Results: 2011 Cost of Risk Insurance Benchmarking Survey - NMHC

Apartment industry insurance costs rose for the first time in four years, according to NMHC’s 2011 Apartment Cost of Risk Survey (ACORS), although the increase was nominal and limited to a couple of lines of insurance.

According to the results, the average (nonweighted) Total Cost of Risk (TCR), went up 1% between 2010 and 2011. (Total Cost of Risk reflects the costs of risk for the key exposures of property, including business income, general liability and workers’ compensation.)

Nevertheless, the mean average property cost of risk, which accounts for close to 70% of the average apartment firm’s insurance budget, actually decreased by 1% in 2011.

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