Climate change has increased the risk of natural disaster losses. This has led to a rise in real estate insurance premiums. Commercial real estate developers have voiced concerns over the threat posed by climate change to the stability of their investments. Buildings with good weather-proofing now allow clients to go back to their insurance companies with a new risk assessment and convince them to finance their home insurance policies.
Properties with climate-resilient features secure cheaper insurance premiums due to several reasons, including:
- They protect from hurricanes, flooding, fires and wind
- They reduce long-term costs by lowering their risk of property damage
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