Introduction

Christian and Darren join the Real Estate Rookie Podcast to share their insights on rental insurance, including the need for liability protection, price shopping, and understanding the different parts of an insurance policy.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Your rental property is at risk. Maybe not now, but in the near future, you could face property damage, the need to rebuild, or an angry tenant/guest filing a lawsuit against you. What do you do? Don’t get too sweaty; this is why you have landlord insurance! The problem? Most landlords have coverage that BARELY protects their properties when something goes wrong, leaving their entire portfolio vulnerable just to save a few dollars. This is a HUGE mistake and could cost you far more than you know.

To help demystify the world of rental property insurance, we brought on Christian Bachelder from The One Brokerage and Darren Pettyjohn, co-founder of Proper Insurance. Together, these two policy powerhouses discuss the BEST ways to protect your properties, the unknown risks that so many rental property investors aren’t aware of, and the common mistakes rookies make when choosing a rental property insurance policy.

But that’s not all. Christian and Darren will give you the exact questions to ask your insurance agent/broker, uncover why umbrella policies are a MUST in this business, and explain why big insurers are leaving high-risk states like California and Florida. This discussion could save you hundreds of thousands, if not MILLIONS when something goes wrong at your property!

In This Episode We Cover

The most common mistakes rookies make when getting landlord insurance

CRUCIAL questions to ask your agent BEFORE you buy a policy

Umbrella insurance vs. LLC protection and which is a better bet for investors

The three most important parts of your insurance quote and numbers to pay attention to

Short-term rental property insurance and why AirCover just won’t cut it

Renters insurance and the unbelievably cheap protection it provides tenants

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley's BiggerPockets Profile