Louisiana Insurance Requirements 2026 | RE: Real Estate Podcast

Summary

In this episode of the RE Real Estate Podcast, hosts Clint C. Galliano and Ben Harang delve into the complexities of home insurance, emphasizing its critical role in protecting one of the largest investments most people will ever make. They clarify the distinction between required and optional insurance types, particularly focusing on homeowners insurance and flood insurance, which are often misunderstood by buyers. The discussion also touches on recent legislative changes in Louisiana that affect insurance policies, including the introduction of stated value policies, which can offer homeowners more flexibility and potentially lower costs.

The hosts provide practical advice on navigating the insurance landscape, including the importance of understanding deductibles, the necessity of flood insurance in certain areas, and the benefits of obtaining an owner's title policy. They also highlight the significance of wind mitigation surveys and fortified roofs in reducing insurance premiums. Overall, the episode serves as a comprehensive guide for prospective homeowners to ensure they are adequately covered without overpaying for insurance.

Keywords

home insurance, flood insurance, real estate podcast, homeowners insurance, insurance tips, Louisiana real estate, property investment, insurance policies, risk rating 2.0, stated value policy

Takeaways

· Buying a home is one of the biggest investments you'll ever make.

· Homeowners insurance is not a legal requirement, but lenders require it for financing.

· Flood insurance is mandatory in designated flood zones, as per federal regulations.

· The new stated value policy can lower insurance costs for homeowners.

· Wind mitigation surveys can help reduce insurance premiums.

Sound bites

"Homeowners insurance is not a legal requirement."

"The 2026 game changer is the stated value policy."

"I now strongly suggest that you buy owner's title insurance."

Chapters

00:00 Introduction to Home Insurance

02:46 Understanding Homeowners Insurance Requirements

09:40 The Stated Value Policy Explained

11:34 One-Time Purchase Insurance: Title Policies

17:35 Controlling Insurance Costs

24:11 Transferring Flood Policies

Hosts

Ben Harang, REALTOR® La.

License #: 36589

Keller Williams Realty Bayou Partners

Mobile: 985.859.2500

Office: 985.262.4400

ben@benharang.com

benharang.com

Clint C. Galliano, REALTOR®

La. License #: 995704723

Keller Williams Realty Bayou Partners

Mobile: 985.647.4479

Office: 985.262.4400

clint.galliano@kw.com

clintcgallianorealtor.com

Produced by:

Clint Galliano

Music by:

Wiggins Studios

Click here to view the episode transcript.

Click here to watch a video of this episode.