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Nationwide Rental Property Insurance | PREI 029

Nationwide Rental Property Insurance | PREI 029

FromPassive Real Estate Investing


Nationwide Rental Property Insurance | PREI 029

FromPassive Real Estate Investing

ratings:
Length:
29 minutes
Released:
Dec 17, 2015
Format:
Podcast episode

Description

In this episode we continue our discussion about rental property insurance.  This is a supplement to the last episode on insurance.

Our guest is Ed Babtkis -- the founder of Ross Diversified Insurance Services.  They are licensed in 49 states and insure thousands of properties around the United States.  They’re property owners themselves, so they fully recognize the need for customized insurance for real estate investors.

One of the unique things about Ross Diversified is their ability to cover rental property insurance on a nationwide basis.

Ed Babtkis can be reached at www.RossDiv.com or call them at (800) 210-7677.

If you missed our last episode, be sure to listen to Rental Crisis in the US.

Enjoy the show!

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Nationwide Rental Property Insurance
Today's show is about property insurance. It's not like the last episode we had about property insurance. I wanted to bring on a new provider that I have found just recently that provides nationwide property insurance. They're one of the few, in fact I only know of two, that provide property insurance for investors on a nationwide basis. I thought I'd bring him on, not to rehash what we covered in a previous episode with someone else about property insurance, but to supplement that episode because this is another option. I wanted to get Ed's perspective on a few things related to coverages, replacement costs versus actual cash value, some gotchas, how the policy actually works. It's a short episode. I think you'll enjoy it and hopefully it'll just add to your knowledge about property insurance and what you should have, what you shouldn't have, and how much to cover.

It's my pleasure to welcome Ed Babtkis to the show. Ed is the founder of Ross Diversified Insurance Services. They are licensed in 49 states. They insure thousands of properties around the United States. They're property owners themselves so they fully recognize the need for customized insurance. Ed, welcome to the show.

Good afternoon and thank you. It's good to be here.

It's my pleasure having you on. You're located here in my backyard in Orange County, California. Correct?

We are. Our programs are nationwide but the office is homebased in Orange.

The reason I wanted to get you on the show is because you have a rather unique approach to insurance. You are one of only two nationwide insurance companies that I know of. The first one, there’s a little bit of some sketchiness that I'm watching right now in terms of how they perform and whether they pay on their policies or not. I've heard good things about your company and I'm surprised that I didn't know about you sooner because I've been doing this for over twelve years. I'm glad to have you on the show. I want to, in a good way, expose you and your services to our listeners and our clients. I figure I'd ask you some basic questions and get into your program.

There's lots of reasons why perhaps you haven't heard of us before. With the recent entrance of places like Blackstone and Colony taking the single-family dwelling business into a national spotlight, if you will, more insurance carriers have become a little bit more interested in getting involved in serving this community.

That's an interesting comment because this space, what a lot of people refer to as the "mom and pop" investment space where it's mostly just individual and smalltime investors that invest in real estate, it really is a fragmented industry. There really is very few, if any, true nationwide companies whether it be property management or insurance or construction or you name it.
Released:
Dec 17, 2015
Format:
Podcast episode

Titles in the series (100)

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