#98 - The Right Coverage: Property Insurance Strategies with Valerie Cusano

Passive Income Pilots

In this episode of Passive Income Pilots, Tait Duryea and Ryan Gibson sit down with Valerie Cusano, an insurance expert with a background in law and decades of experience in commercial and residential insurance. Val dives deep into the critical aspects of real estate insurance, particularly for condo and rental property owners. She explains the difference between condo and homeowners insurance, key policy coverages investors should have, and how to evaluate a building’s financial health before buying in. The conversation also touches on industry trends, the role of insurance brokers, and how global factors impact insurance rates.

Valerie Cusano is a seasoned insurance expert with decades of experience in the industry. Originally a lawyer specializing in insurance defense, she transitioned into brokering and eventually founded her own insurance agency. Val has extensive commercial and residential insurance expertise, including coverage for high-net-worth individuals and real estate investors. In this episode, Val breaks down essential insurance strategies for pilots and investors, covering everything from policy selection to risk management.

Show notes:

(0:00) Intro

(03:09) Val’s background in law & insurance

(04:46) Key insurance considerations for rental properties

(07:18) Condo insurance vs. homeowners insurance

(08:57) Red flags when investing in condos

(12:41) The benefits of condo ownership

(18:48) Understanding global insurance markets & rising rates

(25:40) How to ensure your condo board gets the best rates

(36:29) How to find the right insurance broker

(45:49) Essential insurance coverages every investor needs

(48:55) Outro

Connect with Valerie Cusano:

• LinkedIn: https://www.linkedin.com/in/valerie-cusano-92290717/
• Website: https://palm.global/canada/people

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*Legal Disclaimer*

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.