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Straight Up Chicago Investor Podcast Episode 191: Understanding Your Insurance Premium and Potential Money Saving Credits

Mark Ainley - Friday, March 3, 2023

Are you overwhelmed when you look at your rental property insurance premium? Do you have difficulty understanding what the costs are associated with? If so, you’re not alone. Many people struggle to comprehend the various components of their insurance premium. In this blog post, we’ll explore your insurance premium, so you can better understand what goes into your premium and what you should be looking out for as an investor.

Josh Staigelman of State Farm Insurance helps you understand it.

When it comes to the insurance premium, Josh suggests that investors pay close attention to the “fine print” in order to determine what is covered and what is not. It’s important to read through the entire policy so you know exactly what you are getting. Knowing what is and isn’t covered can help you decide if it’s a good investment for you or not.


Questions We Answer In this Show:

Q.What does homeowners insurance cover?

  1. The ability to repair or replace your home is foremost in homeowners coverage. But it also covers the items you value that aren’t permanently attached to your home or your property..

Guest Info

  • Guest Name:Josh Steigelmann

  • Guest Company: State Farm Insurance

  • Guest Link: https://www.statefarm.com/

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Author

post.authorName
Mark Ainley
Investor, Managing Broker, and Property Manager
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased...
Price is what you pay, Value is what you get! I want to provide value to others and make some money along the way. I have a solid foundation in Chicago real estate because I am a Real Estate investor in both Residential and Commercial/Industrial markets while being a founding partner at GC Realty & Development LLC and co-host of Straight Up Chicago Investor Podcast. In the last 20 years we renovated 500+ properties, invested in commercial properties, managed over 7000 units/tenants, leased over 4,000 properties, featured on CNBC’s TV show The Deed, co-host on Chicago's AM560 Real Estate Revealed Radio Show, and invited to speak & sit on panels at numerous investment summits across the country. I have also been blessed with the opportunity to be a guest on over 30 top podcast platforms. GC Realty & Development, LLC, currently manages over 1,200 investment properties throughout the Chicagoland area. In 2019, 2020, 2020 and 2022, GCR&D was featured on the Inc. Magazine list of top 5,000 fastest growing companies in the United States. I take great pride in providing valued feedback to beginners and less experienced entrepreneurs on what steps not to take or what steps to take sooner in growing a younger business.
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