Commercial Real Estate, Capital, Insurance, Leasing & Management

Insurance market Update

Multifamily

Franklin Street hosted a Virtual Panel Discussion to over 300 multifamily owners that explained the impact and causes of the hardening insurance market. View specific solutions we’ve found to be most effective in dealing with these common challenges on this page.

Challenges for
Multifamily Owners
in 2021

Why are we seeing continuous rate increases in the market?

10 years of rate decreases
Increased claim activity
Lower interest rates
covid impact

Solutions to Overcome the Hard Market Challenges

SWIPE FOR ADDITIONAL VIDEOS

Acquisitions

Assault and Battery

Bifurcated Placements

Flood

Increased Deductibles

Insurable Values

Levers to Pull

Loss Experience

Umbrella Increases

Underwriting Data

Virtual Panel Discussion Poll Results

Which line of coverage have you seen the most increase in?

Property
49%
Liability
10%
Umbrella/Excess
41%

What is the average increase that you’ve experienced for your assets?

Decrease
3%
0-10%
12%
10-20%
45%
20-30%
24%
30%+
15%

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