Tis the Season...Of Insurance Non-Renewals and Increases

As commercial real estate (CRE) owners, brokers, or property managers face rising insurance challenges, strategic positioning is crucial.

For Brokers: Protect your client relationships and drive transactions by preempting insurance-driven deal delays. Guiding clients with proactive strategies elevates your value and accelerates closures. For stuck deals, we work with potential buyers to get a more precise insurance figure and have gotten a few deals over the finish line for our broker partners.

For Owners: The reshuffling by traditional insurers could mean non-renewals or steep 30-150% price hikes. Working with one broker is PARAMOUNT, regardless if it's Higginbotham or someone else, because multiple brokers dilute leverage amongst carriers and it lowers underwriter trust on whether or not they should put their best foot forward. If you are in a property management program, many times they will outperform the market pricing, but that doesn't mean that it's not worth exploring options in the open market.

For Property Managers: As mentioned previously, a well-structured master program often surpasses market pricing, all while retaining clients and easing their administrative load. Master programs are easily scalable, and any property manager has an insurable interest in the properties they manage. Programs can be started with as little as 2 managed properties up to 100+ properties. There are also two additional insurance products called TLL and Downpayment Eliminators that are huge value adds that can become profit centers for PMs.

Why Wait? Collaborate early, secure leverage, and safeguard your revenue. Let’s align your CRE strategy to overcome challenges and stay merry through the season!

Reach out today to plan ahead: [email protected] or 720.926.2146