159: Master Insurance Policy and Its Benefits with Beth Boisseau-Coots
Having been raised in the insurance industry, Beth joined J.B. Lloyd and Associates in 2006, specializing in insurance programs for financial institutions and real estate investors. In addition to receiving the prestigious designation of Certified Insurance Counselor (CIC) from the National Alliance of Insurance, Beth has earned a number of awards for her expertise, including most recently, the Best in Class for Best Property Insurance Company through NoteVestor. Beth is a frequent guest on various podcasts, webinars, and a speaker at events, as she attempts to educate others about how best to protect themselves and their assets from unexpected loss.
\n(00:02 - 2:13) Opening Segment
\n- Introduction of the host into the show
\n- Alpesh introduces the guest of the show, Beth
\n- Beth shares something interesting about himself
\n(2:13 - 30:26) Master Insurance Policy and Its Benefits
\n- Does being an artist help you in any way with sales or insurance industry?
\n- Do you invest in real estate yourself?
\n- What is a master insurance policy?
\n- How do you compare the master insurance policy to the umbrella insurance policy? Are they similar?
\n- What are some of the pros or advantages of master policy over individual policies?
\n- LLC, who will it be my name or llc's name? how would that work? Let's say we have partners
\n- Do I pay the policy premium at the master level or when I add or remove? How does it work?
\n- What will happen to the master policy, would it apply to all my property? if I have a claim on one property for whatever reason
\n- Do I need a certain number of properties to be able to have master insurance?
\n-What are some of the gotchas, when I'm going through an insurance contract? What are some of the things I need to look for?
\n- What do you recommend?
\n(30:26 - 30:54) Break
\n- Welcoming listeners and guest back to the show
\n(30:54 - 35:39) Fire Round
\n- Will Beth change the business strategy after Coronavirus?
\n\u2013 Beth's favorite real estate, finance, or other related books
\n\u2013 Tools or website Beth recommends
\n\u2013 Beth's advice to beginner investors
\n\u2013 How does Beth give back?
\n\u2013 How can Wealth Matters Podcast listeners reach out to Beth?
\n(35:39 - 35:58) Closing Segment
\nIf you want to learn more about the discussion, you can watch the podcast on Wealth Matter\u2019s YouTube channel and you can reach out to Alpesh using this link
\nFacebook: @wealthmatrs
\nIG: @wealthmatrs.ig
\nTiktok: @wealthmatrs