Merlin Law Group’s Post

Real estate insurance rates surge 33% YoY, impacting owners' expenses. Thomas Lynch, Jencap’s senior vice president, explains why claims litigation plays a pivotal role. https://hubs.ly/Q022zgYQ0 #RealEstateInsurance #InsuranceRates #ClaimsLitigation #PropertyManagement #ExpertInsights

My colleague Somers Brewin has written an interesting insights article looking at property defects within a W&I policy and importantly what insurers are seeking to when considering making an exclusion with regards to property defects within a corporate real estate transaction. #lockton #insurance #realestate #commercialrealestate

Deciphering your title insurance commitment? Schedule A, B-1, and B-2 hold key information for a secure real estate transaction. Learn how each section affects your property deal. #RealEstateInvesting #RealEstate #LegalTips https://lnkd.in/gxFCsTGK

It is common for state, city, and local municipality building codes and requirements to change over time. As you may know, existing buildings that do not meet new codes are typically “grandfathered” from needing to make updates immediately. However, if a loss occurred at one of those grandfathered buildings, the location would need to be brought up to current code during the repair process before it could pass inspections.  Learn how Ordinance or Law coverage may help your investor clients. #REInsurePro #Ordinanceorlaw #ordinanceorlawcoverage #bringuptocode #bringuptocodecoverage #REI #Realestate #realestateinvesting #Insurance #propertyinsurance

Is it possible for a company to create positive outcomes for all materially interested parties? At sureti, we’re proving it’s possible, and we are not doing it alone. We’ve gathered a diverse group of specialists in related fields to gain actionable insights. Do you have the right strategic advisors? #insurtech #propertyclaims #claims #insurance #advisoryboard #restorationindustryassociation #sureti #underwriting #carriers #adjusters #contractors #restorers #heyitsyourmoney https://lnkd.in/gvmVXG7K

Insurance Appraisals RE Appraisers rely on bench mark costs, ratios and percentages to appraise property. Each property type of residential and commercial has it's own primary "unit-of-comparison" that is used as a comparitive parameter. In residential valuation & sales, the primary "unit-of-comparison is the price paid psf of heated or A/C area. In the Insurance Appraisal of residential condominiums, the primary "unit-of-comparison" is the replacement cost new (RCN) per SF of heated area. Therefore, the estimated RCN of site improvements should be calculated separately. Insurance companies want to see the RCN shown per building. The appraiser must include a site plan showing the buildings and the corresponding street addresses of units within each building.

We interrupt our regularly scheduled social media posting to talk business interruption loss calculations in claims processing. https://bit.ly/3wGPFCh https://bit.ly/43aft5N #policyholders #publicadjuster #claims #insurance #business

We interrupt our regularly scheduled social media posting to talk business interruption loss calculations in claims processing. https://bit.ly/48IaFFX https://bit.ly/3wM6Xh6 #policyholders #publicadjuster #claims #insurance #business

The Office Market... Availability rates in some of the country's largest office markets continue to rise. This chart with information from Savills tells the story, and for more commentary read the article from Wolf Richter in the comments below. _____________________________________________ Remember, Do Your Due Diligence When It Concerns The Title Insurance For Your Real Estate Purchase In New York! And when you get a title bill, always get a second opinion from another title insurance provider! The non-premium title bill charges can vary widely! Watch 'Do You Ever Wonder About Title Insurance? Maybe Not, But You Should' at YouTube using the link in the comments below. Hallmark Abstract Service...You Buy Real Estate, We Protect It! (646) 741-6101, info@hallmarkabstractllc.com #titleinsurance #officeleasing #commercialrealestatebroker #nyrealestate

Deep dive into April commercial property renewals from Kyoung-son Song. It's a varied picture but flat renewals are becoming more common as property rate momentum slows. #insurance #insurancenews