Landlord / Building Owner Articles
Understanding Basic Form, Broad Form Coverage and Special Form Coverage
When comparing insurance policies for your apartment building, make sure you understand the differences between Basic Form coverage, Broad Form coverage, and Special Form coverage. The first two might save you…
New York’s Indoor Allergen Law: What Landlords Need to Know
New York City landlords must perform annual inspections of units for indoor allergen hazards under New York's indoor allergen law.New York’s Local Law 55 of 2018, also known as the Indoor…
How Open Violations Can Affect Your NYC Property Insurance
Open violations can cause problems for landlords when renewing the building’s insurance policy, even if they still have time to correct and certify the violation before the agency deadline. As…
Hiring Contractors? Follow These Risk Management Tips
While some property owners are handy and enjoy upgrading and maintaining their buildings, most people rely on professional contractors. Even minor repairs and improvements, however, can involve some level of…
NYC Grants Reprieve on Mandatory Composting Fines
Weeks after the New York City Department of Sanitation (DSNY) started issuing fines for non-compliance with mandatory composting requirements, city officials paused most of the penalties. The composting mandate went…
Dog-Related Injuries Cause $1.57 Billion in Liability Claims
Even landlords who love dogs might want to rethink the pet policy for their buildings. According to the Insurance Information Institute (III) and State Farm, dog bites and other dog-related injuries cost…
Get the Best Landlord Insurance in New York: Protect Your Property & Income
New York Landlord Insurance: Protecting Your Investment Protecting your real estate investment in the Greater New York City area begins with the right landlord insurance. A comprehensive policy can help…
Wear and Tear vs. Property Damage: What NYC Landlords Need to Know
A chief source of friction between landlords and tenants stems from disagreement over what constitutes normal wear and tear versus excessive damage to a rental property. Naturally, these disputes typically…
Questions to Expect When Buying Landlord Insurance
The landlord insurance market has been tough for years. Various external forces—from higher construction labor and materials to more frequent and severe natural disasters—have driven up insurance premiums. Not surprisingly,…
Spring Maintenance Checklist for Landlords
After a particularly brutal winter, spring is finally arriving here in the Northeast. Warmer temperatures mean that building owners and landlords should inspect their properties for maintenance issues that might…