Insurance and renewal implications
Changing property exposure is shifting insurance conversations from “what’s the premium?” to “can you prove the risk?”
Property owners insurance market trends
What property owners should do
Property owners should stop treating exposure as a renewal problem and manage it as a board-level asset risk – map it, evidence it, cost it, prioritise it and prove how it will be controlled before a claim or insurer forces the conversation.
In a super El Niño year, the quality of the evidence pack may determine whether a portfolio is treated as a manageable risk or a capacity issue.
Owners who can evidence current reinstatement values, a clear maintenance and compliance record and a credible plan for managing claims in a surge are better placed to protect cover, terms and pricing.”
Keith Walters Director, Sedgwick Repair Solutions
