The American real estate market is in a crisis—in an unprecedented move, major insurance carriers are abandoning high-risk areas in Florida and California as insurance costs and premiums skyrocket. On the front lines of the crisis are real estate agents who must help their clients navigate the growing insurability issue.
Real estate agents must remain informed on both local and national market trends in order to properly advise their clients and provide them with options that do not require them to pay prohibitive costs or deny them homeowners insurance altogether. Agents should also be aware of the variety of solutions available, such as the many different types of discounts and deductible options that may be available.
In summary, the American real estate market is in crisis as insurance carriers abandon high-risk areas in Florida and California. It is therefore of the utmost importance for real estate agents to remain informed on both local and national market trends to provide their clients with the best options that are available. Agents should also be familiar with the various discounts, deductible options, and other alternative solutions that exist in the market.
You can read this full article at: https://www.housingwire.com/articles/insurance-carrier-exodus-rattles-california-and-florida-housing-markets/(subscription required)
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