APIA is an investor friendly
insurance company owned and operated by Gloria Kelley in
Castroville, TX. Gloria has over 42 years experience in the
insurance industry and services a niche market-unoccupied, vacant,
or "distressed" properties. She got her start providing insurance
for large financial institution's Real Estate Owned (REO)
portfolios and has been employed by various large insurance
companies over the course of her career.  She has experienced all types
of claims in her ever-growing knowledge in the insurance
world.
 
Gloria shared some great tips and
gotchas that all real estate investors need to be aware of when it
comes to insuring vacant houses.  As investors, we have a lot
going on and can sometimes make decisions without knowing all the
facts.
 
I’m willing to bet that 90% of real
estate investors don’t properly insure their investment
properties.
 
In this episode we talk about the
importance of understanding insurance policy vacancy
clauses.  This is a
super important clause because it can basically allow insurance
companies to deny claims.
 
Another important topic we cover is
what happens when you under insure a property.  I know most investors do this
as well.  It’s
important to understand the ramifications when you don’t put a
proper insured value on your vacant real estate
investments.
 
They currently service investors all
over the U.S. We build strong relationships with clients because of
our customer service, competitive pricing, responsiveness, and
flexibility to meet the unique demands of investors. They offer the
investor the opportunity to pay insurance in arrears. This is
especially important since you know investors are cash /cash flow
focused. Most insurance providers require insurance 3 months in
advance and you probably won't get a refund of the premium if you
do not use it all. With them you pay for what you use after the
fact-not beforehand.
 
 
Their policies is underwritten by
Lloyd's of London.