Wealthy Way This Insurance Mistake Could Cost Real Estate Investors BIG!
Aug 29, 2025
Chad Robinson, a multi-state licensed lawyer specializing in insurance claims for real estate investors, shares critical insights about navigating the tricky insurance landscape. He emphasizes the importance of understanding policy details and not rushing to accept initial offers from insurers. The discussion also highlights the rising insurance premiums in disaster-prone areas, the need for expert assistance, and the risks of unconventional tax strategies. With a unique perspective as a public sports announcer, Chad adds a fresh twist to these serious topics.
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Actual Cash Value vs Replacement
- Insurance upfront payments are usually Actual Cash Value, not full replacement cost.
- Insurers subtract depreciation using internal actuarial tables, often paying far less than expected.
Assemble A Claim Team Early
- Build a team: hire public adjusters, engineers, and a lawyer for complex or large claims.
- Use contingency-fee lawyers for bigger matters so you avoid upfront legal costs.
Don't Take The First Offer
- Never accept the first offer from the insurer without checking contractor estimates.
- Focus claims on actual repair costs with contractor invoices, not quick negotiated settlements.