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.
How to Survive a Challenging Insurance Market
You’ve heard the saying “it’s not what you know, it’s who you know.” At City Building Owners Insurance, we make it our business to know what and who. Specifically, we…
Common Misconceptions About Insurance Premium Increases
Insurance providers look at many factors when determining what rate and coverage to offer at renewal. The inherent complexity of the insurance industry can leave property owners confused about the…
Property Registration for New York City Landlords—Get Started Now
New York City’s Department of Housing Preservation & Development (HPD) requires annual property registration by owners of residential buildings that meet the following requirements: Multiple dwelling (3 or more residential…
How Cyber Insurance Protects NYC Landlords
Cyber attacks are on the rise. According to the Hiscox Cyber Readiness Report 2024, the number of U.S. businesses that experienced a cyberattack has risen steadily for four years in a…
Pest Control Responsibilities for NYC Landlords
Summertime in the city conjures thoughts of picnics, sporting events, and lazy days at the beach. But the warm weather also brings more roaches and rodents, the most common unwanted…
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…
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…
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…
Do I Need Separate Insurance Policies for Each Rental Property or Apartment Building?
Many property owners who have multiple buildings in their portfolios ask whether we recommend separate insurance policies. We present options for a master policy and provide them with the information…