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Annualized average insurance premiums for U.S Multi-Family properties have skyrocketed.  Reports show increases ranging from 27.7% up to 33% year-over-year to a total increase of 129% since 2018.  This is due to natural disasters and energy grid issues combined with soaring replacement costs and property values.  In a handful of markets, the challenges have been further exacerbated by insurance carrier exits.  And in some markets, property owners are paying far more depending on a property’s location, building type, and their own company scale.  The big challenge for many MF Owner/Operators is that the business model for acquisitions in recent years was based on insurance premium estimates that are now significantly higher.  And, big spikes in insurance costs tend to be sticky.   Unlike interest rates, property owners can't bet on a future decrease substantially pushing down costs.

If you are looking for strategies to help lower your property insurance premiums, don’t miss this chance to speak with a panel of Multi-Family Property Insurance experts at this year’s Insurance Roundtable.  A dozen agents and brokers will take questions and offer their collective wisdom on this thorny issue.

Sponsored by Madison Commercial Real Estate Services