Monthly Meeting **WEDNESDAY March 6, 2024** Meeting Topic: Navigating the Insurance Landscape for Real Estate Investors

Monthly Meeting - WEDNESDAY March 6, 2024

Meeting Topic: Navigating the Insurance Landscape for Real Estate Investors

Join us for a SPECIAL MEETING NIGHT hosted by the NC Department of Insurance, where we'll delve into crucial insights on real estate investment expenses you may not have known about!

Discover everything you've been curious about but didn't know who to ask. Insurance plays a pivotal role in a real estate investor's financial landscape, and this event is your opportunity to gain the knowledge you need.

Explore the following topics:

1. Uncover the nuances of homeowners' insurance and landlords' policies, along with the pros and cons of each.
2. Learn effective strategies to keep insurance costs down and best practices when shopping for homeowners' insurance.
3. Address concerns about potential penalties, policy termination, or difficulties for future owners in obtaining insurance.
4. Understand the coverage of liability or worker's compensation for contractors, particularly those claiming homeowner liability for their injuries.
5. Gain insights into the recommended insurance policies for contractors working on your property.
6. Navigate scenarios involving pet (dog bite) or insect damage (bed bugs) and whether homeowners' policies cover defense for such claims.
7. Evaluate the benefits of requiring tenants to have renters' insurance and the problems it could potentially solve.
8. Unravel the insurance requirements for AirBNB or vacation rental ownership.
9. Stay informed about flood insurance and recent changes in flood insurance policies.
10. Explore additional insurance considerations for real estate investors, such as Umbrella Insurance and Liability insurance, including factors to consider when shopping for these policies and potential exclusions.
11. Understand the essential insurance policies for home flippers, covering scenarios like water leaks, vandalism, theft, or fire at vacant properties under rehabilitation or construction.

FEATURED SPEAKER: Paula Posey, NC Department of Insurance Senior Examiner, Market Regulation Division

Paula Posey began her tenure with the Department of Insurance in 2018, initially serving in the Consumer Services Division before transitioning to the Market Regulation Division in 2022 as a Senior Examiner. With more than a year as a Senior P & C Examiner II at the North Carolina Department of Insurance, Paula brings a wealth of expertise in risk management and insurance. Her role involves meticulous document reviews, ensuring adherence to statutes governing policyholder treatment, underwriting, claims, and provider relations.

Don't miss this opportunity to enhance your understanding of insurance in real estate investment!

We'd love to see you there! Please RSVP, so we know how much food to order! Pizza & drinks (and cookies if you arrive early enough) will be served.

~Coastal REIA Board

• Guests: $25
• Active Military & Students: FREE with ID
• Coastal REIA Members: FREE