Insuring Multifamily Properties

Insurance isn’t sexy until it is.When premiums jump 30%, claims go nuclear, and underwriters start saying “no,” suddenly it matters a lot.Katrina welcomes Eric Rich, Partner at McGowan Insurance Group, for a candid conversation about the real forces driving insurance costs in multifamily.From humble beginnings to leading a 60-person sales team, Eric shares:• Why the hard market hit so hard• How operators can proactively reduce risk• The truth about umbrella policies• Real claim stories (including a $7M case)• Why relationships matter more than everThis isn’t just about policies — it’s about protection, strategy, and leadership.