RATES ARE FALLING, BUT COVERAGE IS SHRINKING: THE NEW INSURANCE TRAP FOR LANDLORDS Multifamily property insurance premiums are starting to show signs of leveling off— and in many cases, even trending downward—offering a welcome shift after the recent market volatility. However, these rate decreases are largely dependent on location and individual risk profile. Costs are expected to remain up in more high-risk-prone regions, particularly in states like California, Texas, and Florida. Many of these risks will still not be eligible for admitted carriers and will instead have to seek coverage or remain under the non-admitted marketplace. THE TRUTH ABOUT NON-ADMITTED INSURANCE CARRIERS While many landlords in high-risk areas or with high-risk properties are familiar with non-standard markets, many are newer to these options and can experience some hesitation or even fear.
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