Virtual Lunch & Learn - Understanding Insurance & Claims Process

[Anthony Chara]

Come network with investors Nationwide! After our guests are done teaching and taking your questions, we'll open up the lines so you can network coast to coast. Bring your RE Investing questions, deals or services you offer and be prepared to introduce yourself in the 2nd hour.

Most property owners will experience an insurance claim at some point.

As a property owner or someone participating in an ownership group, regardless of whether you hire an expert or not, once you know the basics, some common failures, some tips, once you peek behind the curtain, much of what you thought you knew about buying and choosing insurance, whether to make a property claim, what to expect when you do, who is or is not on your side, who are the experts, and even how you view maintaining property, will likely change. Armed with knowledge, property owners understand their risks better and make better decisions for their specific property situations. Better decisions raise the odds of successful outcomes significantly. Insurance pitfalls are plentiful and the pain they can cause is immense. Unless you plan on devoting the rest of your life to insurance, law, and construction, you're better off hiring the experts.

Before - Have you ever wondered if you have the right insurance coverage on your properties? Are you overpaying for too much coverage? Do you have inadequate coverage? Are you sure you're covered for things that you truly need like lost rents, full replacement cost or even Ordinance and Law (whatever the heck that is)? Most people find out the answers to these questions the hard way. Don't find out after something happens to your property. Be prepared before you have to make a claim.

After - Another issue that some of my students have had challenges with is making sure the insurance company 'fixes' the property to the correct standards and does so quickly. Did you know the insurance company's adjuster or even an 'independent' adjuster represent the insurance company and not you, they insured? Should you hire a 'Public Adjuster' and when to assist you?

You have questions, we have answers. Join me during this month's Virtual Luncheon to learn what you need to know before you need to know it. I'll be interviewing a Public Adjuster/Insurance Agent, Philip Weber, with Claim Animalz and attorney Christopher M. Drake with Smith, Jadin & Johnson. Both bring decades of experience to the table so mark your calendar now and join us so you can have your questions answered live.

Remember, after we finish up with our guest experts you'll have a chance to introduce yourself and network with attendees nationwide. Be on to get more deals done!