1. Insurance &\; the Real Estate Transaction \;
●Why insurance matters \;
●When to involve the insurance agent \;
●Quote ->\; Binder ->\; Policy \;
●Insurance and the buyer'\;s monthly payment \;
●How insurance can delay or derail a closing \;
●Get insurance involved early \;
2. What Makes a Property Insurable? \;
●Age and condition \;
●Roof age\, material and condition \;
●Electrical \;
●Plumbing \;
●HVAC \;
●Prior damage and claims \;
●Occupancy \;
●Pools\, docks and seawalls \;
●Solar panels \;
●Detached structures \;
●Other unusual exposures \;
3. Insurance Inspections 101
●4-Point - Roof\, electrical\, plumbing &\; HVAC \;
●Wind Mitigation - Construction features that reduce wind risk \;
●Roof Certification - Condition and remaining useful life \;
●General Home Inspection - Different purpose from an insurance inspection \;
●Complete reports and clear photos matter \;
●Get reports to insurance early \;
4. Replacement Cost vs. Market Value \;
●Purchase price does not equal insurance value \;
●Market value does not equal reconstruction cost \;
●Land value isn'\;t part of rebuilding the house \;
●Why Coverage A may be higher or lower than the sales price \;
●Construction costs matter \;
●Why two similar-looking homes may have different replacement costs \;
5. Homeowners Insurance 101 - What'\;s an HO-3\, HO-6\, DP-3? \;
●HO-3 - Homeowner / primary or secondary residence \;
●HO-6 - Condo unit owner \;
●DP-3 - Dwelling / commonly used for rental properties \;
●Dwelling/building coverage \;
●Other structures \;
●Personal property \;
●Loss of use / rental income\, as applicable \;
●Liability \;
●Deductibles \;
●Replacement Cost vs. Actual Cash Value \;
●What homeowners insurance generally doesn'\;t cover \;
6. Wind &\; Hurricane \;
●Hurricane vs. other-peril deductibles \;
●Wind mitigation credits \;
●Roof construction \;
●Roof-to-wall attachment \;
●Opening protection \;
●Impact windows/shutters \;
●Secondary water resistance \;
●Why mitigation features can affect premium \;
7. Flood Insurance 101 \;
●Flood zone does not equal flood risk \;
●Homeowners insurance generally excludes flood \;
●When a lender requires flood \;
●Why flood can still matter when the lender doesn'\;t require it \;
●NFIP vs. private flood \;
●Elevation certificates \;
●Building and contents coverage \;
●Flood deductibles \;
●Get the flood quote early \;
8. Rentals &\; Investment Properties \;
●Long-term rentals ●Seasonal/second homes \;
●Short-term rentals \;
●Airbnb/VRBO \;
●Vacant properties \;
●Renovations \;
●Flips \;
●Builder'\;s risk \;
●Occupancy matters - tell the insurance agent how the property will actually be used \;
9. Special Properties
●Older homes \;
●Luxury/high-value homes \;
●Manufactured/mobile homes \;
●New construction \;
●Waterfront homes \;
●Unique construction \;
●Commercial/mixed-use properties \;
10. Claims\, Permits &\; Property History \;
●Prior claims \;
●Open claims \;
●Unrepaired damage \;
●Roof permits \;
●Unpermitted additions \;
●Renovations \;
●Electrical/plumbing updates \;
●Documentation of completed repairs \;
●The property'\;s history can affect the insurance conversation \;
11. Insurance Red Flags \;
●Older/damaged roof \;
●Electrical concerns \;
●Plumbing concerns \;
●Prior/open claims \;
●Unrepaired damage \;
●Unpermitted additions \;
●Incorrect occupancy \;
●Vacancy \;
●Missing/incomplete inspection reports \;
●Unusual property exposures \;
●Last-minute changes \;
12. When Insurance Becomes a Problem \;
●Premium comes in higher than expected \;
●Premium affects monthly payment \;
●Property doesn'\;t qualify with the first carrier \;
●Underwriting requires repairs \;
●Coverage options are limited \;
●Different carriers have different appetites \;
●Specialty/alternative markets may be available \;
●Don'\;t assume the deal is dead - call the insurance agent \;
13. The Realtor'\;s Insurance Checklist \;
●How will the property be occupied? \;
●Financing or cash? \;
●Has the buyer contacted an insurance agent? \;
●Are renovations planned? \;
●Are there short-term rental plans? \;
●Send property information and inspection reports early \;
●Provide lender and title information \;
●Communicate closing-date\, occupancy\, or property changes quickly \;
14. What Could Go Wrong? \;
●Real-life closing scenarios \;
●Spot the problem \;
●What could affect eligibility or price? \;
●Who needs to know? \;
●What can be done to keep the closing moving? \;
●Example: The roof is 19 years old... \;
●Example: The buyer wants to Airbnb it... \;
●Example: The 4-point just came back... \;
●Example: Closing is Friday and nobody called the insurance agent... \;
●Example: The lender just said flood insurance is required... \;
The Big Takeaway: Spot Issues Early. Set Better Expectations. Keep Closings Moving.
LOCATION:25300 Bernwood Drive #1 Bonita Springs FL 34135-7881 UID:e.1351.1626373 SEQUENCE:3 DTSTAMP:20260905T234442Z URL:https://bonitaspringsesterorealtorsfl.growthzoneapp.com/bercalendar/Details/insurance-what-could-go-wrong-what-every-real-estate-professional-should-know-before-the-closing-table-1912719?sourceTypeId=Hub END:VEVENT END:VCALENDAR