As global economies move, investment and insurance markets do as well. As far as the insurance markets go, we’ve seen a lot of companies have their capacity cut, and/or rates increased. There are some large companies out there that may lose their programs all together. At REI Choice, our A+ rated program through Arcana and Lloyd’s of London is going strong. Our master polices were renewed, and we have plenty of excess capacity.
We are going to see some rate increases at the end of October though, so now is a great time to lock in some of the best rates in the industry. Any policy bound within the next two weeks will have their premium rate locked in for the next 12 months.
As part of our renewal, we’re also looking at the standard deductible increasing to $5,000. The standard deductible is currently $2,500. As long as you bind your policy within the next two weeks, you’ll have the $2,500 deductible locked in for the next 12 months as well!
If you have any questions, please call us at 214-247-7727.
Our easy online portal makes it fast and convenient to place new coverage. In less than five minutes, you can quote, bind, and print your insurance.
Thank you again to the hundreds of investors that trust us with their more than $100,000,000 worth of investment property. We’ll continue striving to meet your needs.