Women Invest in Real Estate WIIRE 030: How to Protect Yourself with Landlord Insurance with Datha Santomieri
Hello friends! Welcome back to the WIIRE Podcast. This week we are super excited to welcome Datha Santomieri from Steadily insurance onto the show to share with us all things landlord insurance. Datha is one of the co-founders and head of insurance at Steadily, an insurance solution for landlords, and also REI investors themselves.
Datha has done a few flips of her own and one of her first flips was on a 7,000-square-foot property (what?!?) in Kansas. When she tried to get insurance on it during the renovation period it took dozens of phone calls and very few follow-ups to find an agent that knew how to correctly cover her property. It was such a clunky process and Datha knew the process could, and should be, much simpler. With her co-founders having similar experiences they knew it just didn't make any sense why it had to be so complicated to find insurance for investment properties. After a few years of frustration, they realized they were best positioned to solve the problem themselves.
Being an insurance person herself, Datha had spent her entire career in the insurance industry, building programs and rolling out technology and operations to support them. Steadily’s customers love them because they have taken the friction out of something that didn’t need to be complicated in the first place.
In this episode, Datha is sharing:
- Intel between the different types of policies and properties
- How to make sure your property is covered, correctly
- What vacant property insurance means
- Cash value vs replacement value of a property
- The benefits and how you can best use Steadily
For more info about Steadily and find out how they can support your REI properties, head to their website to learn more!
Thanks for tuning in, we’ll catch you in the next episode!
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