The Impact of Inflation on the Multifamily Insurance Process

Inflation has exerted its influence across various sectors, and the insurance industry is no exception. Insurance carriers have been impacted by the pressures of inflation, resulting in increased operational costs. Consequently, insurance carriers are compelled to limit their capacity and raise insurance rates to bolster their profit margins.

This trend has led to an increase of layered policies as a response to the evolving market conditions. The escalation of claims costs can be attributed to the rising expenses of supplies. As a result, these additional costs are passed on to insured individuals through augmented insurance premiums. In the state of Florida, we are witnessing substantial premium increases for multifamily properties, ranging from 38% to 48%.

To mitigate the impact of escalating insurance premiums, insured individuals are actively exploring innovative strategies to reduce their financial burden. These strategies encompass the adoption of larger deductibles, imposition of loss limits, and the utilization of non-traditional methods for transferring insurance risk, such as captives, risk purchasing groups, and self-insured programs. It is crucial to note that the implementation of these non-traditional programs necessitates a comprehensive and rigorous insurance review, coupled with the need for additional layers of approval from Lenders.

With an increase in insurance waivers that require scrutiny and support from Lenders and The Agencies, our industry experience enables us to help you navigate this non-traditional insurance market.

Contact Us to Learn More About Our Commercial Insurance Services

Share this post

In light of a recent increase in hiring scams, we have experienced fraudulent postings/accounts posing as our company.

To provide clarity and support for anyone applying to join our team, we want to share some information about our process. Our current openings are listed here; we highly encourage applicants to apply directly through our site.

After applying, our team will reach out to you directly from an email. Our interview process includes video calls or in-person interviews. We will never ask for personal payment, require you to purchase equipment during our process, or send an offer letter without an interview involving multiple members of our team.

Please always be sure to protect your personal information, and if you’re in doubt over the legitimacy of a job posting found on another site, review our listings here to verify.

Please report any hiring scams by going to

We looking forward to connecting!


Head over to our contact page, fill in your information, and we'll be in touch soon.