When Rebuilding Costs More: Navigating Residential Reconstruction Risks

About this episode

Mary Roy discusses the rising costs and risks associated with residential reconstruction in the current market.

Rising construction costs coupled with widespread labor shortages have created a perfect storm for homeowners facing property losses. The gap between insurance coverage and actual rebuilding expenses continues to widen, putting families at significant financial risk.. Mary Roy, Senior Underwriting Team Leader at CRC Group, breaks down the complex factors driving this trend. The fundamental difference between new construction and reconstruction after a loss creates much of this disparity. Rebu...

People in this episode

Guest: Mary Roy

Topics covered

• residential reconstruction
• insurance coverage
• construction costs
• labor shortages

Keywords

• financial risk
• property losses
• new construction vs reconstruction

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