High-value homes present a parallel issue. In markets where multimillion-dollar properties are increasingly common, traditional policy structures often fail to meaningfully balance risk. “People balk at a $10,000 deductible,” Kussurelis said. He suggested layered approaches and greater self-insurance, long standard in commercial lines, had yet to permeate personal lines.
Soft property markets test underwriting discipline under rising capital
By Awais
