A realtor doesn’t need to know everything about homeowners insurance. That is the job of the homeowners insurance agent.
That said, there are SOME things about homeowners that we feel that every realtor should know.
The Marshall Fires of 12/30/2021 helped us all realize the importance of having the proper homeowners insurance coverage. Unfortunately, too many people don’t have the proper coverage and too many realtors don’t understand this.
Here are some important lessons that every Realtor needs to know:
Lesson 1: Extended Replacement Coverage. Most people just don’t have enough.
Lesson 2: How to insure a condo. Does the HOA really have your back?
Lesson 3: Service Line Coverage. How can your buyers get it and what does it cover?
Lesson 4: Let’s talk flood insurance. What is NFIP and why does it matter?
Lesson 5: Roof coverage: Beware Actual Cash Value policies
Lesson 6: How the age of the roof and hail affect your buyer.
More lessons will be out soon. If there are any topics that you are interested in, please send an email to Jared.