3 Natural Disasters That Influence Real Estate Investment Costs

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This is a podcast episode titled, 3 Natural Disasters That Influence Real Estate Investment Costs. The summary for this episode is: <p>In Florida alone, 3.9 million properties are located in high fire hazard areas. </p> <p>While your insurance may cover repairs due to wildfires, natural disasters can still affect premiums, class action lawsuits, as well as direct and reinsurance markets,</p> <p>In today’s episode, we’re joined by <a href="https://www.linkedin.com/in/andrew-douglas-20b68b31/">Andrew Douglas</a> and <a href="https://www.linkedin.com/in/allie-carter-6811b5162/">Allie Carter</a> from <a href="https://global.lockton.com/">Lockton Insurance</a>, who explain how risks related to local climate and population density, among other factors, affect insurance premiums for investment properties.</p> <p>Join us as we discuss:</p> <ul><li>The impact of wildfires on the insurance market</li> <li>How insurance needs change when investors pivot from single to multi-family properties</li> <li>How local climate and population density increases insurance risks</li> </ul> <p>To stay up to date on The Real Estate of Things, check us out on <a href="https://podcasts.apple.com/us/podcast/real-estate-of-things/id1583817903">Apple Podcasts</a>, <a href="https://open.spotify.com/show/1dXWI6nxbw2X3D3ovc7q1N?si=kyE3Y_aNRFGEvnWy4ZN4Rg">Spotify</a>, or our <a href="https://limaone.com/podcast/">website</a>.</p> <p>Listening on a desktop &amp; can’t see the links? Just search for The Real Estate of Things on your favorite podcast player.</p>

DESCRIPTION

In Florida alone, 3.9 million properties are located in high fire hazard areas. 

While your insurance may cover repairs due to wildfires, natural disasters can still affect premiums, class action lawsuits, as well as direct and reinsurance markets,

In today’s episode, we’re joined by Andrew Douglas and Allie Carter from Lockton Insurance, who explain how risks related to local climate and population density, among other factors, affect insurance premiums for investment properties.

Join us as we discuss:

  • The impact of wildfires on the insurance market
  • How insurance needs change when investors pivot from single to multi-family properties
  • How local climate and population density increases insurance risks

To stay up to date on The Real Estate of Things, check us out on Apple Podcasts, Spotify, or our website.

Listening on a desktop & can’t see the links? Just search for The Real Estate of Things on your favorite podcast player.