Balcony Collapse Underscores Importance of Risk Mitigation
Inside This Article: Heavy rains were likely to blame for a third-floor balcony collapse in Los Angeles involving four individuals and a dog. Balcony collapses are rare but can also
Habitational
Dedicated, Property-Only Experts to Help Clients Navigate this Challenging Environment
Habitational Insurance has become one of the most difficult insurance segments to market and place. Continued poor underwriter performance has caused many insurance companies to pull out of this area. This has resulted in reduced capacity offerings along with drastic term and rate changes. Unit fires, increased magnitude/frequency of wind/hail/wildfire events and unprecedented winter weather claims have resulted in double-digit or higher rate increases.
To meet these challenges, we established a dedicated group of property-only brokers who work in this segment daily. Their expertise gives our clients a partner who can help navigate this complex marketplace.
To meet these challenges, we established a dedicated group of property-only brokers who work in this segment daily. Their expertise gives our clients a partner who can help navigate this complex marketplace.
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Apartment
INTEL FOR BROKERS
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$425,000
PROPERTY OWNER IN TX WITH 5,000+ UNITS
$168,522
RESIDENTIAL CONDOMINIUM ASSOCIATION WITH 360 UNITS AND $62M TIV
$130,000
EXCESS $3M X/S $2M SECTION 42 HOUSING WITH LOSSES
$126,315
RESIDENTIAL CONDOMINIUM ASSOCIATION WITH 288 UNITS AND $45.1M TIV
Areas Of Specialty
Apartments
- Garden – Style
- High Rise
- Student Housing
- Government Assisted
Condos
Senior Living Facilities
Multi-Use Residential/Commercial
Rental Dwelling schedules
Wind only
Available Products
- All Risk/Special Perils including Wind, Flood and Earthquake
- Flood only
- Earthquake only
- Excess Coverage
- Builder's Risk
- Security Services
- Environmental Coverage
- Directors & Officers Coverage
- Fiduciary Liability
- Employment Practices Liability
- Errors & Omissions
- Cyber & Privacy Liability
- Kidnap & Ransom
- Terrorism
- Equipment Breakdown
- Sewer Back-Up
- Crime
Notice
Product Documents
Featured Expert
Barry Whitton
Managing Director
Broker, Property
Broker, Property
- Property (Commercial)
- Hospitality
- Habitational
Managing Director—Burns & Wilcox Brokerage- Barry oversees the brokerage operations in Atlanta in conjunction with his role as Property Producer. During his 38 years in the industry, Barry has…
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Your Local Team |
Senior Associate Underwriter, Commercial Insurance
Senior Assistant Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Senior Underwriter, Commercial Insurance
Manager, Commercial Insurance
Senior Underwriter, Commercial Insurance
Senior Underwriter, Commercial Insurance
Manager, Commercial Insurance
Senior Broker
Senior Broker
Senior Underwriter, Commercial Insurance
Manager, Commercial Insurance
Senior Underwriter, Personal Insurance
Senior Underwriter, Commercial Insurance
Senior Underwriter, Commercial Insurance
Senior Director, Excess Casualty
Associate Managing Director
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Associate Managing Director
Underwriter, Commercial Insurance
Underwriter, Commercial Insurance
Associate Managing Director
Broker, Casualty
Broker, Casualty
Associate Managing Director
Broker, Property
Broker, Property
Managing Director
Broker, Casualty
Broker, Casualty
Managing Director
Broker, Property
Broker, Property
Related Intel |
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Market Overview: Rising Demand for Apartment Rentals Will Define Habitational Insurance Sector
The U.S. is faced with an apartment shortage that is expected to get worse before it gets better. This is placing significant stress on the Habitational Insurance market with high
Burns & Wilcox has a great response time to getting a quote back to the agent and if there is a delay, they provide reasons to the delay. They also provide solutions to problems we sometimes run into when quoting particularly high risk/difficult properties.