10.05.2022 - Homeowner's Insurance
The Major Impact of the Pandemic on Homeowners Insurance
Presented by Aryn Bates, Personal Risk Advisor
This webinar addressed how the COVID-19 Pandemic effected the construction industry and home renovation costs, along with causing global supply chain issues. Labor and material shortages combined with widespread demographic shifts changed the landscape for the Construction industry, combined with unprecedented catastrophic weather claims led the insurance industry to change their underwriting guidelines and appetites. Homeowners insurance policies have been impacted both from a premium and coverage standpoint.