Innovative Insurance: How to Lower Your Risk and Build a More Successful Real Estate Investment Business - Softcover

Woedl, Shawn

Softcover

ISBN 10: 1642256064 ISBN 13: 9781642256062

Verlag: Advantage Media Group, 2023

Inhaltsangabe

Have you noticed that fix - and flip television shows seem to be on every television in America lately? They’re on at banks, hotel lobbies, airports, and even buses. And why have they risen so dramatically in popularity over the last few years? Television has made real estate investing seem like the easiest way to make money. If you can swing a hammer, you can flip a house. Right?

Well, it probably goes without saying that it’s a lot more complicated than that. Truth is, most real estate investors fail the first time out. Think about it. If every fix-and-flip project went smoothly, it wouldn’t make for very interesting television. These investments fail for various reasons, of course, but a substantial portion of them fail when things inevitably go haywire, and the investor is not able to financially recover from the loss.

This is the book that every real estate investor wishes they had read before they bought that insurance policy that didn’t cover their property adequately. It is the book that could have saved hundreds, thousands, and even millions of dollars for property owners when they were sued for something they didn’t realize they could be sued for. It is also the book that those television shows don’t tell you about because insurance isn’t sexy enough for TV.

But “Innovative Insurance” is full of tips, hints, and practical advice that can save you stress and allow you to sleep well at night. Whether you own a hundred rental properties and just need to tweak your policy to make it suit your portfolio best, or you recently inherited your grandparents 1940’s cottage, you will find information that can help you navigate the ever-shifting sands of insurance.

Topics include:

• Why we have insurance and what it’s supposed to do
• Types of insurance forms
• Difference between soft and hard markets
• Common types of investors and investing goals
• Appetite for risk
• Lender requirements and hints for success
• Factors that affect insurance rates
• Common terms such as ACV, RC, coinsurance, umbrellas
• Factors that affect your property deductible choice
• Exclusions and gaps
• Liability
• Special circumstances that affect insurability

The goal of this book is to arm readers with the knowledge they need to ask the right questions, make the right decisions, and cover their assets in the best possible way for their unique situation and goals. Sure, maybe insurance isn’t sexy, but being made whole after a catastrophe or avoiding a million-dollar lawsuit certainly has its appeal. Wouldn’t you agree?

Über diesen Titel

Über die Autorin bzw. den Autor

SHAWN WOEDL is the CEO of National Real Estate Insurance Group (NREIG) and REInsurePro, both unique, investor-oriented brands. He is an industry-recognized speaker, educator, and author with an emphasis in commercial property insurance and liability. Prior to committing to growing NREIG into the largest and most profitable program in the country, Shawn spent seven years with CORE Insurance Group, specializing in large habitational risks nationwide.

Von der hinteren Coverseite

ALL THE INFORMATION YOU NEED TO MAKE BETTER-INFORMED INSURANCE DECISIONS TO PROTECT YOUR REAL ESTATE INVESTMENT PORTFOLIO

If reading the word “insurance” is as soothing to you as watching someone chew Styrofoam, don’t walk away. Trust me, this is the book for you.

Shawn Woedl’s sharp wit and good nature shines as he shares the practical (and sometimes comical) side of insuring real estate investments. Whether you own a portfolio of thousands of properties or are merely toying with the idea of getting a little place to fix up and rent out, getting the right insurance is crucial.

But how does an investor know when they have the right policy for their specific circumstances?

This deeply helpful book provides the information you actually want (and need) to know about how to ensure adequate coverage for your assets, according to your investment goals. Lighthearted, historical, and philosophical, Woedl has a genuine desire to help people avoid the common (and not so common) traps and missteps investors fall into when choosing an insurance plan. Whether you want to finally figure out what the word “subrogation” means, you want to control costs without putting yourself at risk, or you want to learn what questions to ask a new insurance broker, Innovative Insurance can help.

Details zur Ausgabe

• Verlag: Advantage Media Group
• Erscheinungsdatum: 2023
• Sprache: Englisch
• ISBN 10: 1642256064
• ISBN 13: 9781642256062
• Einband: Taschenbuch
• Anzahl der Seiten: 226
• Kontakt zum Hersteller: Manufactured by Amazon on behalf of the author; https://www.amazon.de/hz/contact-us; ; c/o Amazon Media EU S.à.r.l., 38 Avenue John F. Kennedy; Luxembourg; L-1855; Luxemburg