Innovative Insurance
Advantage Media Group (Verlag)
978-1-64225-606-2 (ISBN)
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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?
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.
Acknowledgments
Disclaimer
Introduction
Chapter 1
Why Do We Even Have Insurance, Anyway?
Chapter 2
What Do I Really Need to Know?
In Case You Are Wondering: What Makes Insurance Rates Go Up, Anyway?
Chapter 3
What Kind of Coverage Do I Actually Need?
Chapter 4
How Can I Avoid Paying Too Much (or Not Enough) for the Right Coverage?
In Case You Are Wondering: Can Coinsurance Harm You?
Chapter 5
What Is the Right Property Deductible for Me?
Chapter 6
Why Should I Have Liability Insurance?
Chapter 7
What the H#!! Are Umbrellas?
Chapter 8
What Do You Mean by Coverage Gaps?
Chapter 9
What Else Haven’t You Told Me?
Conclusion Finally, Right?
What Makes NREIG Special?
What Every Broker Should Know (and Say)
Glossary
Erscheinungsdatum | 28.03.2023 |
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Verlagsort | Charleston |
Sprache | englisch |
Maße | 152 x 228 mm |
Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika |
Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre | |
ISBN-10 | 1-64225-606-4 / 1642256064 |
ISBN-13 | 978-1-64225-606-2 / 9781642256062 |
Zustand | Neuware |
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