Statewide Virtual Meeting Wed Dec 2: 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? Sprinklers would be at your expense without special coverage. 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:

  • Residential vs commercial insurance.
  • Valuations
    • Replacement cost.
    • Functional replacement cost.
    • Actual cash value.
  • Ordinance or law coverage.
  • Protective safeguards
    • Protective class.
    • Construction.
    • Smoke/fire detection.
    • Sprinkler systems.
Peter Normand of Webber & Grinnell will be presenting
multifamily insurance overview
Multifamily insurance is not like normal residential insurance (if yours is, it's missing some things)

Part of this presentation will be given by Peter Normand, CLCS. Pete joined Webber & Grinnell in 2017 and he currently leads the agency’s Real Estate Practice Group. Pete is passionate about protecting investments and dreams. He provides comprehensive insurance and risk management solutions based around his clients’ businesses and goals. Pete holds his OSHA 10 Construction certification and is working on his OSHA 10 General Industry certification. Prior to working in the insurance industry, Pete worked in manufacturing, supply chain, and has owned rental properties in Vermont and Western Massachusetts. Pete is a graduate of the University of Massachusetts and a Western Mass native. He lives in Northampton with his wife and two children.

Part of this presentation will be given by Jerry Zanarini, Regional General Adjuster at Advanced Adjustment Service, Inc. Jerry is a licensed construction supervisor and registered home improvement contractor, as well as an accomplished project and restoration management professional. He has an extensive background in construction, insurance estimation, scheduling, budgeting, and maximizing profitability. He has been with Advanced Adjustment Service since 2014. Prior to that he was a project manager at Complete Restoration Solutions for four years. Prior to this, for 22 years he helped build Sears/K-Mart stores across the US, including a 250-phase project completed three weeks early.

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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

This event is regionally branded in keeping with a local tradition. This region used to meet in-person on this day at this time. You are welcome to participate in this virtual meeting no matter where you are in the state.

 

Wednesday, December 2nd

Virtual Meeting Agenda

  • 5:00pm Sign-in and virtual networking: you can chit chat with others as people log in
  • 5:40pm MassLandlords Business Update and Member Minutes
    • Member Minutes - Any member can have the mic for 60 seconds (introduce yourself, ask a question, share words of wisdom, etc.)
  • 6:00pm Local Manager Meeting Introduction
  • 6:05pm Insurance overview
  • 7:00pm Virtual meeting ends

Participation is Easy

As a result of the COVID-19 (coronavirus) pandemic, our events have been replaced by webinars or virtual meetings held during the traditional event time for each former location:

  • 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: Statewide Virtual Meeting: Insurance Overview for Rental Properties Time: Dec 2, 2020 05:00 PM Eastern Time (US and Canada) Join Zoom Meeting https://us02web.zoom.us/j/85451674373 Meeting ID: 854 5167 4373 Passcode: Will be emailed and viewable online Dial by your location +1 312 626 6799 US (Chicago) +1 646 876 9923 US (New York) +1 301 715 8592 US (Washington D.C) +1 669 900 6833 US (San Jose) +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 408 638 0968 US (San Jose) Meeting ID: 854 5167 4373 Passcode: Will be emailed and viewable online Find your local number: https://us02web.zoom.us/u/kVvbyrDGU

Pricing

Open to the public. Membership is not required!

  • Contemporaneous participation:
    • Public: $10
    • Members: $7
    • Premium Members: No charge and no need to register. Click here for meeting details and password.

This event will not be recorded. Slides and handouts if any will be uploaded to our page on Multifamily Insurance.

 

This event is operated by MassLandlords staff.

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

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

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