Understanding the Scope & Impact of Rising Insurance Costs for Passive Multifamily Investors with Calvin Roberts, ep. 322

Published: Oct. 25, 2023, 8 a.m.

b"Navigating the multifamily investment landscape? As a passive investor, it's crucial to understand how rising insurance costs can impact your returns. In this episode of Ready2Scale, join Calvin Roberts as we delve into the nuances of insurance costs and their implications for passive multifamily investors.\\n\\nKey Insights for Passive Investors:\\n\\n\\nEconomic Influences on Insurance: Inflation and interest rates play a significant role in determining insurance costs. Grasp how these factors directly influence the insurance premiums and, consequently, your passive income returns.\\n\\n\\nSafeguarding Your Investment: Embrace risk management tactics tailored for passive investors. Learn about the importance of contractual risk transfer with subcontractors to shield your investments from potential liabilities.\\n\\n\\nOptimizing Insurance Expenditure: Discover ways to optimize insurance costs without compromising on coverage. Understand the balance between coverage levels, deductibles, and their impact on your investment returns.\\n\\n\\nThe Role of Reinsurance: For passive investors, understanding the dynamics of reinsurance is crucial. Learn how the availability and cost of reinsurance capital can sway the broader insurance market and your investment strategy.\\n\\n\\nClimate Change Considerations: With climate change reshaping risk profiles, some insurers are retreating from high-risk zones. Understand how this can affect insurance premiums and the availability of coverage in areas vulnerable to natural calamities.\\n\\n\\nPotential Government Involvement: Explore scenarios where government intervention, akin to the Terrorism Risk Insurance Act (TRIA), might be essential to ensure the stability of the insurance market, impacting passive investment strategies.\\n\\n\\nTune in to this enlightening episode as we dissect the intricacies of insurance costs and their ramifications for passive multifamily investors. Whether you're a seasoned investor or just diversifying your portfolio, this episode offers invaluable insights to enhance your investment strategy.\\n\\nHow to Contact Calvin\\nWebsite: www.falconinsagency.com\\nLinkedIn: www.linkedin.com/in/calvinroberts810\\n\\nAre you REady2Scale Your Multifamily Investments?\\nLearn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.\\nTo reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"