#118: Covering All Your Bases With Property Insurance w/ Todd O’Donnell
On this week’s show Gary chats with Todd O’Donnell from Desjardins Insurance. Gary has most of his insurance needs covered by Todd and his team - car, home, investment properties and yet this was the first time they had met face to face! They touched on replacement cost vs. Resale prices; whether you *need* home insurance in Canada, and many more things!
WHAT YOU’LL LEARN:
- Replacement costs vs. Resale prices, why the difference?
- What to do when tenants leave with your insurance to make sure you’re covered
- Do you need to let your insurer know if you go from single family to multi unit?
- What to do if you are in the middle or about to start a renovation
- Do your rates go up with making claims?
- Umbrella insurance, what it is and how you use it
- Flood protection and premiums
- Content insurance for tenants, can you demand it or force them to have it
- Cottage insurance and coverages
- Do you *need* home insurance in Canada, and the answer may surprise you!
- Why you should drive by your property every month, and enter the property every 3 months
- Mindset of being an entrepreneur
- And MORE!
Todd’s Bio
With two offices in Ontario, Todd and his team of 12 have over 60 years of combined experience in the insurance industry. His offices offer home, auto, investment property, business and life and health insurance products.
Todd lives in Kitchener and is supported by his amazing wife Tara and two teenage boys, Ryan & Cole.
Website/contact info for guest
Facebook: https://www.facebook.com/InsuranceTodd
Instagram: https://www.instagram.com/insurance_todd/
Resources:
This episode proudly sponsored by Deep Pockets - https://deep-pockets.ca
If you’re look to borrow or invest funds, Deep Pockets should be at the top of your list. It is a preferred choice for secure lending, and as a borrower you have the option of flexible terms and repayment plans, as Deep Pockets has flexible credit criteria and income approvals.
As an investor, YOU GET TO BE THE BANK, using your cash, your RRSPs, LIRAs or even TFSAs. Earn maximum returns with NO out of pocket expenses.
To find out more, visit the website or email hello@deep-pockets.ca
Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from!
Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
To learn more about Gary’s mentorship program, visit https://garyhibbert.ca
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Charlie Kirk Show
Charlie is America's hardest working grassroots activist who has your inside scoop on the biggest news of the day and what's really going on behind the headlines. The founder of Turning Point USA and one of social media's most engaged personalities, Charlie is on the front lines of America’s culture war, mobilizing hundreds of thousands of students on over 3,500 college and high school campuses across the country, bringing you your daily dose of clarity in a sea of chaos all from his signature no-holds-barred, unapologetically conservative, freedom-loving point of view. You can also watch Charlie Kirk on Salem News Channel