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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 ever This isn’t just about policies — it’s about protection, strategy, and leadership.