Summary: Remarketing helps high-net-worth individuals and families assess whether their current carrier still offers the right protection at the right price. The process goes beyond comparing premiums and requires updated documentation, new underwriting, and careful evaluation of inspections, coverage differences, and lifestyle changes. While rising costs often trigger a review, switching isn’t always the best choice—long-term carrier relationships and service levels matter too. With the right preparation and guidance, remarketing becomes a valuable opportunity to strengthen your overall insurance strategy.
Premium increases and market volatility often prompt individuals and families with complex insurance needs to revisit their coverage. Before exploring alternatives, it helps to understand the process known as remarketing—a detailed review in which an advisor gathers updated information about your homes, vehicles, collections, and risk-mitigation measures, then evaluates multiple insurance carriers to determine whether another option better aligns with your needs.
Remarketing is not the same as simply shopping for a lower premium. It involves new underwriting, updated documentation, and careful comparison of coverage differences that can significantly influence long-term protection. Understanding what the process entails helps ensure any changes strengthen your overall insurance strategy.
A higher renewal premium is usually the first trigger for reconsidering your carrier, but the increase itself doesn’t answer the bigger question of whether it’s time to move. Carriers regularly adjust pricing based on construction costs, loss trends, and their financial results. Before remarketing, it’s important to determine whether the change is due to market-wide movement or something specific to your account.
Homeowners are often surprised to learn how certain changes can affect premiums and placement options long before renewal, including:
Mid-term endorsements, which may only partially adjust pricing during the policy term
Evaluating these factors helps to determine whether switching carriers is likely to provide a true improvement.
A common misconception is that switching carriers is simple because prior application information exists. In reality, remarketing requires renewed underwriting and updated documentation. Carriers need current details about the home and occupants, including roofs, plumbing, electrical systems, HVAC, and recent renovations.
If you have secondary homes, rental properties, or vacation residences, you may be asked to provide documentation for each location, even if you’ve been insured for years. Coastal or high-risk properties frequently require elevation certificates or wind mitigation reports.
Inspections are standard for high-value homes, and many carriers schedule them within the first 30–60 days after binding coverage. The goal is to validate replacement cost, evaluate maintenance, and identify opportunities to reduce future risk. Inspectors focus heavily on the age, condition, and documentation of:
What often reassures clients is understanding why carriers take this approach. For high-value homes, an accurate valuation and strong risk-prevention strategy dramatically improve claim outcomes and help protect the property more effectively.
Premiums matter, but coverage differences matter more, especially when evaluating high-net-worth carriers against middle-market or excess and surplus (E&S) options. Key variations include:
A lower premium doesn’t necessarily mean better value if the underlying coverage is weaker or misaligned with your risk profile.
If you have jewelry, fine art, wine, or specialty collections, pay close attention to scheduling requirements and appraisal rules during remarketing. Items valued at $100,000 or more typically require a recent appraisal, updated every two to five years, depending on the carrier. Specialty items, such as rare watches or custom artwork, may require additional underwriting review. Understanding these requirements in advance helps avoid delays and ensures each piece is properly protected.
A lower premium from a new carrier does not always mean switching is the best choice. Long-term relationships with an insurance carrier can provide benefits such as:
We have seen some of our clients decide to stay with their current carrier after reviewing side-by-side comparisons. Seeing the differences in coverage, service levels, and long-term benefits helps bring clarity and often reinforces confidence in remaining with the existing insurer.
Carriers can also see how often a household has moved between insurers. Stability can support future underwriting requests and claims experiences, especially in unusual or high-stakes scenarios.
Preparing the right documents in advance allows for a faster, more accurate evaluation. Carriers commonly request:
Documentation not only speeds up the process; it also positions you to secure all available discounts and favorable pricing.
Remarketing isn’t simply about finding a lower premium. It’s an opportunity to ensure your insurance program reflects your lifestyle, property characteristics, and evolving risk profile. With the right preparation and a clear understanding of what carriers evaluate, high-net-worth homeowners can make decisions that strengthen their long-term protection.
If you’re evaluating whether it’s the right time to remarket your insurance program, contact B. F. Saul Insurance to review your coverage and explore the best path forward.
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