DENVER, Colorado (Aug. 31, 2026) — TrueNorth Companies L.C., a Cedar Rapids-based risk management and insurance brokerage firm, announced a new property program designed to help community associations and apartments owners, including affordable housing and student housing properties, secure broad coverage at a competitive price.
As buildings get older, they lose access to standard insurance markets. Once a property passes an insurer's internal age cutoff for new business, most carriers will renew coverage but won't write it fresh, shrinking the pool of available markets and driving up prices for owners with fewer options.
TrueNorth built the program around an internal underwriting facility, allowing the firm to evaluate each property on its own merits rather than applying blanket restrictions based on a building's age or claims history. The approach gives TrueNorth more flexibility to structure pricing, terms and coverage around a property's risk level, without the co-insurance penalties or coverage restrictions that often apply to older buildings in the traditional market.
The program is built to serve community associations — condominiums, homeowners associations and townhome communities — as well as apartment properties across the market-rate and affordable housing and student housing spectrum.
"Buildings are getting older every year, and companies are hesitant to insure them, or insure them at a good rate,” said Brian Parks, principal and market leader at TrueNorth. "Our program takes into account that there are good, older associations and apartments that still deserve the same broad coverage you should be getting across the board."
For some property owners and associations, that approach has already translated into impactful savings. TrueNorth has helped clients save between $100,000 to $300,000 through the program, without cutting coverage.
Additional details on TrueNorth's dedicated industry expertise can be found on the real estate webpage.
About TrueNorth
TrueNorth Companies, L.C. is a risk management and insurance brokerage firm focused on creating value for our clients, colleagues and communities. The organization is designed to maintain its closely held and privately held business model supported by an organic growth and internal perpetuation strategy. TrueNorth is headquartered in the Midwest with offices in Iowa, Illinois and Colorado and colleagues located in over 20 states across the nation.