Lesson 2 - Shop Insurance

Hey, it’s Seth — closing is 2 weeks away.
Your lender just emailed: “We need proof of insurance NOW.”
Most people panic and take the first quote.

You’re about to save $1,000–$2,000 per year in under 30 minutes.

INSURANCE HACKS THAT PAY FOR YOUR NEXT VACATION

BONUS 3 Step GUIDE:

Step 1 – Shop 3 quotes the same day (15 minutes)

• Progressive (online in 4 min)

• State Farm (call local agent — ask for investor rates)

• Local independent broker (they shop 20+ carriers)

My $200k duplex real numbers:

• Lender’s “easy” quote → $2,400/yr

• Progressive → $1,150/yr

• Local broker → $980/yr (I picked this one)
  → $1,420 saved every single year

Step 2 – Exact coverages I told them:

• Dwelling: $200,000 (replacement cost, not market value) [Your purchase price]

• Personal liability: $300,000 minimum [Talk with professional]

• Deductible: $2,500–$5,000 [Higher deductible = lower premium]

Step 3 – Bonus policies most investors forget

• Umbrella policy ($1M) → $250–$350/yr extra, protects you personally. Very useful if you don’t have an LLC yet!

• Flood insurance if in flood zone (separate policy)

ACTION #2 — DO THIS TODAY

1. Use my step by step guide

2. Get 3 quotes

3. Bind the policy and email proof to your lender (they’ll love you)

One 30-minute task = $1,000+ extra cashflow every year.

Next lesson: Self-manage vs. property manager — keep 8–10% or pay it away forever.

Let’s pay less and own more.

On to Lesson 3!