The climate crisis is already here, and the cost of real estate is being directly affected. Insurance premiums are skyrocketing, costs to build are rising, and your reserves need to be bigger than ever. Tornados, hurricanes, fires, and floods threaten your properties, so how do you protect yourself from what’s coming? Where are the least-affected areas, and how do you ensure your rental property portfolio doesn’t go up in flames or get drowned out by the rising tide?
Moody’s Analytics’s Natalie Ambrosio Preudhomme is on this BiggerNews to talk about one thing—climate catastrophes. Natalie spends her days looking through data on the financial implications of climate risk and how she can better help real estate investors navigate around or outright avoid the most devastating effects to come. Plus, researching what you can do to prevent property damage if you’re in an at-risk area.
Natalie outlines how climate risk will force more local governments to increase regulations (and fines), the safest investing areas in the country, and whether the sky-high insurance premiums can continue. Whether you’ve got rentals, commercial real estate, or just own your own home, these risks WILL affect you, so pay close attention to Natalie’s insight.
Dave:
Hey everyone. Welcome to the BiggerPockets Real Estate Show and this episode of Bigger News. I’m going to be your host today, Dave Meyer. And today we’re going to be talking to Natalie Ambrosio Preudhomme, who is a commercial real estate expert at Moody’s Analytics and she’s an Associate Director of Research there and she focuses specifically on climate. And we wanted to bring on Natalie today to this show because climate has been impacting real estate investors forever, but particularly over the last couple of years. I don’t know if you all have heard, but I’ve been talking to friends in California and in Florida and insurance costs are going through the roof. Some insurance companies are just leaving…