We insure all types of real estate from the ground up. In recent years, new trends in the real estate industry have become mainstream and very popular.
These two trends are “Green Buildings” or sustainable, eco-friendly buildings and “Mixed-Use Buildings” that combine two or more occupancy types.
The combinations have included:
- Retail and residential
- Office and residential
- Hotel and residential (condotels)
- Office, retail and residential
Both trends have resulted in creative innovations from insurance carriers, based on the need to protect owners, builders and managers of these property types from exposures not previously contemplated by underwriters or actuaries.