Summary
In this conversation, Ben Harang and Clint C. Galliano discuss the importance of homeowners insurance, the nuances of flood insurance, and the different types of insurance available for investment properties. They emphasize the necessity of having insurance for both personal and investment properties, the implications of living in flood zones, and the potential pitfalls of forced-placed insurance. The discussion aims to provide clarity on insurance requirements and options for homeowners and investors alike.

Takeaways
• You need homeowners insurance to secure a loan.
• Insurance rates are moderating after significant increases.
• Homeowners insurance can cover liability and personal belongings.
• Flood insurance is often misunderstood; all areas are flood zones.
• Investment properties require different insurance policies than owner-occupied homes.
• Vacant property insurance is significantly more expensive than homeowners insurance.
• Forced-placed insurance protects the lender, not the homeowner.
• It's crucial to shop around for the best insurance rates.
• Insurance premiums are influenced by credit scores and property location.
• Understanding insurance options can save homeowners money.

Sound Bites
"The increases have definitely moderated."
"Everywhere is a flood zone."
"Keep your homeowners policy on the house."

Chapters
00:00 Teaser
00:08 Intro
00:22 Welcome
01:06 Introduction to Insurance for Homes
11:02 Understanding Flood Insurance
14:05 Insurance for Investment Properties
19:31 Disclaimer

Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
ben@benharang.com
benharang.com

Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clint.galliano@kw.com
clintcgallianorealtor.com

Produced by Clint Galliano
Music by Wiggins Studios

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