Go Look

Ross Diversified

Acceptance Indemnity

Cincinnati Insurance

Blackstone