Insurance renewal should be more than simply accepting last year’s policy. An annual review is an opportunity to identify coverage gaps, update property values, improve underwriting, and potentially reduce future premium increases. At Prosperity North Advisors, we help assisted living owners prepare well before renewal so there are no surprises.
Topics Covered
• When to begin the renewal process
• Information underwriters request
• Reviewing resident census
• Updating payroll and operations
• Claims review and loss runs
• Property valuation updates
• Professional Liability and SAM limits
• Risk management improvements
• Marketing your facility to underwriters
• Annual insurance checklist
PNA Pro Tip
Start the renewal process at least 90 days before expiration. Early preparation gives your advisor time to negotiate with carriers, address underwriting concerns, and explore alternative markets if necessary.
Call to Action
Need help preparing for your next assisted living insurance renewal? Prosperity North Advisors specializes in assisted living facilities and can review your current program to help you avoid coverage gaps and unexpected renewal increases.
About Prosperity North Advisors
Prosperity North Advisors provides insurance solutions for assisted living facilities across the United States, combining industry expertise with proactive risk management and personalized service.