Mainstream Insurers Cautious on Multifamily Insurance Risks, Per Marsh McLennan Report
Marsh McLennan's report highlights that mainstream insurers are hesitant to cover multifamily properties due to concerns over valuations, safety, and operational discipline. The report notes that while renter demand remains strong, insurance and lender confidence are limited, especially in higher-crime areas. Coverage for multifamily portfolios is increasingly sourced from specialty insurance markets with higher pricing and stricter terms.
Topics: insurance market trends multifamily insurance real estate risk rental market dynamics