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Get Your Best Multifamily Insurance Quote in December 2024
Find the right insurance policy to protect your multifamily investment through our experienced team at Janover Insurance Group.
Get your free, no-obligation multifamily insurance quote today.
Whether you own or are developing affordable housing or market-rate multifamily, finding the right insurance for your building is an essential part of making your investment work. This is particularly true for properties with HUD financing, as HUD loans come with a number of critical insurance requirements.
The average cost of insurance for multifamily properties has jumped by 20% to 40% per year since 2021 — and much, much higher in specific markets.
This means you need to be thoughtful and thorough when choosing your policy, whether you're renewing or getting your first insurance package for an investment or development.
Even if you review every single policy out there — though, please don't put yourself through that — there are some steps you can take to lower your costs (or at least slow your increases) regardless of your insurer and policy.
For example, implementing robust risk management controls, taking concrete steps to better screen prospective tenants, and even something as simple as collaborating with the local police to create a neighborhood watch program can contribute to savings.
Still, shopping around for the right policy is, hands down, one of the best ways to keep costs under control. Janover Insurance Group, founded in 2024, offers an excellent service in finding the best-fit coverage for your apartment building.
By using Janover, you can get:
- Access to top-rated insurance carriers with a proven track record within the multifamily industry
- Competitive rates negotiated on your behalf, thanks to our strong relationships with carriers and our understanding of the multifamily sector
- Responsive, hands-on service from our friendly and knowledgeable team and partners, who are ready to offer guidance and field any questions, day or night
- Convenient online tools and resources to help you stay informed about industry trends and best practices
So: Be sure you're protecting your multifamily investment from any unnecessary risk, and get the best policy to safeguard your property. All at a price you can afford.
Take a moment to get a free, no-obligation multifamily insurance quote.