How to Understand Commercial Property Underwriting & COPE

Description

Today's commercial property underwriters use the exact same information their predecessors used nearly 400 years ago:

• Construction
• Occupancy
• Protection
• Exposure

Combined, these four elements are known as "COPE underwriting."

There is no "magic" to commercial property underwriting. The "magic" is in knowing how these four key elements direct the property underwriter's decision one, to extend coverage, and two, how to price the property.