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Commercial property: renewal

Renewal coming up, or non-renewed? Start early.

Strong renewals start months before expiration. If you've received a non-renewal, the clock is already running, so we start right away.

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A two-story Spanish-style retail building with arches and palm trees on a street corner.

What usually goes wrong

  • The renewal starts a few weeks out, so there's no time to market the account.
  • A large increase arrives with no alternatives.
  • A non-renewal notice sits in an inbox.

How we handle it

  1. Review your current program and loss history.

    We read your policies and five years of loss runs, the insurer's report of past claims.

  2. Update your statement of values.

    The statement of values is the schedule of each building and its values. Outdated values are a common source of problems at claim time.

  3. Take the account to market.

    With a complete submission, so insurers have what they need to quote.

  4. Show you options side by side.

    Including what changed from last year, and why.

  5. Bind before expiration and update your lender.

    Your lender gets the renewal evidence of insurance and certificates without having to ask.

What to have ready

  • Your current policies
  • Your statement of values
  • Five years of loss runs
  • Your policy expiration date
  • Any non-renewal notice
  • Your lender's insurance requirements

Don't have everything? Start anyway.

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Timeline

Every step is planned back from your date.

  1. Start early
  2. Statement of values and loss runs updated
  3. Account taken to market
  4. Options compared with your broker
  5. Coverage bound, lender updated
  6. Policy expiration date

Common questions

What do you need from us?

Your current policies if you have them, a statement of values, five years of loss runs, and your lender's insurance requirements. Missing something? Start anyway.

Do you work with surplus lines insurers?

Yes, when the standard market can't place a property. We'll explain what that means for your coverage before you decide.

Do we have to move every policy to you?

No. That's your choice. Many clients start with one property or one renewal.

How are you paid?

Insurers pay us a commission when we place your policy.

See how we're paid

Have a date coming up?

Tell us what's happening and when. Your broker will reply within one hour on business days.

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