Insurance: Providing Investors an Extra Layer of Security

Join us on the Deeds in the Desert podcast as we dive into a crucial topic - Insurance! In this episode, we're delighted to have Carrie Cook, President of Ignite Funding, share her expertise.

Why is this topic so important, you ask? It's an extra layer of protection for our investors! After a successful closing, we ensure our investors receive the recorded deed, executed promissory note, title policy, and, of course, the all-important insurance policy. Remember, insurance is truly vital when you need it the most.

In this episode, we explore:

• The two types of insurance we require our borrowers to have:
  • General Liability Insurance for raw land.
  • Property Insurance if there is a physical structure on the property.
• Two key aspects we emphasize on the policies.
  • Additionally Insured on the policy.
  • Policy Endorsement.
• Have you ever wondered what happens when you need to use insurance or file a claim? Carrie shares two insightful behind-the-scenes stories about past insurance claims.

*Please note that while we're discussing this topic in detail, we want to emphasize that we are not insurance brokers or agents, and we are not providing any insurance advice. Tune in for a valuable discussion on General Liability and the importance of insurance in real estate investments.

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*Disclaimer: Ignite Funding, LLC | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided with applicable disclosure documents.