- Urban properties in higher-crime areas present more potential for tenant or guest injuries and incidents.
- Older multi-family buildings with outdated infrastructure can lead to slip-and-fall accidents, fire hazards, or structural failures.
- Short-term rentals often have high guest turnover, less oversight, and an increased likelihood of property misuse or injury.
- Properties with shared amenities like pools, gyms, or recreation rooms introduce additional exposure.
Carrier behavior & underwriting
As liability losses continue to mount, carriers are becoming increasingly cautious in their underwriting approach. Many insurers are already pulling back on the types of risks they’re willing to take on. As mentioned previously, multi-family properties with many occupants, properties located in areas with high crime scores, and those showing signs of poor maintenance (such as loose handrails, uneven walkways, or aging decks) are all under greater scrutiny.
