Landlords face sharp rise in rental property insurance premiums due to climate risks
Updated
Updated · Entrepreneur · Apr 28
Landlords face sharp rise in rental property insurance premiums due to climate risks
12 articles · Updated · Entrepreneur · Apr 28
Multifamily insurance costs rose over 75% between 2019 and 2024, with premiums reaching $68 per unit monthly in high-risk states like Florida, Nebraska, and California.
Insurers are tightening coverage, raising deductibles, or exiting markets, forcing landlords to pay more for less protection and squeezing profit margins, especially where rent increases cannot offset costs.
Persistently rising premiums threaten investment returns and could reduce housing supply, particularly for affordable housing providers, as climate-driven disasters and higher rebuilding costs reshape risk models and insurance markets nationwide.
Reinsurance costs are falling, so why do landlords still face record-high insurance premiums?
Which property resilience upgrades offer landlords the biggest break on insurance costs?
How is the insurance crisis creating new barriers to affordable housing and homeownership?
As entire regions become 'uninsurable,' who will ultimately bear the financial cost of climate risk?
Could a federal reinsurance program be the key to stabilizing the US housing market?
Is the insurance market's 'shrinkflation' a sign of its collapse or a necessary evolution?