Insurance Looms Large for Multifamily Owners

As insurance rates rapidly balloon by more than 100% in some markets, multifamily owners need new solutions.

By Marc Suarez | August 03, 2023 at 04:11 PM

Property owners and operators in coastal regions and other high-risk markets—such as Florida, Texas, and California—are facing skyrocketing insurance costs that could more than double this year.

Fast-dwindling insurance capacities and historical changes in the reinsurance market are sparking urgent calls for proactive solutions across the multifamily industry.

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