🎧 Welcome to another episode of the Rent To Retirement Podcast with your hosts Adam Schroeder and Zach Lemaster! Today, we're joined by Scott Brown, the Partnership Manager at Steadily Insurance, to dive deep into the world of landlord insurance. Whether you're a seasoned investor or just starting, this episode is packed with valuable insights to protect your investments. 🏠💼
Key Points:
00:00 - Introduction to the Episode and Guest
00:28 - Importance of Insurance for Property Investors
01:13 - Differences Between Homeowners Insurance and Landlord Insurance
03:50 - Why 10-20% of Landlords Have Homeowners Insurance Instead of Landlord Insurance
05:30 - Risks of Not Having Proper Landlord Insurance
08:30 - Essential Coverages: Liability, Dwelling Insurance, and More
10:50 - Actual Cash Value vs. Replacement Cost Value Explained
13:50 - The Impact of Filing Claims on Your Insurance Policy
15:25 - States with Challenging Insurance Markets: Florida, California, Texas, and Louisiana
20:30 - How to Use Steadily’s Online Platform for Quick Quotes
23:00 - Importance of High Deductibles for Lower Premiums
Insurance might not be the most exciting topic, but it's crucial for safeguarding your real estate investments. Ensure you have the right coverage to avoid costly surprises. 🚀
If you have any questions or need more information, visit RentToRetirement.com and explore our properties. Don’t forget to subscribe, like, and hit the notification bell to stay updated with our latest episodes. 📧✨
Subscribe here: https://www.youtube.com/channel/UC_h1lnz1kM75Gj79VV8QtEg With the many options available for a real estate investor, some people gravitate towards single family homes, some to multifamily, and some go the route of buying raw land. Join our Newsletter Email List (submit information at the top right corner of the webpage): https://renttoretirement.com Have questions? Please send them to podcast@renttoretirement.com and hear them answered in a future episode! Schedule a Consultation at https://landing.renttoretirement.com/gm-calendar?submissionGuid=62df2bdd-79a2-445c-884b-798daf9e88a9
#RealEstateInvesting #LandlordInsurance #PropertyProtection #SteadilyInsurance #RentToRetirement #InvestmentTips #InsuranceInsights #PropertyInvestors #Insurance101 #RentalProperty #RealEstatePodcast #FinancialSecurity #InsuranceGuide
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