Chris Stenke-How to Manage Risk Without Overpaying for Insurance

In this episode of Behind the Doors, Chris Stenke reframes the conversation around risk management versus insurance, challenging the traditional mindset of simply purchasing policies to mitigate risk. Chris dives into the realities of rising insurance costs, particularly in high-risk areas like California’s fire zones, and shares insights on when insurance may not be the optimal solution. The discussion explores real-world examples—including a shocking homeowner insurance story and the pitfalls of requiring renters to carry coverage—and unpacks the pros and cons of self-insuring as an alternative strategy. For real estate investors, Chris addresses the critical question: when is the right time to start managing risk in a real estate deal? This episode is a must-listen for anyone navigating the evolving landscape of property risk, insurance challenges, and proactive protection strategies.