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Why Landlord Insurance Is Vital for Real Estate Investors
Manage episode 415920135 series 2860927
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Have you ever been caught off guard by the fine print in an insurance policy? Clint Coons, Esq. and Shawn Woedl of National Real Estate Insurance Group uncover the often overlooked details of property insurance that could spell disaster or salvation for your investment portfolio. We dig into the labyrinth of insuring your LLCs and land trusts, as we scrutinize landlord insurance and why it's a whole different ballgame from your typical homeowner's policy. From accidents on vacant lots, fentanyl-related incidents, dog bites, and even snakes in the rafters, Shawn's expertise sheds light on some wild scenarios where the tailored solutions offered by National Real Estate Insurance Group will have you covered.
Shawn Woedl is the President of National Real Estate Insurance Group. He is an industry-recognized speaker and educator with an emphasis on Commercial Property and Premises Liability. He brings over 12 years of professional and personal experience in real estate, business, and insurance to NREIG’s unique, investor-oriented brand.
Highlights/Topics:- How is landlord insurance different than a homeowner policy?
- Some common policy exclusions you may not know about
- Fentanyl-related claims, toxic mold may be excluded
- Dog bite coverages, breed exclusions, snakes in the rafters!
- Injuries/coverage on vacant land lots
- Beyond primary liability - umbrellas and additional liability coverage
- Coverage for LLCs and land trusts
- “Subject to” property transactions
- Don’t go in ‘blind’ - do your due diligence, or have NREIG do it for you!
- Request a coverage estimate from NREIG with the link below
Resources:
Request a coverage proposal NREIG
https://affiliate.nreig.com/Anderson
https://www.linkedin.com/in/shawnwoedl/
Tax and Asset Protection Events
https://andersonadvisors.com/real-estate-asset-protection-workshop-training/?utm_source=aba&utm_medium=podcast&utm_content=why-landlord-insurance-is-vital-for-real-estate-investors
https://andersonadvisors.com/
https://andersonadvisors.com/podcast/
https://www.youtube.com/channel/UC5GX-U6VbvMkhSM1ONBiW8w
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