Real Estate Manager’s Survival Guide in a Hard Insurance Market

Because of losses in catastrophe-prone areas and other hard market factors, insurance carriers have pulled back the amount of insurance they’ll offer. Despite the hard market, real estate owners and operators that have well-maintained properties and who are prepared for catastrophes will have an advantage. Overall, the formula for a better insurance rate and coverage is straightforward—owners and operators should undertake preventative maintenance, consider alternative insurance options, and partner with the right insurance broker who will help reduce premiums over the long term. A checklist is also provided here to help choose the right insurance broker.