Jorge Abreu, Co-Founder and CEO of Elevate Commercial Investment Group, joins True Multifamily to share the importance of insurance claims. He lays out what your insurance should cover such as rent loss, building code upgrades, asbestos, and more. Jorge adds the advantages of having an adjuster to ensure that everything gets covered, making up for how much they ended up getting covered versus what the insurance company would have covered.
Jorge also shares about having a big fire in one of his properties before the completion of his fire insurance claim. He talks about how timing is of the essence and how it will cost you more when you wait before you get insurance.
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