BiggerPockets Daily The Best Ways to Protect Your Property From Natural Disasters
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May 3, 2025 Natural disasters pose serious threats to investment properties, making a proactive disaster preparedness plan essential. Personal anecdotes highlight the need to safeguard assets and tenant safety. Comprehensive insurance coverage is crucial, extending beyond standard policies to include specialized options. Listeners will discover strategic property upgrades and emergency planning steps that help mitigate risks and protect their investments.
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Disaster Plans Are Universally Necessary
- Every region has its specific natural disaster risks, making a disaster plan essential for investors.
- Even areas deemed safe can face unexpected severe weather events causing substantial damage.
Tyler's Insurance Experience
- Tyler shared his personal experience with insufficient insurance coverage during the 2021 Texas deep freeze.
- He highlighted the importance of proper insurance by contrasting 2021 with his improved coverage in 2025.
Secure Specialized Insurance Coverage
- Standard landlord insurance policies often exclude disasters like floods, earthquakes, and hurricanes.
- Investors should get specialized coverage, including flood, earth movement, and named storm insurance.