Description

#1516PM – Insuring Investment Properties: Comprehensive Strategies and Best Practices

Nebraska Real Estate Commission Approved Continuing Education Course

Insurance is one of the most important tools available to protect a rental property, but simply having an insurance policy does not necessarily mean a property owner is adequately protected. #1516PM Insuring Investment Properties: Comprehensive Strategies and Best Practices provides Nebraska real estate professionals, property managers, landlords, and real estate investors with a practical understanding of insurance coverage for residential investment and rental properties.

This course examines the different types of rental property and landlord insurance coverage, what those coverages are designed to protect, and where property owners may unknowingly have gaps in coverage. Students will learn how property insurance, liability coverage, loss of rental income coverage, and other insurance protections work together to help protect both the property and the owner’s investment.

The course also addresses real world insurance issues that can arise throughout the ownership and management of rental property. From tenant caused damage and liability claims to vacancies, major property losses, and changes in occupancy, students will learn why understanding the terms, conditions, exclusions, and limitations of an insurance policy is an important part of effective risk management.

Property managers also play an important role in helping owners recognize potential risks and understand when changes involving a rental property may need to be communicated to an insurance professional.

Topics include:

• Understanding landlord and rental property insurance
• Property and dwelling coverage for investment properties
• Liability insurance and protecting against potential claims
• Loss of rental income and loss of use coverage
• Insurance considerations for tenant caused property damage
• Vacancy and occupancy issues that may affect coverage
• Policy exclusions, limitations, deductibles, and coverage limits
• Replacement cost versus actual cash value
• Insurance considerations for renovations and property improvements
• Renters insurance requirements and considerations
• Additional insured and interested party considerations
• Umbrella and excess liability coverage
• Common insurance gaps affecting rental property owners
• The property manager’s role in insurance and risk management
• Practical strategies for reducing risk and protecting an owner’s investment

Whether you own rental property, manage investment properties for others, or work with real estate investors, #1516PM Insuring Investment Properties provides practical information to help you better understand insurance, identify potential coverage concerns, and make more informed risk management decisions.

NREC Approved Continuing Education | Course #1516PM | Property Management Designated Subject Matter (PM)