News

Insurance has become one of the most challenging and volatile expense categories for multifamily owners. Rising premiums, catastrophic weather events, higher reconstruction costs, and increased litigation continue to pressure operating budgets and long-term returns.

In a recent episode of IMG Insights, Investors Management Group’s educational video series, Dave Mikkelsen, Director of Investor Relations at IMG, sat down with Brandon Felus, IMG’s Risk & Compliance Manager, to discuss how disciplined insurance strategy and proactive risk management can materially improve asset performance.

For Parktown Living clients, the discussion highlights a key advantage of our platform: direct access to IMG Advisory Services, an affiliated suite of owner-focused services that includes in-house risk and insurance expertise.

Insurance Is No Longer a Passive Line Item

As Brandon explains in the episode, today’s insurance environment demands active oversight. Social inflation, escalating jury verdicts, natural disasters, and rising replacement costs have reshaped underwriting standards nationwide. Owners who rely on reactive renewals often face higher premiums, reduced coverage options, and limited negotiating leverage.

Through its affiliation with IMG Parktown Living integrates IMG Advisory Services’ Risk & Compliance function directly into property operations. This alignment allows insurance strategy to be treated as an operational and financial decision, not just an annual administrative exercise.

Turning Risk Management into a Value-Add

IMG Advisory Services applies a structured, portfolio-wide approach to insurance optimization, working alongside Parktown Living’s on-site and regional teams. Key strategies discussed in the episode include:

• Competitive bidding and carrier negotiations
• Thoughtful balancing of coverage, deductibles, and risk retention
• Active claims management focused on recovery and long-term cost impact
• Proactive maintenance and resident risk mitigation
• Ongoing compliance reviews and policy structure analysis

This hands-on, data-driven approach has delivered meaningful results across IMG-managed properties, helping stabilize insurance costs while maintaining strong coverage standards. For owners, these savings translate directly into improved NOI and increased property value (view full episode).

A Strategic Partnership Built for Owners

Parktown Living is an affiliate of IMG, which allows our clients to benefit from both best-in-class property management and institutional-grade asset management advisory services. IMG Advisory Services operates with the same owner-first mindset, focusing on asset protection, cost discipline, and sustainable long-term performance.

For owners evaluating management partners, this integrated model provides a distinct advantage. Insurance strategy, risk mitigation, and compliance are embedded into the operating framework, not layered on after the fact.

Learn More About Our Advisory Services

If you are a multifamily owner looking to gain greater control over insurance costs, reduce risk exposure, and protect asset value, Parktown Living and IMG Advisory Services can help.