The Foundation for Community Association Research Factbook reported that 52.9% of U.S. housing was built prior to 1979, leading to aging roofs, failing plumbing, and more.

"The habitational market has long been claim-ridden," O'Connor Corrigan says. “High frequency, high severity—you know, the insurance covers accidents that are typically confined to one home, but now imagine it's spreading to your neighbors."

Visit this link to listen to this podcast, a highly enlightening 30-minute trip through the current challenges of the multi-family housing insurance market. 

Last Updated: October 6, 2023

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