Conditions for property insurance buyers are challenging across all industries, but especially so for real estate. As the close of the second quarter approaches, habitational real estate buyers are typically renewing with far greater rate increases than buyers in other sectors. Buyers with significant catastrophe exposures — including those with properties in Florida and Texas and along the Gulf Coast — and/or less favorable loss histories face especially difficult conditions.
To obtain the best possible results during upcoming property renewals, real estate buyers should focus on:
High-quality underwriting submissions.
Alternative risk options.
Explore our real estate market update for more insights.