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Commercial real estate insurance rates increasing, but property owners can take steps to reduce premiums

Superstorm Sandy in 2012 followed an unprofitable 2011 year worldwide for insurers, so it should come as no surprise that coverage for insurance including commercial insurance is increasing in price. “Over the past year or two, we’ve seen slight increases in property rates,” said Brandt Galloway, a partner with Galloway Chandler-McKinney insurance, Columbus. “Upgrades to ...

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One comment

  1. This trend is nationwide, though states with or near coastal regions are certainly the most affected by rate changes – the increases are really felt by consumers in those states.

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