Mold Lawsuits Are Becoming a Major Risk for Apartment Owners

Mold is becoming a costly problem for apartment owners. Lawsuits involving mold and habitability issues are on the rise, with some jury awards reaching into the millions. At the same time, insurance costs are climbing and coverage is becoming harder to find in some markets. Kathy Fettke breaks down the growing risk for multifamily investors, what's driving the increase in claims, and how proactive maintenance and adequate reserves can help landlords protect their properties.

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Sources: https://www.bisnow.com/news/national/multifamily/multimillion-dollar-mold-lawsuits-multifamily-owners-habitability-insurance

https://www.cdc.gov/niosh/mold/testing-remediation/index.html