Understanding Multifamily Property Insurance - with Stuart Moore | TLS109

Stuart Moore is a leading expert in multifamily insurance and is a partner at Turner Wood and Smith Insurance. Stuart developed a niche for multifamily properties in 2016 and has insured a sizable schedule of apartments that span from Florida all the way to Wyoming. At Turner, Wood & Smith, he strives to meet the needs of each individual owner with a transparent and educational insurance process.

>>>Interested in partnering with me on future opportunities? Connect with me at CanovoCapital.com.

WE DISCUSS:

• How he got involved with multifamily real estate insurance. 
• How their business increased organically by referrals.
• What a new investor should know about insurance.
• He explained the factors that affect the cost of insurance.
• He explained the process of insurance after going under contract.
• The biggest impact that would affect the estimated coverage of insurance. 
• He explained the biggest issue they've encountered which is assault and battery coverage.
• What to consider and look out for when getting insurance policies. 
• What investors need to know when working with Scott in insuring their next acquisition. 
• The biggest mistake investors made which are related to insurance on their acquisitions.

KEY QUOTE:

"Get us involved early. There's just a lot of stuff that we've seen in an offering memorandum that can signal red flags of a potential loss in the past"

CONNECT WITH OUR GUEST:
https://www.twsinsurance.com/
stuart.moore@twsinsurance.com

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