Multi-Family Insurance Secrets to Protect Your Profits ft. Samuel Castillo Ep. 13

What does it really take to navigate rising insurance premiums?

In the thirteenth episode of the BLD Financial Podcast, we’re joined by Samuel Castillo, an expert in multi-family and builder’s risk insurance who’s built a career helping investors protect their assets and their bottom line. From understanding loss ratios to navigating CMHC requirements, Samuel reveals the strategies and hard truths that can save—or cost—investors thousands.

From builder’s risk rates and surety bonds to the impact of inflation and tariffs on premiums, Sam brings deep industry knowledge and a practical, no-nonsense approach to risk management. He shares why paperwork is one of the most overlooked profit levers in real estate—and why, if it’s not your strength, you should hire someone who can master it for you.

In this episode, we explore:
✅ Why insurance premiums are rising for investors in today’s market
✅ How inflation, tariffs, and skilled labour shortages are impacting rates
✅ Loss ratios explained—and why they matter for every project
✅ Builder’s risk rates, surety bonds, and replacement cost vs. cash value
✅ CMHC insurance requirements every multifamily investor should know
✅ The biggest mistakes investors make with insurance (and how to avoid them)
✅ How $10K in premium savings can transform your ROI
✅ Why doing what you’re good at—and hiring for the rest—is the ultimate investor advantage

Whether you’re a new investor buying your first project or a seasoned operator managing a portfolio, this conversation is a masterclass in protecting your investments, reducing risk, and making smarter, more profitable decisions.

Who is Samuel Castillo?
Samuel Castillo is a Financial Advisor and Mutual Fund Investment Specialist with Co-operators Insurance, dedicated to helping Canadians achieve their financial goals for over 9 years.

At his office, Samuel and his team create customized plans designed around each family’s unique needs—whether that’s building long-term wealth, protecting assets, or planning for the future. His approach goes beyond simply recommending products; he coaches clients so they fully understand what they’re investing in, empowering them to make informed decisions with confidence.

Passionate about doing things the right way, Samuel believes true wealth is built through clarity, consistency, and trust. His mission is simple: help families build wealth with confidence, and build wealth the right way.

Follow & Connect with Samuel Castillo:
(905) -978-9721
Instagram - https://www.instagram.com/sammytillo/
LinkedIn - https://www.linkedin.com/in/sam-castillo-9a093253/
Website - https://local.cooperators.ca/samuel-castillo-associates-en

Follow & Connect with Josh & Ehren:
Instagram - https://www.instagram.com/bldfinancial
Facebook - https://www.facebook.com/BLDfinancial
YouTube -  https://www.youtube.com/@bldfinancial

DLC National License: 12360
  
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