In this episode, Jason and Frank continue their deep dive into insurance, breaking down how to accurately underwrite insurance costs for commercial real estate deals. They share practical strategies, common mistakes investors make, and why building a strong relationship with a knowledgeable insurance broker can make or break your numbers.

Topics Covered

• Why investors should rely on brokers instead of trying to shop for insurance themselves
• How to get realistic insurance estimates using soft quotes and comparable properties
• Why seller-provided insurance numbers and pro formas can be misleading
• The importance of disclosing all property details upfront to avoid costly surprises later
• How insurance costs vary by market and risk factors like storms, wind, and geography
• Real examples of insurance premiums rising and falling and what drives those changes
• How to underwrite insurance conservatively and stress test your assumptions
• What happens during inspections and how required repairs impact your budget
• Understanding deductibles, claims, and when it makes sense not to file
• How past experience helps you anticipate future insurance requirements and costs

Quotes

• “You’re not shopping for insurance, you’re shopping for a broker who can shop for you.”
• “Underwrite for the worst case and let everything else be upside.”

🎧 Connect with Jason:

✅ LinkedIn

✅ https://IroncladUnderwriting.com

✅Linktree

🎧 Connect with Frank:

✅LinkedIn

🎧 Connect with JT

✅LinkedIn

From understanding what policies actually cover to navigating flood zones, hidden claims history, and rising premiums, this episode pulls back the curtain on the assumptions that cost investors thousands. We also dive into how insurance impacts deal analysis, why relying on broker-provided numbers can be risky, and how to properly evaluate coverage before making an offer.

Whether you’re a new investor or scaling your portfolio, this episode will help you avoid costly mistakes, protect your assets, and underwrite with confidence.

Topics Covered

• The role of insurance in underwriting and deal analysis
• Common misconceptions about property and flood insurance
• How flood zones impact pricing and lender requirements
• Why relying on estimated numbers can hurt your deal
• The risks behind offering memorandums and T12 reports
• How past claims affect premiums and insurability
• When it makes sense not to file an insurance claim
• How deductibles impact your overall strategy
• The importance of getting accurate quotes before making an offer
• How insurance inspections help reduce risk
• The value of working with a knowledgeable insurance broker

Quotes

• “Don’t assume the numbers work. Know exactly what your insurance costs before you buy.”
• “Insurance is not just a line item. It is a deal breaker or a deal maker.”

🎧 Connect with Jason:

✅ LinkedIn

✅ https://IroncladUnderwriting.com

✅Linktree

🎧 Connect with Frank:

✅LinkedIn

🎧 Connect with JT

✅LinkedIn

In this episode, Jason Williams and Frank Patalano dive into the gap between knowing and actually doing in real estate investing. While information is everywhere, real success comes from taking action, surrounding yourself with the right people, and pushing past fear. They share personal experiences, early mistakes, and practical insights to help listeners move from learning into execution.

Topics Covered

• The difference between knowledge and action in real estate
• Why analysis paralysis holds investors back
• The role of mentorship, coaching, and community
• Building confidence and overcoming fear
• Learning through mistakes and real world experience
• The importance of accountability partners
• Why taking action matters more than waiting for perfect knowledge
• Simple steps to start analyzing and pursuing deals

Quotes

• “If knowledge made you rich, librarians would be on the Forbes billionaire list.”
• “You miss one hundred percent of the shots you don’t take.”

🎧 Connect with Jason:

✅ LinkedIn

✅ https://IroncladUnderwriting.com

✅Linktree

🎧 Connect with Frank:

✅LinkedIn