Statewide Virtual Meeting Mon Nov 29: Insurance Overview for Rental Properties

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Insurance is one of the "big three" expenses alongside mortgage and real estate taxes. If you have a claim, insurance can decide the fate of your business.

For instance, did you know that basic policies won't pay to fully rebuild a grandfathered building? Code upgrades -- a sprinkler system, for example -- would be at your expense absent special coverage not automatically included on a standard policy. Are you prepared for any disaster? Whether it's a fire or a lawsuit, you need insurance to protect your assets. This presentation will give an overview of special considerations that owners familiar with only single family insurance won't know. We will cover basic and advanced considerations:

  • Personal vs commercial lines insurance.
  • Valuations
    • Replacement Cost.
    • Actual Cash Value.
    • Co-Insurance.
    • Agreed Amount.
  • Ordinance or Law Coverage.
  • Risk management strategies
    • Deductible structure.
    • Hiring a contractor.
    • Protective safeguards.

Attendees will leave better prepared to evaluate their existing policies and protect their business going forward.

Matthew Pelrine smiling and wearing a suit and tie in front of a wood clapboard background.
Matthew J. Pelrine of NorthStar Insurance Services
Picture of an insurance person in a suit holding a sword and a shield. They are standing between a multifamily neighborhood and an incoming projectile. The projectile bounces off the shield and away from the houses.
Multifamily insurance is not like normal residential insurance (if yours is, it's missing some things)

This part of the presentation will be given by Matthew Pelrine, Senior Account Executive with NorthStar Insurance Services. Matthew works with clients to implement comprehensive and cost-effective insurance and risk management solutions; his main areas of focus include real estate and construction. In addition to his work with NorthStar, Matt has served on the Builders and Remodelers Association of Greater Boston's Board of Directors since January 2016 and was elected as the Association's President this past July. Prior to joining NorthStar, Matt proudly served our country with the United States Marine Corps. Matt is a graduate of the University of Connecticut.

Matthew is a Recurring Speaker

"Good presentation, bring Matt back!"

picture of Patrick Sullivan
Patrick Sullivan of Obtainable Sobriety will moderate networking time.
You can volunteer for a future event.

Networking time will be moderated by Patrick Sullivan. Patrick has been an avid landlord since 2007 primarily focusing on multi families in the greater Worcester area. Having worked in high level IT his whole life he looks at things from a different perspective which he applies to real estate. He became a Real Estate agent in 2015 and now primarily focuses on Sober living facilities for people recently out of drug and alcohol treatment centers.

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"No Sales Pitch" Guarantee

MassLandlords offers attendees of directly managed events a "No Sales Pitch" guarantee. If a guest speaker offers services, their presentation will not discuss pricing, promotions, or reasons why you should hire them. We do not permit speakers to pay for or sponsor events. Guest speakers are chosen for their expertise and willingness to present helpful educational content. Your purchase of an event ticket sustains our nonprofit model.

Open to attendees statewide

You are welcome to participate in this virtual meeting no matter where you are.

Monday, November 29th

Virtual Meeting Agenda

  • 5:00pm Sign-in and virtual networking: you can chit chat with others as people log in
  • 5:40pm Business Update
  • 6:00pm Insurance overview
  • 7:00pm Virtual meeting ends

Participation is Easy

We have two formats of online events:

  • Virtual meetings include optional audience participation via video, phone, and screenshare and are not recorded.
  • Webinars have limited participation options (typed questions only) and are recorded.

Our virtual registration desk is open for all events one hour starting 30 minutes prior to the event start time. Call 774-314-1896 or email hello@masslandlords.net for live, real-time help signing in and using your technology.

If joining a virtual meeting, please use the zoom "test audio" feature. You will be allowed to talk to others if your microphone is good and there is no background noise. We reserve the right to mute anyone for any reason. Attendees without a microphone or who don't want to be heard can type questions.

Virtual Meeting Details (hosted by Zoom)

We will share our video, audio, and computer screen and slides.

  • Optional: You can share your video with everyone, talk to everyone, and type chat with everyone. Video sharing is not required. Talking is not required.

Password will be emailed and viewable online.

Topic: Insurance Overview Virtual Meeting November 29, 2021 Time: Nov 29, 2021 05:00 PM Eastern Time (US and Canada) Join Zoom Meeting https://us02web.zoom.us/j/84445819524 Meeting ID: 844 4581 9524 Passcode: Will be emailed and viewable online Dial by your location +1 301 715 8592 US (Washington DC) +1 312 626 6799 US (Chicago) +1 646 876 9923 US (New York) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 408 638 0968 US (San Jose) +1 669 900 6833 US (San Jose) Meeting ID: 844 4581 9524 Passcode: Will be emailed and viewable online Find your local number: https://us02web.zoom.us/u/kd0J6i7KS9

Pricing

Open to the public. Membership is not required!

  • Contemporaneous participation:
    • Public: $21
    • Members: $7

This event will not be recorded.

Slides and handouts if any will be uploaded to Insurance for Rental Properties.

 

Click here to purchase tickets for this event

This virtual meeting counts for continuing education credit for Certified Massachusetts Landlord Level Three. Beep in. Leave feedback/beep out.

This event is operated by MassLandlords staff.

Want to speak at a MassLandlords meeting? Submit a speaker request.

This is part of the Virtual rental real estate networking and training series.

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