AUTHOR DETAILS
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Shawn Woedl11 Posts
Shawn Woedl is the CEO & President of National Real Estate Insurance Group (NREIG), an independent insurance agency in Kansas City. He joined the company in 2014 and has been instrumental in growing NREIG’s Insurance Program for real estate investors into the largest in the country—insuring more than 90,000 locations today. Through his efforts, the Program has expanded to accommodate for investment properties up to 20 units, vacation rentals, and non-performing notes, as well as the addition of countless ancillary coverages. He is responsible for overseeing all aspects of the agency, specifically focused on building strong carrier and industry relationships, developing new and innovative product offerings, and managing internal sales and service processes. He is a nationally recognized speaker with an expertise in Commercial Property insurance.
Property Management & Insurance
What Coverages are Necessary? By Shawn Woedl If you have hired a property manager (PM) for your rental properties, they likely will (and should) carry Professional Liability or Errors & Omissions coverage. These insurance policies help protect them if their inadequate work or negligent actions while performing property management duties lead to a lawsuit. But what if you perform property management duties yourself? Did you know that if, while performing
Insurance Coverages for Fix & Flip Properties
What Real Estate Investors Must Understand By Shawn Woedl Whether you are new to property flipping or a seasoned veteran, renovating a home to sell for profit comes with a unique set of risks. One of the most crucial aspects of protecting yourself and your business is insurance. The following coverages serve as the foundation for insuring any renovation property. Dwelling Coverage Dwelling coverage protects against sudden and accidental physical
What Every Real Estate Investor Should Know About Insurance Claims
The Do’s, the Don’ts, and the Double-Checks By Shawn Woedl Experiencing a loss at one of your properties can be overwhelming, and dealing with insurance claims can be a complex process. By familiarizing yourself with the ins and outs of insurance claims before a loss occurs, you can proactively protect your business while minimizing potential setbacks. This general outline of do’s and don’ts can save you time, money, and potential
Hurricane Season Is Just Around the Corner
Are you Prepared? By Shawn Woedl AccuWeather recently released its 2023 Atlantic hurricane season forecast, and although predictions point towards a less active season, it will still bring certain dangers and the potential for property loss. Tropical weather forecasters at AccuWeather are projecting 11-15 named storms, with four to eight expected to reach hurricane strength. The Atlantic hurricane season begins June 1, so now is the time to prepare your
The State of Real Estate Insurance
Investors Need to be Pro-Active Entering 2023 By Shawn Woedl If I could sum up the property insurance market in one word, it would be chaos. If you have been an investor for the last couple of years, you have undoubtedly had a challenging property renewal for your portfolio. You may have dealt with required increases to insurance value or experiencedpremium increases (or both) regardless of your loss history or
Understanding a Property’s Claims History
Evaluating the Potential Investment By Shawn Woedl Knowing a property’s claims history helps in evaluating a potential investment. Past claims can affect insurance rates, coverage availability, and can shed light on possible hidden damage and risk. Doing your due diligence provides you with crucial information that can help you understand what to expect moving forward, mitigate the risk of an investment, and make an informed decision about whether a certain
