Ep 247 - Insuring Your Investments: Expert Tips from Steadily's Scott Brown

🎧 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. 📧✨

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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.
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