2015 Apartment Insurance 
Buildium
JUNE 12, 2025
The state has experienced consistent net outmigration since 2015, particularly in small towns and rural areas, a trend that only accelerated during the pandemic. However, its affordability sets it apart—even in a region that tends to have a lower cost of living than much of the rest of the U.S.—and Multifamily Cap Rate (Q3-’24): 8.3%
American Apartment Owners Association
FEBRUARY 13, 2025
Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. In the wake of tragic balcony collapses, such as the 2015 Berkeley balcony failure , California legislators enacted Senate Bills 326 and 721 to prevent similar disasters.
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Hospitable
MARCH 24, 2025
AirCover for Hosts includes guest identity verification, reservation screening, $3M Host damage protection, $1M Host liability insurance, and a 24-hour safety line. Houfy vs. Airbnb: General Facts Founded in 2015, Houfy markets itself as the largest vacation rental direct booking advertising platform, designed to maximize host independence.
American Apartment Owners Association
JULY 14, 2025
SB326 was introduced in response to several tragic incidents involving the collapse of elevated structures in California, the most notable being the 2015 Berkeley balcony collapse that killed six people. Increased insurance premiums. For HOAs, this means a significant shift in responsibilities, risk management, and long-term planning.
American Apartment Owners Association
AUGUST 11, 2025
Location Year What Happened Casualties Payout / Verdict Berkeley, CA 2015 5th-floor balcony collapse 6 dead, 7 critically hurt ≈ $20 M+ (partial + confidential) San Francisco, CA 1998 4th-floor balcony collapse 1 dead, 1 permanent brain injury $12.39 Smaller HOAs can’t absorb that hit—nor can most landlords.
Real Property Management Choice
JULY 21, 2015
This law applies to any lease executed, renewed or extended on or after 1st July 2015. The tenant is required by the law to maintain a $1,000,000 lessee’s general liability insurance policy.; However, this law exempts properties with less than five parking spaces or properties with subject to rent control.
American Apartment Owners Association
NOVEMBER 27, 2024
Staying informed about local codes, regularly updating lease agreements to reflect current regulations, and maintaining adequate insurance coverage are essential components of legal compliance. The escalating average legal verdicts in real estate from 2015 to 2019 underscore the importance of prioritizing legal compliance measures.
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