Property insurance costs in Florida, coastal Texas and parts of Louisiana have continued to climb at multiples of the broader inflation rate.

Family-office allocators underwriting multifamily and short-term-rental portfolios in those geographies are now treating insurance as a primary risk line.

Some sponsors have shifted toward larger deductibles and parametric-style cat coverage to keep operating cash flow viable.

Risk-management committees are increasingly approving capex tied to wind-mitigation and flood-resilience features.