1 hr 9 min
Creative Capital Podcast 106: Clarity Around Commercial Real Estate Insurance with Jeremy Goodrich Creative Capital
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- Investing
Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I welcome Jeremy Goodrich! Jeremy owns Shine Insurance Agency with McKenzie. He’s a teacher at heart and he simplifies insurance by giving step-by-step guidance along the way. Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Former students remember learning to play hockey in gym class, opening epic businesses in a virtual world called The Businesses Project, and learning to use a sewing machine. After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy carried the heart of an educator over and he's been making insurance simple for first-time homebuyers and real estate investors even since. Jeremy is also the host of a Multifamily real estate podcast and the host of Youtube's #1 most-watched independent insurance agency channel.
In this episode, Jeremy goes into the nitty-gritty of real estate insurance. He talks about everything you need to know about it, from coverages to the step-by-step process of claims. Jeremy also talks about things to avoid in getting commercial real estate insurance and why it’s important to get a great advisor. Join us and listen in!
[00:01 - 11:10] Introduction
A preview of the episode Welcoming Jeremy to the show Jeremy shares his background Jeremy on his YouTube channel taking off Answering people’s questions about insurance What it takes to be successful in YouTube
[11:11 - 30:56] What You Need to Know About Real Estate Insurance
The true importance of insurance in real estate How it levels the playing field How investors benefit from insurance How to determine the difference between good and bad insurance The significance of having a good advisor Jeremy on over-insuring Things to know about real estate insurance Loss-of-income coverage Liability coverage Avoiding insurance mistakes Balancing price and quality Things to avoid in insurance ACV (Actual Cash Value) Why you should go for ‘special’
[30:57 - 49:00] Claiming: Processes, Adjusters, and Crazy Stories
The step-by-step process of a claim Different types of adjusters I share an experience with an insurance company and a contractor Jeremy shares the craziest claim story that’s ever happened
[49:01 - 56:32] The Pod Decks Segment
If you could bankrupt one person or company, who would it be? What is your worst roommate or house guest’s story? What happened on your worst date? [56:33 - 01:09:20] The Core Four
What is your favorite real estate-related book? Passive Investing Made Simple (link below) What do you think your unique skill is that helped you become successful? Explaining stuff Tell me something that's true about real estate that almost nobody agrees with you on How diverse the community is becoming What one piece of advice would you give the listeners wanting to succeed in real estate investing? Have a clear strategy Connect with Jeremy! A summary of the episode Closing words Key Quotes:
“If you're going to succeed financially in YouTube, I think you really have to understand what your call to action is and where you want people to go.” - Jeremy Goodrich
“The first thing you do with insurance, just like every other service provider, is picking a good advisor because that person is going to be driving a lot of the stuff that you just don't get.” - Jeremy Goodrich
“Just like everything else in this business, it's relationships that matter. If you don't have someone who explains things clearly, who shows you exactly what's going on, who breaks things down for you in a way that you can understand, then go find someone who can and work with them.” - Jeremy Goodrich
Resources Mentioned:
Passive Investing Made Simple by Anthony Vicino and Dan Krueger Connect with Jeremy on LinkedIn!
You
Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, I welcome Jeremy Goodrich! Jeremy owns Shine Insurance Agency with McKenzie. He’s a teacher at heart and he simplifies insurance by giving step-by-step guidance along the way. Before Shine, he was an elementary school teacher, helping countless kids fall in love with art, math, science, and writing. Former students remember learning to play hockey in gym class, opening epic businesses in a virtual world called The Businesses Project, and learning to use a sewing machine. After 13 years of teaching, he decided it was time to change the way people feel about insurance. Jeremy carried the heart of an educator over and he's been making insurance simple for first-time homebuyers and real estate investors even since. Jeremy is also the host of a Multifamily real estate podcast and the host of Youtube's #1 most-watched independent insurance agency channel.
In this episode, Jeremy goes into the nitty-gritty of real estate insurance. He talks about everything you need to know about it, from coverages to the step-by-step process of claims. Jeremy also talks about things to avoid in getting commercial real estate insurance and why it’s important to get a great advisor. Join us and listen in!
[00:01 - 11:10] Introduction
A preview of the episode Welcoming Jeremy to the show Jeremy shares his background Jeremy on his YouTube channel taking off Answering people’s questions about insurance What it takes to be successful in YouTube
[11:11 - 30:56] What You Need to Know About Real Estate Insurance
The true importance of insurance in real estate How it levels the playing field How investors benefit from insurance How to determine the difference between good and bad insurance The significance of having a good advisor Jeremy on over-insuring Things to know about real estate insurance Loss-of-income coverage Liability coverage Avoiding insurance mistakes Balancing price and quality Things to avoid in insurance ACV (Actual Cash Value) Why you should go for ‘special’
[30:57 - 49:00] Claiming: Processes, Adjusters, and Crazy Stories
The step-by-step process of a claim Different types of adjusters I share an experience with an insurance company and a contractor Jeremy shares the craziest claim story that’s ever happened
[49:01 - 56:32] The Pod Decks Segment
If you could bankrupt one person or company, who would it be? What is your worst roommate or house guest’s story? What happened on your worst date? [56:33 - 01:09:20] The Core Four
What is your favorite real estate-related book? Passive Investing Made Simple (link below) What do you think your unique skill is that helped you become successful? Explaining stuff Tell me something that's true about real estate that almost nobody agrees with you on How diverse the community is becoming What one piece of advice would you give the listeners wanting to succeed in real estate investing? Have a clear strategy Connect with Jeremy! A summary of the episode Closing words Key Quotes:
“If you're going to succeed financially in YouTube, I think you really have to understand what your call to action is and where you want people to go.” - Jeremy Goodrich
“The first thing you do with insurance, just like every other service provider, is picking a good advisor because that person is going to be driving a lot of the stuff that you just don't get.” - Jeremy Goodrich
“Just like everything else in this business, it's relationships that matter. If you don't have someone who explains things clearly, who shows you exactly what's going on, who breaks things down for you in a way that you can understand, then go find someone who can and work with them.” - Jeremy Goodrich
Resources Mentioned:
Passive Investing Made Simple by Anthony Vicino and Dan Krueger Connect with Jeremy on LinkedIn!
You
1 hr 9 min