51: The Property Insurance Hacks That Could Save You Thousands

[STEADILY] Secure your rental property with hassle-free landlord insurance. Get started now!  [LIMITED TIME PROMO] Unlock your potential and save $500 off the Pathway Program with code P2P500! Gain expert insights and actionable strategies to fast-track your growth. Don’t miss this offer – accelerate your journey today!  [OILI Conference] Don’t miss out on the opportunity to be part of a dynamic community of investors! Join the Waitlist now and secure your spot at this exclusive event! Are you financially exposed? This is how to safeguard your assets before it’s too late. In this episode, I sit down with Datha Santomieri, co-founder and chief operating officer (COO) of Steadily Insurance, to break down the costly mistakes landlords make—and how to avoid them. Datha shares how her own experience as an investor revealed major gaps in the insurance industry, leading her to build a company dedicated to helping landlords protect their wealth. She explains why a one-size-fits-all policy won’t cut it, how skipping liability insurance could destroy your finances, and what landlords must do to prevent claims from eating into their profits. We also dive into why your insurance policy might be useless when it’s time to file a claim, the hidden insurance traps that cost landlords thousands, and what rising insurance rates mean for real estate investors (plus how to minimize the impact).  Whether you're a seasoned investor or just getting started, this episode is packed with crucial insights that can help you ensure your properties are truly protected. Press play and take control of your real estate investments today! KEY POINTS:  - Introduction to Datha Santomieri - Challenges in finding insurance for real estate investors  - Some factors affecting insurance rates  - Strategies for lowering insurance premium - Tips on reviewing insurance policies - Common mistakes landlords make with insurance  - Steadily's commitment to education and support for landlords - The need for landlords to be proactive in managing properties QUOTES:  “If you wanted a quick way to identify the things that are potentially going to cause you a claim, pay attention to the questions that the insurance company is asking.” – Datha Santomieri “Learn from those things that you're being asked and work that into your strategy for who you allow as tenants and what your rules and procedures are for your home—because it will then directly translate back to your insurability.” – Datha Santomieri [STEADILY] Secure your rental property with hassle-free landlord insurance. ⁠Get started now⁠!  [INVESTOR ROADMAP] Ready to take control of your future? Discover your personalized real estate strategy with our Investor Roadmap Quiz. Start Your Quiz Now and map out your path to success! [RESOURCE] Ready to enhance your child’s learning at home? Here are the homeschool activities for your kids!    [FB GROUP] Loving the podcast and want to engage more with me and our incredible guests? Join the Owning It and Living It Facebook group! It’s where you’ll find real estate tips, expert guidance, and a community of investors to support you. Join today and let’s level up your real estate journey!   RESOURCES:  Erika Brown IG: @erikabrowninvestor LinkedIn: @erika brown Wealth Within Reach is produced by EPYC Media Network