Episode 028: Investment Property Insurance with Kathy Powell, State Farm

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. 

Basic Topics:

Rental Property Owner's Insurance: The differences between this and regular homeowner's insuranceConsiderations for Insurance on a place you just bought (an empty house with a rehab coming shortly)Renters Insurance: What it covers, costs / why recommend it or even require itCondo insurance: Unit owner policy vs Master PolicyVehicle 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

Advanced Topics:

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)

Links from this episode:​​

Work with MeMy Insurance Provider: Kathy Powell, State Farm (in Auburn)Real Estate Brokerage Services: AuburnInvestmentProperties.comReal Estate Investor Coaching: BetterREI.comWebsites & Branding: EasyLandlordWebsites.com