Today we have a special guest who understands the complexities of the commercial insurance market from all angles. Tom Panos has been a leading commercial insurance broker for over 20 years, protecting the assets of real estate investors across property types and geographies.
Tom also keeps a close eye on the ever-changing insurance landscape. From evaluating loss ratios to analyzing the impacts of weather events and legal trends, Tom has an in-depth grasp of the factors driving carrier decisions. Tom's expertise and creative solutions have been invaluable for clients facing restricted underwriting and rising costs in this challenging market.
Tune in for more and learn how to make informed choices in this complex insurance landscape.
Highlights:
03:18 The state of the insurance market
07:34 The rate increase trend and changes in coverage
12:53 The percentage of building limit
15:30 Things to consider when you’re choosing a lender
18:05 Self-insuring and builders risk
21:06 Wind hail deductibles change
26:04 Managing risk through reinsurance
31:22 Lender requirements and casualty insurance increases
35:28 Increased rates and limited options for building owners
37:35 The risk of podium-style construction
43:15 Understanding your options
47:15 How to get in touch with Tom
Get in touch with Tom Panos:
Email: tom.panos@bks-partners.com
Direct line: 847-940-4228
What is Breneman Blueprint: Real Estate and Entrepreneurship Podcast?
Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.
In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, or simply looking for an alternative to the stock market, this podcast is for you.