Portland Businesses Face Rising Insurance Costs, Decreased Coverage After Riots | Seattle RE Podcast

Insurance underwriters are taking riots and damage into account when choosing whether or not to renew some policies. In downtown Portland, plywood and graffiti are the new cityscape. Only, it isn’t new, anymore. Since late last spring, businesses have been…

Portland Businesses Face Rising Insurance Costs, Decreased Coverage After Riots | Seattle RE Podcast

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Insurance underwriters are taking riots and damage into account when choosing whether or not to renew some policies.

In downtown Portland, plywood and graffiti are the new cityscape. Only, it isn’t new, anymore.

Since late last spring, businesses have been dealing with damage and looting from riots and protests, most recently a New Year’s Eve riot organized by an anti-capitalist group. In May, Mercantile Portland on SW Alder suffered over $1 million dollars in damage and looting during a riot in response to the death of George Floyd.

Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.

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