#90: How Much Landlord Insurance Do I Need?
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 12 December 2019
⏱️ 15 minutes
🧾️ Download transcript
Summary
Episode #90 - Landlord insurance covers you if your rental property experiences a major financial loss, like from a fire or major, a major water leak, or a lawsuit. But how much coverage do you actually need? And what does a landlord policy actually cover (and what does it NOT cover)?
And how do you get past the emotional fear-based sales pitches to the essence of what you actually need as a real estate investor?
To answer those questions and more, Chad (aka Coach) shares his experience and best ideas from 17+ years as a landlord who has bought insurance.
If you want to support the show, here are some easy ways:
1) Leave an iTunes review: https://coachcarson.com/itunes
2) Subscribe to my email newsletter at https://www.coachcarson.com/newsletter/
3) Most importantly, find your friends, coworkers, and family members who may be open to this message and tell them about the podcast! Here's to doing what matters!
Transcript
Click on a timestamp to play from that location
| 0:00.0 | How much landlord insurance, also known as rental property insurance, do you actually need? |
| 0:05.5 | That's the question we're going to tackle on this edition of Ask Coach, and we're getting |
| 0:08.3 | started right now. |
| 0:17.0 | Welcome to this edition of Ask Coach. |
| 0:19.1 | My name is Chad Carson. |
| 0:20.4 | You can also call me Coach, |
| 0:21.7 | and this is a show all about investing in real estate, achieving financial independence, |
| 0:26.2 | and doing more of what matters. If you're new here, be sure to hit that subscribe button so you don't |
| 0:30.8 | miss anything. I'm going to get into the details of landlord insurance and specifically how much |
| 0:35.6 | we need, but I want to start off talking about why we need |
| 0:39.4 | insurance in the first place. And really from the point of view of an investor, of an entrepreneur, |
| 0:44.4 | what insurance really does for us? What's the purpose? And the thing to remember is that insurance |
| 0:49.4 | is just there to protect you against a financial loss that you cannot afford. |
| 0:55.0 | It's just basically a business decision. |
| 0:58.0 | So if you're a brand new investor and you have limited capital, the beautiful thing about insurance |
| 1:02.0 | is it protects you from a calamity, from some issue, from some financial costs that would put you under. |
| 1:08.0 | It would put you out of business. |
| 1:10.0 | So can you imagine borrowing |
| 1:11.1 | $150,000 on a mortgage? And the mortgage company is saying, hey, you have to pay this back no matter |
| 1:15.9 | what, even if a fire burns down the house. And you would be out $150,000. So it's a very valuable |
| 1:21.5 | tool. But the key to remember is it's just a business decision to get insurance. |
| 1:28.3 | A lot of the insurance sales industry is sold with a fear of loss and you get emotional about it. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Chad Carson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Chad Carson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.