Senior Housing Insurance: A Story of Constant Change

Senior Housing Investors

Ready to unravel the complex web of insurance in the senior housing sector? This episode promises to provide a solid understanding of the ever-changing landscape of property insurance. Our expert guide through this maze is none other than Richard Dahm Jr., the Senior VP at USI Insurance Services. With over two decades of experience up his sleeve, Richard's insight is a goldmine for anyone involved in senior housing. He explains how the property insurance market is continually shaped by global events and our changing climate, leading to an increased rate of property claims since 2017 and consequently, skyrocketing insurance costs.
Navigating this space is not for the faint-hearted. Be prepared to face surprises when acquiring a property and seeking insurance quotes. Richard emphasizes the importance of due diligence and how different legal climates across various states can swing insurance costs wildly. But don't worry, there's a way to mitigate these risks - enter other insurance products. Moreover, picking an industry-specialized broker and doing your homework can help you secure the best loss ratio. So, gear up for an informative journey that's bound to save you time, money, and a whole lot of stress. Tune in now for an episode you can't afford to miss!

Chapters

1. Senior Housing Insurance: A Story of Constant Change (00:00:00)

2. Understanding Insurance in Senior Housing (00:00:19)

3. Senior Living Property Insurance Considerations (00:15:26)

4. Stay Informed About Insurance Importance (00:25:03)