Critical Insurance Update for Arizona Real Estate Investors with Derek Karchner

In this episode, Mike Del Prete, Executive Director of the Arizona Real Estate Investors Association (AZREIA), discusses crucial insurance updates for Arizona real estate investors. Special guest Derek Karchner from Gila Insurance shares insights on the current state of the insurance market, emphasizing the impact of rising premiums, underwriting challenges, and the difficulty of getting coverage in various regions, especially in Northern Arizona. Derek provides valuable advice on how real estate investors can navigate these changes, including tips for current landlords and those looking to invest. He also points out the importance of involving insurance experts early in the investment process to avoid costly issues.  Key Takeaways 01:07 Meet Derek Karchner from Gila Insurance 02:31 State of the Insurance Market 06:02 Impact of Wildfires on Insurance 07:31 Insurance Challenges in Northern Arizona 19:44 Advice for Real Estate Investors 28:26 How to Get in Touch with Hila Insurance 29:55 Conclusion and Final Thoughts   Connect with Derek Karchner https://gilainsurance.com/ ---- The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in Real Estate. Join AZREIA here. Is a Career in Real Estate Right For You? Take AZREIA's Real Estate Investing Entrepreneurial Self-Assessment at  👉 https://azreia.org/entrepreneurial-self-assessment Azreia Real Estate Investing Entrepreneurial Self Assessment Who is it for? ☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training. ☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, you are best suited for active or passive investing. AZREIA membership is a community consisting of independent real estate investors who invest in:  🏡 SINGLE FAMILY 🏙 SMALL MULTI-FAMILY 🏡WHOLESALERS ✍️ NOTES Educational opportunities are plentiful and delivered through AZREIA’s own education program and in collaboration with outside education providers. 🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively. 🎓Our strategy classes are provided through AZREIA and others and deliver an advanced level of knowledge. Join the Deal Finders Club here Deal Finders Club is a thriving real estate community "Where Deals Get Done", we train community members on these core skills...Marketing, Sales, Negotiations, Comping, Writing Offers, Locking Up Contracts, and so much more. Discover:  https://ebooks.azreia.org/library https://ebooks.azreia.org/ideal https://ebooks.azreia.org/fix_and_flipping https://ebooks.azreia.org/note_investing https://ebooks.azreia.org/landlording https://ebooks.azreia.org/wholesaling_real_estate https://ebooks.azreia.org/property_scouting https://ebooks.azreia.org/house_hacking Join our conversation at: Facebook:  https://www.facebook.com/azreia Twitter: https://twitter.com/azreia?lang=en Instagram: https://www.instagram.com/arizona_reia/ Linkedin: https://bit.ly/3vKMnrR Website: https://azreia.org/