Blog

Habitability Claims & Commercial Property

An increasing amount of property owners were faced with habitability lawsuits in recent years. In California, juries are handing down million-dollar awards in lawsuits to plaintiffs claiming apartment complex owners failed to maintain ‘habitable’ properties. A civil jury in Alhambra awarded a Los Angeles family $1.6 million in a bedbug case. It was the biggest […]

Senior Living Apartment Insurance

McGowanRisk-senior-living

Today’s senior citizens are looking for new opportunities to meet new people, travel, and stay active. This mentality to connect and stay active has led to many seniors choosing to live in communities rather than isolated retirement locations. In senior communities, homes, condos, and apartments are often built with seniors in mind, but technically they’re […]

Preventing and Preparing for Apartment and Condo Hailstorms

McGowan-Risk-Hailstorms

With all the great things spring brings us, it delivers that nobody likes — hail and hail damage.  Hail visits us every spring due to the cold air from the north clashing with the warm, humid Gulf of Mexico air and sets the stage for intense thunderstorms. These storms cause weather events from strong winds and […]

Wind Buyback Insurance: Everything You Need to Know

wind buyback

With an expanding population and more emerging businesses, property exposure to wind and hail-exposed areas is increasing. As a result of an aggregation of values and increases in losses from natural disasters, we’re seeing more property carriers adding high wind and hail deductibles on their commercial line policies. Many insureds decide to “buy down” deductibles […]

Rising Property & Deductible Price Solutions

wind deductible

As we enter the 4th quarter of 2020, there is no end in sight of increases in property and deductible prices. Extreme weather patterns are perhaps the only thing we can predict with accuracy. Combined with COVID-19, most of the property market continues to harden at an increasing rate, despite a strong capital position.  So […]