AUTHOR DETAILS
-
Tom Elder1 Posts
Tom Elder is a senior vice president at Breckenridge Insurance Services. For more than 17 years, he has worked with investors and their insurance agents, specializing in residential and commercial properties, real estate owned (REO) properties and lender-placed risk management. He has created insurance programs for the investor property space to meet the demands of the industry. Elder can be reached at telder@breckis.com.
Do Your Homework on Coinsurance
Coinsurance can be costly if you don’t understand the penalties. You’re a savvy investor. You make sound, confident decisions about the properties you’ve added to your portfolio. And your strategy has been successful. Yet even the most successful real estate investors can be snagged by the penalties associated with valuation and coinsurance, outlined in the fine print on your insurance policy. If you’re like most bullish investors, you’re probably heavily
