Markets in Focus :: Healthcare Q3 2023
September 6, 2023
In the immediate future, the senior housing industry will have to tackle various challenges such as increased costs due to labor shortages, inflation, and rising interest rates. However, there is a positive aspect – lower rates of new construction compared to past trends, which could have a positive impact on existing communities.
To avoid the risk of business interruption losses, it is crucial for businesses to review their insurance replacement cost property valuations promptly. This process will ensure that your exposure levels are accurately assessed. As replacement costs are rapidly changing, property owners must maintain insurance limits that reflect these changes. This guarantees that you are adequately covered for potential replacement costs. Find out more in our Markets in Focus: Healthcare – Senior Housing
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