The Complex

Insuring Multifamily Properties


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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.

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The ComplexBy Katrina Greene