How do you find insurance coverage that fits your needs—no over-coverage, no under-overage, just the right coverage?
Cody Sperber here, and while I’m no insurance expert, I do know that insurance is important. Enter a critical member of your Power Team: your insurance agent.
Like a Policeman
Your investor-friendly insurance agent is a little bit like a policeman. Until you need one, you may play down their importance. When you need a good agent, they’re extremely important and it seems you always need them in a hurry.
So don’t shortcut the selection process for this member of your team.
The best-case scenario would be to have an agent who is also a real estate investor. That way they’ll be more in tune with your needs. You’ll need an agent who can offer same-day service. This agent will be able to write policies for both vacant and rental properties.
Ideally, your agent will invest the time to educate you on the different…
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).