Understanding The Insurance Process for Timber Buildings
from WoodSolutions Timber Talks Hosted by Timber Talks
In this episode, we dive into the intricacies of insuring mass timber projects with Michael Hastings from M.D. Hastings Risk Consulting. Michael provides valuable insights into how the insurance market operates, the current availability of insurers for mass timber buildings, and the unique challenges that these innovative structures present in terms of insurance. He offers practical advice on achieving the best coverage and price in today's market, explores ways to improve the insurability of mass timber buildings, and discusses how the industry can handle major innovations on the horizon. Lastly, Michael shares his perspective on the future of construction and its implications for the insurance sector. Michael offers practical advice on achieving the best coverage and price in today's market, explores ways to improve the insurability of mass timber buildings, and discusses how the industry can handle major innovations on the horizon.
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