This eve Quick vital Insurance Do's and Don't's, Deal Calculator

[Mike Hurney]

Good morning,

I look forward to see you this evening

Important Insurance info! Deal Calculator & Haves & Wants.

Mike Hurney is inviting you to a scheduled Zoom meeting.

Topic: Networking, Deal Calculator & THE Correct Insurance - Monthly MA/NH meeting

Time: Tuesday, Dec 28, 2021 06:30 PM Eastern Time (US and Canada)

Join Zoom Meeting

Meeting ID: 880 2894 2843

Passcode: 007361

Once a year I try to consolidate all my Property insurance for updated quotes. This seems to pay off sometimes.

First, the “Dec” pages are the Summaries of coverage i.e. Deductible $250. Personal Liability $200,000. Which I was able to change to $1000. Deductible and $1,000,000. Personal Liability, For the SAME premium price!

Next, I remove the amount I’m paying when I send these out for a quote, so the agent doesn’t Low-ball us for the first year.

However

We’ve been disappointed the last few times:

Even more recently Matt read the polices wrong trying to disparage a current carrier.

Thomas was higher for all properties but he did encourage us to get a policy on vacant land.

Salem savings was higher on all properties but said they could cover almost all of them, being a single source:-0

Liberty Mutual redlined everything in Marblehead because of the Harvard study on eminent Hurricanes (flood zone:-(

MetLife will only cover an Owner Occupied and 4 others.

So

When I read a strategy some of my friends have (not Self-Insurance) but a Commercial policy, I thought it may be time to review that option.

This evening, December 28, 2021 6:30 -9pm Jim will have an analysis of that Commercial option with my coverage. Making sure we've got ”Rental Reimbursement” which our buddy Steve said, saved him over $90,000. in reimbursement not too long ago!

& a Review for Contractors Insurance:

What coverage do you have?
Do you use a Standard Contract? Which is enforceable?

We’re ALL very busy, so you may want to take a few minutes for THIS short review, This evening.

Also

There are 4 ways I’ve used to quickly analyze properties to Purchase. I’ll review those AND John’s Deal Analyzer which is in our Members section of MassRealEstate.net

Very Often folks ask me for a "Hard Money" Lender to finance one of their "Killer" Deals. When I send them to a members website and they input their data, the Lender calls and tells them: "NO, I can't Lend on that!"

Then they ask me for another Lender and another Lender. Completely missing the Point!

Wouldn't you like to know in 5 minutes, Upfront, whether You have a Killer Deal and whether you could Finance it?

John will go through his easy to use Deal Analyzer with us, so you'll know the answers to those 2 important questions on this Zoom call

Finally

Haves and Wants, There are always moving parts in any deal. Sometimes we Underestimate them, Some times we Overestimate them. This’ll be your chance to share either, with your fellow Investors/Landlords/Contractors!

I look forward to see you on Zoom, this evening.

Mike Hurney, Director MassRealEstate.net & NewHampshireREIA.org PO Box 307, Marblehead, MA 01945

PS Glad we took Housing Court Judge Tim Sullivan’s advice for checking on a Tenant!

PPS All you Members of the Military, Veterans & Spouses, have you filled out the new HomeDepot.com/military/ form for your 10% discount? Pain in the butt but it’s a Must-Have starting 1/1/2022