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Warning - Insurable Risks When Investing in Real Estate
Manage episode 392322070 series 3409638
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Warning - Insurable Risks When Investing in Real Estate
Life has risks. Real estate investing in Arden-Arcade adds some additional risks.
Some of these risks can be shifted from your responsibility to the responsibility of a third party for a fee.
This is often described as insurance. You choose to pay someone else to take on a risk you don't want to take on yourself.
In this mini-class, James will go over a variety of insurable risks that real estate investors experience and how to mitigate or eliminate them.
Check out the video from this class here:
Warning - Insurable Risks When Investing in Real Estate - Video
In this class, James discusses:
- A George S Patton quote about fear, risks and making decisions.
- The Risk Matrix
- What is insurance?
- Insurable risks
- The most common insurable risks: fire, lightning, hail, theft, vandalism, personal injury, and liability
- Some less commonly insurable risks: loss of income, flood, earthquake, hurricane, tornado, meth, and rent guarantee
- The considerations of deductible size
- Plus much more...
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