{"id":1004685235,"date":"2023-10-11T03:30:53","date_gmt":"2023-10-11T11:30:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004685235"},"modified":"2025-02-25T04:26:15","modified_gmt":"2025-02-25T12:26:15","slug":"poll-results-the-impacts-of-rising-insurance-costs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/poll-results-the-impacts-of-rising-insurance-costs\/","title":{"rendered":"Poll Results: The Impact of Rising Insurance Costs"},"content":{"rendered":"

\"\"<\/a>Commercial Property Executive’s<\/em> latest monthly reader poll<\/a> asked about the impacts that rising insurance costs are having on commercial real estate investment, development and property management. At a time of more frequent severe weather events<\/a> and declining property values<\/a>, owners and operators of commercial real estate have found their current coverage is increasing in price, bleeding into net operating income<\/a> in the process.<\/p>\n

In the first quarter of the year, property insurance rates increased by 20.4 percent, more than four times the previous quarter\u2019s hike<\/a> of 4.8 percent, according to a June article from the Insurance Business<\/em>. Additionally, the market for insurance has seen increased demand, at the same time as some carriers roll back their coverage of commercial properties.<\/p>\n

Consequently, the vast majority of respondents\u201482 percent\u2014stated that the rising costs are having some impact on their bottom lines, likely exacerbated by already strict insurance requirements on part of lenders, as well as inflated operational costs at properties located in regions vulnerable to hurricanes, floods and wildfires. Nine percent of respondents stated that they are either adjusting their strategy, possibly through disinvestment or building up resilience at their properties. The same number seeks to switch carriers that are willing to accommodate their assets\u2019 vulnerabilities.<\/p>\n

Click here\u00a0<\/em><\/a>to see CPE\u2019s latest poll, and the results of previous surveys.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Most respondents find that the increased rates are taking a toll on their bottom lines. <\/p>\n","protected":false},"author":3012,"featured_media":1004685236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,51037],"tags":[],"class_list":["post-1004685235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-trends"],"acf":[],"yoast_head":"\nPoll Results: The Impact of Rising Insurance Costs - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Commercial Property\u00a0Executives'\u00a0latest monthly poll asked about the impacts that rising insurance costs are having on commercial real estate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/poll-results-the-impacts-of-rising-insurance-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poll Results: The Impact of Rising Insurance Costs\" \/>\n<meta property=\"og:description\" content=\"Commercial Property\u00a0Executives'\u00a0latest monthly poll asked about the impacts that rising insurance costs are having on commercial real estate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/poll-results-the-impacts-of-rising-insurance-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-11T11:30:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-25T12:26:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/10\/1023_CPE_poll.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-the-impacts-of-rising-insurance-costs\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/poll-results-the-impacts-of-rising-insurance-costs\/\",\"name\":\"Poll Results: The Impact of Rising Insurance Costs - 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