In this episode of Windermere Ask a Coach, host Michael Fanning sits down with insurance experts from Moreland Insurance Agency to discuss the current state of homeowners insurance and its impact on real estate transactions.

• Maggie Cooper - CEO of Mooreland Insurance Agency (19 years in the insurance industry)
• Alex Busilacchi - Director of Sales for Mooreland Insurance Agency (4 years of experience specializing in real estate transactions)

• Boutique insurance agency offering commercial insurance, personal insurance, and employee benefits
• Specializes in working directly with real estate brokers and their clients
• Provides comprehensive insurance solutions beyond just homeowners insurance

• Industry experiencing a "hard market" with higher premiums and tighter underwriting guidelines
• Impact of weather catastrophes and climate change on insurance availability
• Importance of early insurance consideration in the home buying process
• Effects of previous claims history on new homeowners insurance policies
• Rising costs due to factors like inflation and natural disasters

• Insurance should be one of the first considerations in the home buying process
• Previous water damage claims can significantly impact insurance availability and costs
• Importance of working with a personal insurance agent versus relying on apps or AI
• Annual insurance policy reviews recommended
• Understanding the value of proper coverage versus focusing solely on cost

• Treat insurance history like credit history
• Consider insurance as a catastrophic tool rather than a maintenance policy
• Understanding the importance of replacement cost coverage
• Benefits of working with an independent insurance agency
• Flexibility in bundling options through independent agencies

• Website: morelandagency.com
• Services: Available for both independent clients and Windermere associates
• Availability: Accessible for urgent needs, including evenings and weekends
• Regular presence: Weekly visits to Windermere sales offices

For more information about the podcast or to suggest future topics, contact Michael Fanning at [email protected]