The Real Estate Financial Planner Blueprint™
Ep 23 Norm and Norma - $25K Fix and Flips Every 6 Months - Buy 20% Down Payment Rentals

Insurance Report

The Insurance Report shows a variety of insurance related charts for your  Scenario. Use it as a quick way to inspect the insurance related aspects of your entire strategy.

Insurance

The following is the percentage of the property value that you're setting aside for insurance on each property per year. As property values go up over time with the same property insurance rate, so does the cost of insurance.

This first chart just shows properties owned in month 1. This  Chart is particularly helpful for you to see the relative costs of insurance for any properties you own starting the  Scenario.

At first blush, lower seems better. But, you may have significantly better coverage (or different coverage) on ones that have slightly higher insurance premiums. On the ones that are low, you may be under-insured and in for an unpleasant surprise should something happen to that property. Talk to your insurance provider to make sure you have the coverage you desire and you have competitive rates.

Here is the insurance premium in dollars for the entire year for any  Properties you own in month 1.

Here are the insurance percentages over the entire  Scenario.

If you multiply your Property Insurance Rate times that Property Value you get Property Insurance amountin dollars for the year. This is shown below.

If adjust that number back for inflation to be in today's dollars, here's the chart for the cost of insurance adjusted for inflation.

The saw blade occurs because you lock in your insurance premium for a year at a time. After a year, it adjusts back up.

Want to know the total you're paying for insurance for all properties? The following chart graphically stacks and sums all your insurance payments for the year.

The inflation adjusted version of the same graphically stacked, summed insurance for your entire portfolio.