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.
The upshot? For multifamily owners to weather the impact of this storm will require strategic collective measures from owners, insurers, lenders, and agency partners.
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