What Insurance Companies Don’t Tell Property Owners(Public Adjuster Explains)

Описание: If you’re a Chicago landlord or real estate investor, this episode could save you thousands, or even millions, in insurance mistakes.

In Episode 6 of The Housing Providers Show, host Tim Harstead sits down with public adjuster Dorian Bezanis from Alpha Adjusting to break down how insurance claims REALLY work for rental property owners.

Most landlords misunderstand their policy, from 3% deductibles to coinsurance penalties and loss of rent coverage. This episode explains the hidden risks that impact Chicago multifamily owners, housing providers, and investors.


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00:00 – Introduction of Dorian Bezanis
00:25 – What a public adjuster actually does
02:11 – Why you shouldn’t rely solely on the insurance company’s adjuster
05:50 – Staff adjusters vs. independent adjusters
08:06 – Are insurance companies using outdated pricing?
09:58 – Why relationships matter in insurance claims
12:33 – The appraisal process explained (insurance arbitration)
14:44 – Real-world loss of rent dispute example
16:46 – Loss of rent explained (NOT gross rent)
20:28 – Tenant renters insurance vs landlord policy
24:39 – Why insurance claims take so long
26:02 – Surplus line carriers & shared-risk pools
28:16 – The future of property insurance
29:45 – How carriers are shifting risk to landlords
31:05 – Percentage deductibles explained (3% example)
34:42 – Biggest insurance mistakes landlords make
36:13 – Sewer backup, roof depreciation & code upgrades
40:07 – Coinsurance clause explained
42:26 – Underinsuring your property risk
44:28 – Investment regret & ownership lessons
46:14 – Long-term real estate mindset
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Key topics covered:

The 3% deductible trap (policy value vs claim value)

Coinsurance clause explained for landlords

Loss of rent vs gross rent (critical difference)

Why insurance claims take months to pay

Surplus lines insurance risks

Tenant insurance myths

Coverage gaps that landlords should never skip

Replacement cost vs market value for Chicago buildings

Whether you own a 2-flat, 3-flat, or multifamily property in Chicago, understanding insurance structure is essential in today’s rising premium environment.

#ChicagoLandlord #RealEstateInvesting #PropertyManagement #MultifamilyInvesting #LandlordTips