Analyzing coverage options 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:
[1:44] The simplicity of one insurance provider for properties nationwide
[2:27] We have had nationwide insurance available for 30 years
[3:24] Nuances to the nationwide real estate market make it a difficult product to offer
[4:42] The underwriting companies which serve our brokerage firm
[5:52] Nationwide programs are generally done on a blanket basis
[8:57] Deductible options from one insurance company
[11:01] Getting the quote to the investor
[13:30] Our company is approved by major financiers
[15:00] Calculating insurance rates based on zip codes
[16:55] Cash value is the number one issue insurance companies have
[20:13] How are land contracts insured?
[22:51] Hard money lenders can place property coverage, but it costs a bit more
[23:38] Loss of Rent insurance
Mentions:
Tweetables:
“Do you know the difference between cash value and replacement value when it applies to insurance?”
“Fragmentation of the real estate industry gives us an opportunity and keeps the big guys out.”