The pandemic has fostered a strong desire for clients to upgrade livings spaces, relocate or buy vacation homes. Research from Brookings showed that major metropolitans with populations of more than one million have seen a decline since 2019 with more people moving out of urban cores and into coastal cities.
With such a surge in movement towards the coast comes an increase in risks that many property owners may not have encountered before, such as floods and hurricanes, leading executive director at the Private Risk Management Association (PRMA), Lisa Lindsay (pictured), to emphasize the importance of having open lines of communication so brokers can mitigate these issues and ensure their clients have the right policy in place.
