Property Insurance Roundtable

This discussion will take an in-depth look at insuring the many exposures and losses that result from disastrous catastrophes. While multi-family buildings offer many amenities to residents such as maintenance and lawn care, which allow for a simplistic and flexible lifestyle, the insurance policy to cover them are anything but. Apartments and condos are often inadequately insured, and the risk posed for those who own or reside in them is high. For further insight on this topic, please see the corresponding Adjusting Today article: “Multi-Family Complexes (Apartment and Condo): An In-Depth Look at Insuring the Many Exposures and Losses.”   Key Takeaways: [1:57] Defining what constitutes a multi-family property. [2:19] How do multi-family exposures differ from typical residential or commercial exposures? [3:13] Why, by law, must multi-family property owners purchase adequate insurance coverage? [4:45] Does preparing a multi-family policy take more foresight and planning than a conventional homeowners policy?