Webinar: Navigating Insurance Challenges in CRE Underwriting
Watch Berkadia’s Beyond Insights Webinar: Navigating Insurance Challenges in Commercial Real Estate (CRE) Underwriting, hosted on August 10, 2023. Berkadia experts Dori Nolan and Laura Bushey, along with Danielle Lombardo, Chair, Lockton’s Global Real Estate Practice, offers her perspective into the significant tightening of the commercial real estate insurance market and the impact it’s had on premiums and coverage for multifamily investors. They examine the challenges faced by both brokers and lenders, providing valuable insights and practical solutions to navigate these hurdles. Whether you’re an industry expert or new to CRE, this webinar offers a comprehensive look at the evolving challenges in insurance underwriting and how to successfully overcome them. Learn from the leaders in the field and take your understanding of CRE insurance underwriting to the next level.
Key Takeaways:
- CRE developers, owners and brokers have called property insurance prices out of control and have requested lenders shift their insurance requirements to reflect the current times.
- Reliable property insurance quotes often don’t come in until the bidding closing.
- Most lenders require a property’s insurance policy to cover 100 percent of the replacement cost, which doesn’t match today’s marketplace.
