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.
NYC Landlord’s Guide to DOB Permits
Most construction projects in New York City require a Department of Buildings (DOB) permit. Such undertakings require building owners to hire licensed design professionals—professional engineers (PEs) or registered architects (RAs)—who…
Do you need a DOB work permit for building renovations?
As a building owner, you’re responsible for any work done on your property. In New York City, this responsibility includes hiring design professionals and contractors with the appropriate licenses and…
What Insurance Does a Landlord Need?
What insurance does a landlord need? This article covers both basic landlord insurance and optional coverage you may want to consider. If you’re considering renting out your property and you’re…
Sewer Backup Coverage: A Building Owner’s Friend
If you've received our postcards, you may have noticed that our policies include sewer backup coverage. That's because backed-up sewers can cause a great deal of damage to floors, walls,…
Coinsurance: What It Is & Why You Don’t Want It
A coinsurance clause typically appears in the "Conditions" section of an insurance policy. If you're short on time, here's the bottom line: you don't want it. Coinsurance can take many…
How to Prevent Frozen Pipes This Winter
Brrr . . . It’s getting cold outside! Freezing temperatures can lead to frozen pipes and water damage in your home or building. Fortunately, you can take several steps to…
Best Practices for Insuring Apartment Buildings, Condos and Co-ops
Insuring apartment buildings and condominium and co-op buildings can be complicated. Understanding where the responsibilities lie between owners and tenants—as well as what insurance you can and should require from…
Keep Those Fire Escapes in Working Condition
New York City building owners with outside fire escapes have two choices regarding these external means of egress: keep them maintained or remove them. Fire escapes are a classic feature…
Bed Bug Reporting Requirements for New York City Landlords
New York City requires landlords of multiple dwellings (3+ residential units) to file an Annual Bed Bug Report that discloses any bed bug infestations on the property in the previous…
Do Landlords Need Commercial Auto Insurance?
As a landlord or building owner, do you need commercial auto insurance? You probably drive your personal vehicle for business. Or you use your car for personal use most of…