NYC Landlord & Building Owner Insurance Insights
These articles are intended to help NYC landlords and building owners make informed insurance and risk management decisions. You will find practical guidance on liability exposures, compliance issues, common claims, and coverage considerations that can affect insurability, premiums, and long-term stability.
I’m Leaving You (But Not Really): Dealing with Abandoned Property
Landlords have a lot on their plates these days. With tougher times than ever to serve predicate notice of defaults, greater lag times in court for eviction proceedings, hardships faced…
A Guide to Landlord Property Maintenance for NYC Building Owners
There’s always a to-do list when it comes to landlord property maintenance, whether you own a multi-family brownstone in Park Slope or an apartment building in Astoria. Something always needs…
7 Tips for Lower Landlord Insurance, Landlord Policy Rates
Owners of apartment buildings and brownstones can lower their insurance premiums by creating a building profile for the insurance company. Simply, this document presents the building in the most favorable…
How to Choose Directors and Officers Liability Insurance
In our litigious society, association boards and property managers need to protect themselves against legal action. Consider the following examples of actual disputes: One association board spent $1 million defending…
Considerations for Finishing a New York City Basement or Cellar
While finishing a basement can expand a home’s living space, this home improvement project carries additional considerations in the five boroughs. Other blog posts address New York City requirements for basement…
A Move-in Checklist for NYC Area Landlords
Your tenant has signed a lease. The moving date is set. Now all you have to do is sit back and collect rent, right? There’s one more important step that…
How to Buy a Master Policy for Condos and Co-ops
The master insurance policy of a condo or co-op affects not only the property, but also individual residents. When buying insurance for a condo or co-op building, the managing entity…
Apartment Turnover Checklist for NYC-area Landlords
When a tenant leaves, what do you need to do to prepare for the next tenant? If you’re a new landlord, or even if you’re more experienced, this handy apartment…
Landlord Liability Insurance: What NYC Landlords Need to Know
As a landlord, you’re often liable for many incidents and conditions beyond your control. Mother Nature drops a foot of snow, and someone slips and falls on the sidewalk outside…
New York City Requires Owners to Provide Tenant Protection Plan Notice
Planning to renovate your apartment building? You’ll need a Tenant Protection Plan (TPP) if any of the dwelling units will be occupied during construction. Building owners must post or distribute…