It’s no secret that 2024 continues to look like a challenging year for the multifamily industry. At this point most property management companies have taken the obvious steps to control costs, maximize revenue, and reduce risk, but many are asking, “What else should we be doing to secure our financial position?”
For those that haven’t reviewed their insurance requirements and options, now is the time. Even with rising property insurance rates and carriers abandoning some markets, there are actions you can take to put your properties in a better position and lower risk for insurance carriers. Taking these actions can potentially help you secure lower premiums, have a broader claims pool to draw from, and provide more ancillary income for these properties to deliver even better financial results YOY.
Download this on-demand webinar and hear from ePremium’s Bob Clouser. He’ll discuss changes that property management companies have made to allow them to take advantage of these insurance opportunities.
