what commercial property premiums did through the 2019–2024 hard market
Commercial property rate trend, 2019–2024
how fast carriers ratcheted insured values with automatic indexation, whether or not your building changed
Carrier inflation-guard indexation through the hard market
01
We review
We check your declarations and statement of values against public records, modeled replacement costs, construction classifications, and the protective credits you should be getting.
02
We correct
Errors get fixed mid-term with correction endorsements. The carrier returns the overcharge pro-rata, usually within 30–60 days. No penalty, no new policy, no change of carrier.
03
You’re refunded, then we’re paid
Our fee is a share of the premium that actually comes back. If nothing comes back, you owe us nothing. And if we place your next renewal, the review fee is waived entirely.
The math
$400K
What you’re billed
$368K
What it should be: 8% less*
- Overpaid this year
- $32,000
- A corrected value carries into your renewal
- × 2 years
- Back in your pocket
- $64,000
What would you do with $64,000?
Illustrative, not a quote or a guarantee. Assumes an 8% premium correction, within the range of documented mid-term findings; actual findings depend on each policy’s values, classifications, and credits, and some reviews find nothing to correct. Mid-term return premium is credited pro-rata for the months remaining on the term; the two-year figure assumes the corrected values carry into the first renewal at similar rates, and renewal pricing moves with the market. Construction costs genuinely rose through 2020–23, so a review can also conclude your values are right, in which case we tell you to change nothing.
How your case is built
Built from your building’s actual facts, not the carrier’s index.
Through the hard market, carriers raised insured values automatically, across entire books at a time, and priced conservatively wherever a submission left questions open. Redress rebuilds your file the way an underwriter wishes it arrived: verified construction, occupancy, and protection, defended replacement costs, every credit documented. Then we take it back to the carrier, line by line.
- 1 in 3
- or more of the policies we screen show at least one material error worth correcting
- $10–30K
- the typical return premium when a mid-market correction is granted
- $0
- what you owe if your review finds nothing, or nothing comes back
Every property type
on a policy
Redress screens commercial policies across the spectrum, from multifamily portfolios to single net-lease parcels.
Multifamily
Replacement costs, construction classes, and protective credits checked building by building, portfolio-wide.
Retail
Occupancy classifications and liability exposure estimates built from what your centers actually do.
Hotel
Business-interruption values set from actual earnings, not carrier defaults carried forward year over year.
Office
Vacancy and actual occupancy documented, so you’re not insured, and billed, for exposure you don’t have.
Industrial
Specialized improvements valued at real replacement cost, with sprinkler, alarm, and protection-class credits applied.
Other
Self-storage, senior living, mixed-use, land: if it carries a premium, it can be screened.
Your carrier won’t lower your premium on its own.
Insured values ratchet up automatically, classifications carry forward unexamined, and credits quietly fall off. Errors are ordinary, and the system leaves it to you to catch them.
See how a review works