Subsidized & Affordable Housing

More and more people are investing in multifamiliy buildings, but without comprehensive insurance coverage you might just be burning a hole in your wallet. Apartment owners often have to learn the hard way that nothing is “routine” when it comes to, for instance, ‘routine’ plumbing or electrical updates. We’ve worked with owners who have seen simple maintenance calls sprawl into full-on systems overhauls and complex builds required to meet code. Without proper coverage, time-consuming jobs like these can demand thousands in labor costs and result in the loss of rental income until completion. In other words, your investment can badly backfire.

If that’s not rough enough of a scenario for you — consider this: without the right coverage a property owner can actually do worse than simply watching their investment swirl around the drain. For example — even if you are an owner who outsources a third party to screen and approve public housing tenants, you can be named in a housing discrimiation suit if you don’t have appropriate liability coverage. And even if you outsource management of your property’s daily functions to a third party — and do little more than collect checks — you might be subject to constant, daily risk with every passing hour. Without the right coverage, your investment can not only threaten your long-term fiscal stability, it can land you in court, and follow you around. Not fun.