5. Who's Got Your Back? with Matt Sutika

Discover the incredible benefit of having your investment insured! In this episode, Matt Sutika from Obie insurance brokerage gives a fascinating, in-depth look at large multifamily apartment insurance and highlights the important protection it provides to investors.

LISTEN FOR THIS

• In order for insurance brokers to provide accurate quotes, there will be a lot of analysis and communication between all the parties involved during the acquisition phase of purchasing the apartment.
• It helps to have an insurance broker like Matt who understands the apartment buying process from start to finish and can speak the language. 
• The lender in an apartment deal hires consultants and their responsibility is to make sure the insurance meets the requirements of the lender. This is a good thing from an investor standpoint because this consultant is making sure the asset is covered correctly. 
• A benefit of using an insurance broker, as opposed to deal sponsors trying to source it themself is that you will have experts in the field dissect every line item and guarantee you are getting the right insurance for your specific property.
• Matt gives a brief overview of all the types of insurance that is needed. The general rule of thumb is having enough coverage to offset all your assets.
• The main takeaway from this episode is that your investment is insured.

QUOTES
“So the good thing, from the investor standpoint, is anytime you're dealing here, you have this consultant who is making sure this asset is covered correctly.”

“I'm sure at this point after your audience just heard “taxes and insurance,” they are just super excited of what we're gonna chat about today. But hopefully if they're listening to this, they'll understand that these are recession-proof necessary evil items, if you will. It's part of the overall deal and there are benefits to having some knowledge in these particular areas.”

ABOUT MATTHEW SUTIKA
Matthew Sutika is the Chief Insurance Officer for Obie, an insurtech startup that is leading the industry through tech integrations and broker partnerships to deliver a simple and transparent process for real estate investors to obtain insurance. Matt is an award-winning entrepreneur and business owner in the multifamily and insurance sector.

CONNECT WITH MATT
Website: obierisk.com
Email: [e-mail]
Find Matthew Suitika Facebook, Instagram, LinkedIn & Twitter

CONNECT WITH US
Learn more about passively investing in apartment buildings:
Website: hansenholdings.com
Free Webinar Training: hansenholdings.com/webinar
Schedule Call with Matt: Schedule Intro Call
Facebook, LinkedIn, Instagram