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 Small NYC Building Owners Can Battle Rising Insurance Rates
Owners of small buildings in New York City are facing an almost impossible insurance market with: Rising rates Fewer carrier options Premium spikes Upfront payment demands Insurance costs for multifamily…
SPONY: A Valuable Resource for Small Building Owners in NY
Many owners of small buildings, especially newer landlords, may not be aware of an organization just for them. For more than 40 years, Small Property Owners of New York (SPONY)…
Why Property Ownership Changes Can Affect Your Building Insurance Coverage
Does the name on your insurance policy match the name on your property deed? Does it match exactly? This might sound like a trick question. Unfortunately, it’s a situation that…
Slip-and-Fall Risk Management for NYC Landlords and Building Owners
A slip, trip or fall can mean nothing more than a bruise and a little embarrassment, or it can result in serious injury, litigation, and costly insurance claims. Every year,…
New Year Checklist for New York City Landlords
In New York City, the New Year triggers certain responsibilities for landlords—most notably, the annual notice requirement, which applies to multiple dwellings (residential buildings with at least 3 units). Even…
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…
A Building Owner’s Guide to New York City Snow Removal
Experts predict a warmer winter ahead here in the Northeast due to the combination of La Niña and climate change, but that doesn't rule out powerful winter storms in the…
Stay Safe on the Road This Holiday Season
The American Automobile Association (AAA) projects that at least 73 million people will travel at least 50 miles by car this Thanksgiving holiday. While this number includes an additional 1.6…
Why Sidewalk Conditions Can Put Your NYC Building Insurance at Risk
The sidewalks around your building may belong to New York City. But the responsibility for maintenance and sidewalk liability lies with you. In fact, underwriters report that sidewalk-related injuries are…
What Kind of Insurance Do You Need for a NYC Brownstone?
New York’s brownstones are full of charm, but they also present unique risks when it comes to insurance. Their age, architecture, and historic value call for more than a basic…