Jan 17 2025 30 mins 1
In this episode, Mike Del Prete, Executive Director of the Arizona Real Estate Investors Association (AZREIA), discusses crucial insurance updates for Arizona real estate investors. Special guest Derek Karchner from Gila Insurance shares insights on the current state of the insurance market, emphasizing the impact of rising premiums, underwriting challenges, and the difficulty of getting coverage in various regions, especially in Northern Arizona. Derek provides valuable advice on how real estate investors can navigate these changes, including tips for current landlords and those looking to invest. He also points out the importance of involving insurance experts early in the investment process to avoid costly issues.
Key Takeaways
01:07 Meet Derek Karchner from Gila Insurance
02:31 State of the Insurance Market
06:02 Impact of Wildfires on Insurance
07:31 Insurance Challenges in Northern Arizona
19:44 Advice for Real Estate Investors
28:26 How to Get in Touch with Hila Insurance
29:55 Conclusion and Final Thoughts
Connect with Derek Karchner
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