Reports

While the public debate around the insurance crisis has largely focused on skyrocketing premiums in the homeownership market, an equally distressing trend of rising insurance rates in the multifamily sector threatens to destabilize America’s affordable housing portfolio.

Increasingly, insurance costs now outpace revenue growth, forcing providers to defer maintenance, assume higher risk, or exit the market, accelerating the loss of affordable homes.

This report explores the issues driving insurance challenges for housing providers and offers a framework to help solve them, shining light on ways to reduce property and liability policies through partnership and collaboration.

Practical guidance is shared across the report’s two toolkits. A practitioners toolkit focuses on how providers can reduce their risk exposure by exploring strategies for working with brokers, making resilience upgrades, and strengthening risk management processes.

A second toolkit for policymakers outlines levers such as implementing solutions that draw carriers back into the marketplace, creating incentives for mitigating risk, and achieving meaningful reductions to the costs of insuring multifamily properties.