Excerpted from Multifamily Executive story.
Sometimes receiving a statement from your property insurance company can elicit the same feeling you get when you spot an envelope in the mail from the IRS: anxiety.
Indeed, multifamily owners are often shocked when they see large increases in their property insurance premiums. In response, you can look for other quotes, sure, but it’s easier to stay with your current carrier, right? But with the right information, you may be able to drastically reduce your premiums—and improve your coverage.