JF3442: The Truth About Insurance Costs in 2024, and How to Mitigate Them ft. Jeremy Goodrich
The Best Ever CRE Show
Best Ever CRE
4.8 • 983 Ratings
🗓️ 6 February 2024
⏱️ 33 minutes
🧾️ Download transcript
Summary
In this episode, Joe Cornwell interviews Jeremy Goodrich, as they discuss insurance and risk management in real estate investing. They highlight the importance of a holistic approach, common mistakes, and strategies to mitigate costs.
Key Takeaways:
- Holistic Insurance Understanding: Recognizing the importance of seeing insurance as part of a larger risk management strategy to protect investments.
- Avoiding Common Mistakes: Learning from typical oversights in risk management, such as inadequate safety practices and documentation.
- Cost Mitigation Strategies: Implementing methods to handle increasing insurance premiums, including the selection of higher deductibles and choosing the right insurance broker.
Jeremy Goodrich | Real Estate Background
- CEO of Shine Insurance
- Helps CRE acquisitions and asset management teams build and implement Risk management & insurance strategies
- Based in: Bloomington, IN
- Say hi to him at:
- Best Ever Book: Tribal Branding by Patrick Hanlon
Sponsors:
Transcript
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| 1:05.0 | Quick disclaimer, the views and opinions expressed in this podcast are provided for informational purposes only and should not be construed as an offer to buy or sell any securities or to make or |
| 1:15.6 | consider any investment or course of action. |
| 1:18.8 | For more information go to Best Ever Show.com. |
| 1:22.0 | Would you rather pay $100,000 in insurance premium for a policy that does nothing for you? |
| 1:27.6 | Or $110,000 in insurance premium for one that will actually take care of you? |
| 1:32.1 | Welcome to the best ever show, |
| 1:34.0 | the world's longest running daily commercial real estate podcast. |
| 1:37.0 | Our hosts interview commercial real estate experts every day |
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| 1:44.8 | Best ever listeners, welcome to the best real estate and best |
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