Episode 185 - NOT AN EXPERT ON APARTMENT INSURANCE? Jeff King explains the BASICS on what you need to know.
/Protecting your asset is critical in your success. You must have insurance to cover POTENTIAL problems.
Jeff King has been advising apartment owners on insurance matters for over 35 years. Ramey King Insurance was established in 1881. He “knows a thing or two, because he has seen a thing or two.”
Jeff discusses several topics: 1) What items do you need to get insurance quoted? 2) What coverages are necessary for the lender? 3) How much is the typical deductible? 4) What happens when you have a claim and how long before I get paid? 5) What is a master-insurance policy? How does that work?
6) Should you require a tenant to have ‘renters insurance?’
To get in contact with Jeff King: RameyKing.com or info@rameyking.com
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory LLC.