Insurers still treat affordable housing as less desirable, but Nathan Kerr begs to differ
Insurers often misjudge affordable housing as high-risk, even when properties are well-maintained and code-compliant, leading to inflated insurance costs that can jeopardize project viability. Brokers like Nathan Kerr are pushing to change this perception.
As premiums climb and coverage limitations increase in the insurance market, affordable housing providers find themselves in a dire situation. In some regions, coverage is only available through high-cost surplus lines, creating new financial barriers in a sector already stretched thin.
Nathan Kerr has spent his entire 25-year career at Scott Insurance, where he launched the affordable …