Welcome back to another exciting episode of Passive Income Pilots! This week, Tait and Ryan talk with Jules Sneddon and Trevor Moss from the National Real Estate Insurance Group to explore everything you need to know about insuring your real estate investments. From protecting against storm damage to navigating the rising insurance costs in high-risk areas like Florida, Jules and Trevor break down the essentials. They share expert tips on choosing the right coverage, avoiding common pitfalls, and how to vet a reliable insurance carrier.
Jules Sneddon is the Executive Vice President of Sales and Marketing at National Real Estate Insurance Group, with over 32 years of experience in the insurance industry. She is also a licensed real estate agent and soon-to-be broker. Jules is known for her expertise in helping real estate investors navigate complex insurance needs, ensuring they have the right portfolio coverage.
Trevor Moss, the Director of Program Sales with 3.5 years at NREIG, is dedicated to ensuring investors are fully protected and educated about their insurance options.
🤝 Meet us in person on November 11th in Atlanta, GA. Space is limited, so be sure to RSVP: https://bit.ly/PassiveIncomePilotsATL112024.
Show notes:
(0:00) Intro
(5:20) Why flood insurance is crucial in storm-prone areas
(7:33) Impact of hurricanes on the insurance industry
(10:28) How to vet a reliable insurance carrier
(13:21) Red flags in property insurance policies
(17:19) What is the National Real Estate Insurance Group?
(19:35) Pros and cons of umbrella policies
(26:30) Evaluating risk vs. reward in Florida property insurance
(33:36) Choosing a higher deductible for a lower insurance cost
(36:55) Up and coming in the real estate industry
(41:10) Importance of documenting contents in rental properties
(43:45) Business interruption and loss of rents insurance explained
(46:31) Unusual claims and lessons learned
(50:41) How to contact National Real Estate Insurance Group
(51:22) Outro
Check A.M. Best for insurance company ratings: https://web.ambest.com/home
Connect with Jules and Trevor:
Visit the NREIG website today: http://affiliate.nreig.com/PassiveIncomePilots
Phone: 888-741-8454
Email: [email protected] (Trevor Moss)
—
You've found the number one resource for financial education for aviators! Please consider leaving a rating and sharing this podcast with your colleagues in the aviation community, as it can serve as a valuable resource for all those involved in the industry.
Remember to subscribe for more insights at PassiveIncomePilots.com! https://passiveincomepilots.com/
Join our growing community on Facebook: https://www.facebook.com/groups/passivepilots
Check us out on Instagram @PassiveIncomePilots: https://www.instagram.com/passiveincomepilots/
Follow us on X @IncomePilots: https://twitter.com/IncomePilots
Get our updates on LinkedIn: https://www.linkedin.com/company/passive-income-pilots/
Have questions or want to discuss this episode? Contact us at [email protected]
See you on the next one!
*Legal Disclaimer*
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.
