Ironically, insurance is a product we pay for and hope we never have to use.

Generally, insurance should only be purchased to protect you against a catastrophe that you could not afford. It’s a financial safety net, helping you and your family recover after something bad happens — such as a death, disability, fire, theft, lawsuit or car accident.

There are many aspects of acquiring property that should generate this question: Do I need insurance to cover that problem? North Carolina real estate brokers should have a basic understanding of insurance related to real estate transactions and property management. By being knowledgeable about insurance related to real estate transactions, brokers can better serve their clients and help them navigate the complexities of buying, selling, or managing property while minimizing risks and protecting their interests.

Brokers should also be able to identify good resources to help consumers with any insurance concerns they have, Including choices of insurance policies and companies, methods of reducing premiums, and types of coverage.

This is a four-hour approved elective.