You buy insurance policies with the hope that you won’t ever have to use them. In case you have to use a policy, you hope that every loss and damage will be covered. It’s true that insurance is a good safety net that can protect your hard-earned money in real estate--only if you fully understand what you signed up for.
Insurance agents like Jeremy Goodrich know a good policy when they find one. Most of the time though they find terrible policies, those that will not really protect the investors’ properties, or worse, force them to pay an insane amount they don’t expect. Jeremy found out that many real estate investors--80% to be specific--own those terrible policies. He’s using his knowledge and platform to educate real estate investors about insurance policies that cover everything they need.
[00:01 - 02:23] Opening Segment
[02:24 - 08:30] $34K Out-of-Pocket Cost
[08:31 - 14:16] The Right Insurance Agent
[14:17 - 20:48] Expensive Insurance Coverage
[20:49 - 22:01] Closing Segment
Tweetable Quotes:
“The bottom line is: ‘Where’s the best price for the coverage that I actually want, that I actually need, that I actually feel will take care of me?’” - Jeremy Goodrich
“You just can’t think about insurance as insuring what you paid for in a property.” - Jeremy Goodrich
You can connect with Jeremy by emailing jeremy@shineinsurance.com or get in touch with him on LinkedIn. Check out Shine Insurance to learn more about their work.
Do you belong to the 80% of commercial real estate investors with insurance that will fail to protect your properties? Find out here.
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