Our portfolio has been getting hammered with massive increases year over year for our insurance premiums. I know most landlords are facing the same issue and I was hoping things would be stabilizing after many years of large increases but it is looking like we face another 40% + increase this upcoming year. We have a good size portfolio of older and new apartment buildings in 3 provinces and only one claim in the last 10 years. We've also raised our deductible to 30k. Using a broker and the feedback is many insurance companies are moving away from insuring apartment buildings and we have been way under market for a long time. Wondering what other multifamily landlords are paying per door for insurance premiums (include details on age/construction of building and location) and who they are insured by? Thank you for the feedback
Multifamily insurance
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I would email at [email protected]
Hi Tina,
I'm actually looking for an insurance broker who can help me with my properties located at Vancouver Island. Do you know if Alex would be able to help or any other recommendation for that area?
Appreciate your help!
Cheers
Tigran
Awesome, thanks!
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