Ep.107 | Insurance Every Private Lender Needs: Protecting Your Portfolio

In this episode of The Canadian Private Lenders Podcast, hosts Ryan MacNeil and Neal Andreino dive deep into one of the least glamorous but most critical aspects of private lending, insurance. From title and homeowner’s insurance to blanket mortgage impairment, E&O coverage, and even cyber and key person insurance, they break down what every lender needs to stay protected.Ryan also shares a real-life million-dollar fire story that could have ended in disaster, but didn’t, thanks to proper insurance coverage. Plus, the duo reflect on conference experiences, chaotic Toronto condos, and celebrate the Blue Jays’ historic World Series run.If you lend money privately, this episode could save you from catastrophic loss.Show Notes: 00:30 — Welcome to Episode 107 of the Canadian Private Lenders Podcast01:00 — Catching up: conferences, booths, and behind-the-scenes reflections04:00 — Airbnb horror story: 60-story Toronto condo chaos08:00 — The Blue Jays head to the World Series09:00 — Today’s topic: the importance of insurance for private lenders10:00 — Understanding title insurance and how it protects lenders11:00 — When title insurance claims actually pay out13:00 — Transition into homeowners insurance—what most people miss15:00 — The biggest mistake borrowers make: letting coverage lapse18:00 — Blanket mortgage impairment insurance explained20:00 — E&O (Errors & Omissions) insurance: why it’s required in Nova Scotia23:00 — The $1M coverage that cost $40,000 a year—breaking down the math24:00 — Ryan’s real-world example: a million-dollar fire and five possible claims29:00 — The lessons from the fire: how proper coverage saved the lender30:00 — Cyber insurance and the rising threat of phishing/ransomware32:00 — Key person insurance—protecting the business if something happens to leadership35:00 — Final takeaways: the insurances every lender should have37:00 — The Creative Crew shoutout & studio update37:40 — How TikTok exposure is expanding the podcast’s reach38:00 — Closing thoughts and next episode teaserResources:Keystone Capital GroupCPLP Instagram: @cplpodcastKeystone Instagram: @keycapgroupFind Neal On:Instagram: @neal.andreinoLinkedIn: Neal AndreinoFind Ryan on:LinkedIn: Ryan MacNeilE-mail: [email protected]