Why Insurance Costs Keep Rising With Nicholas Lares, Ep. 793
About this episode
Nicholas Lares discusses the rising costs of insurance and the benefits of captive insurance for real estate owners and operators.
Nicholas Lares is the founder of Insur3Tech , a syndicated insurance group built for real estate owners and operators. Before entering real estate insurance, Nicholas was one of the largest brokers for Amazon's logistics network. When carrier exits threatened his clients' ability to operate, he helped them build a collective, self-insured alternative rather than accept the market's terms. That same model now powers Insurer Tech, which enables property owners, operators, and investors to retain the profits traditional insurers keep, averaging $28 million in annual distributions per 100,000 units. Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here . Key Takeaways The traditional insurance market is a negative feedback loop: rising premiums drive more claims, which drive premiums higher Every premium you pay includes broker commissions, administrative overhead, and margin that never comes back to you Good-risk operators are pooled with bad-risk ones and effectively subsidize the market's worst performers Captive insurance gives participants a co-ownership stake and returns annual profits when the pool performs well Residents can be enrolled in…
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