EPISODE 028: Investment Property Insurance with Kathy Powell, State Farm
Categories: Strategy & Tips
Description & Show Notes: In this Episode, I'm going to talk to the woman whose office has handled all of my insurance for the last several years: Kathy Powell of State Farm in Auburn. I've had some small water leaks and some massive water leaks - the kind where ceilings have caved in! And who has gotten me through all those? State Farm. So I decided to bring in Kathy to answer some common questions I get about Insurance on Investment Properties, like houses and condos, but also things like Umbrella policies and we'll even talk about how life insurance can help you get a deal funded.
Rental Property Owner's Insurance: The differences between this and regular insurance
Considerations for Insurance on a place you just bought (empty with rehab coming shortly)
Renters Insurance: What it covers, costs / why to recommend it or even require it
Condo insurance: Unit owner policy vs Master Policy
Vehicle insurance for showing properties or pulling a UHaul trailer (emptying a place out after buying it / hauling away landscaping debris)
Umbrella or other Liability Insurance
Borrowing against your whole life policy to come up with down payment funds?
Term life to pay off a property or pay off investors (low tech version of "key man" insurance)