What happens when property insurance stops feeling like a normal operating expense and starts changing whether the investment still works?
After seeing premiums climb and then receiving a quote of roughly $40,000, I started digging into what is happening in the insurance market, not only in Chicago, but across the country.
In this episode, I look at why multifamily property insurance costs have risen, why some regions are being hit harder than others, how homeowners are being affected, and what property owners can do when the brokers and carriers they already know seem to have run out of options.
This episode is based on my own experience plus public research and is for educational purposes only. Insurance availability, underwriting and coverage vary by property and market.
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