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Burgeoning Insurance Costs for Real Estate

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Burgeoning Insurance Costs

South Florida has been hit hard by years of severe storms, predictably causing insurance premiums to rise for condos and commercial buildings alike. But the region is not the only one likely to face rising rates. Several factors, including worsening catastrophes, strained insurance carriers and a downturn in the reinsurance market all suggest insurance rates will rise for many U.S. properties. For real estate property owners and investors, a burgeoning insurance crisis calls for increased diligence and proper mitigation strategies to ward off higher premiums while maintaining adequate coverage. Access your free White Paper by filling out the form.