Survey of Insurance Costs for Multifamily Buildings
Survey of Insurance Costs for Multifamily Buildings
Free download This report, authored by Dr. Pieter VanderWerf and Nicholas Haidari of Boston College provides the results of a survey of insurance costs for both wood-frame and concrete buildings. All insurance quotes showed the concrete building less costly to insure than the wood-frame building. Some insurance agents suggested that the gap between rates for wood-frame and concrete is likely to grow in the future and that a growing number of insurers are declining to serve as sole insurer for wood-frame apartment buildings.
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