Reinsurance rates are expected to rise this year, so it’s more important than ever for carriers to do everything they can to ensure the property details they have on their book are accurate and up-to-date. BuildFax observes that all too often, carriers are paying for more reinsurance coverage than they need because they’re not aware of the roofs being updated across their book of business.
This infographic breaks down this problem, which is very important since it’s one of the most common pitfalls carriers face during reinsurance negotiations.
