The Disaster of NOT Having Good Property Insurance!
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In keeping with the theme of playing defense in your wealth building journey, today's episode of Wealth In Real Estate Development (W.I.R.E.D.), features host Nick Smith interviewing Randy Raines, owner of the Raines Insurance Group located in Valparaiso, Indiana. His company offers property, automobile, life and business insurance coverage options. And a big portion of his clientele are real estate investors.
Randy discusses his background as working on the floor of the Chicago Stock Exchange for 13 years prior to starting Raines Insurance Group. This experience gave him key insights into topics such as interest rates, inflation, and many other economic indicators. But after the 9/11 terrorist attacks and the transition to electronic trading, Randy started looking for something new.
In this episode, Randy explains the importance of focusing on your insurance coverage and not the premium. He also gives some valuable information on what many property insurance policies are not automatically covering anymore. In addition, he discusses how important it is to have actual coverage for your businesses. People losing literally everything due to lack of or improper insurance coverage is a real thing! But Randy gives great advice to make sure that is not YOU.
If you would like to contact Randy, please do so at the following:
Phone: (219) 561-0102
Email: Randy@InsuranceByRaines.com
Website: www.insurancebyraines.com
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