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 Water Sensors and Leak Detection Technology
It’s every landlord’s nightmare: a leak, flood, burst pipe, or overflowing sink or appliance that goes undetected until major, expensive water damage occurs. Landlords and property owners are right to…
NYC Launches Containerization Requirements for Residential Trash
On November 12, 2024, new rules went into effect that require smaller properties to put residential trash in dedicated containers. The goal is to eliminate the mountains of trash bags…
Does Your Landlord Insurance Include Loss of Rents Coverage?
If you own a rental property, you’ll want to make sure your landlord insurance includes Loss of Rents coverage. This special protection will replace lost income if a covered event…
NYC Basement Unit Regulations: A Legal Guide for Landlords
Basement apartments in New York City have received extensive press as a potential solution to relieve the city’s ongoing housing crisis. Basement units can offer added revenue potential–but only when…
NYC Sidewalk Law: Implications for Out-of-Possession Property Owners
Landlords can require tenants to be responsible for sidewalk winter conditions per the lease agreement, but be careful. Even if you don’t live in the building and delegate responsibilities for…
A Guide to Understanding Multi-Family Building Insurance
People call our office all the time, wondering why multi-family building insurance is so much higher than homeowners’ insurance. Sometimes they’re even wondering why an insurance company declined to make…
A Landlord’s Guide to NYC Sidewalk Violations
New York City requires property owners to maintain the sidewalks adjacent to their properties. This requirement generally comes down to snow removal and sidewalk repair. Sidewalk violations The Department of…
Tenant Discrimination Insurance: Essential Protection for Landlords
You don’t discriminate against potential or current tenants. You’re careful to treat everyone equally. So why do you need Tenant Discrimination Insurance? Because your potential liability goes far beyond your…
What NYC Building Owners Need to Know About Window Guards
For properties with three or more units, New York City law requires that building owners install and maintain window guards for apartments where a child age 10 years or younger…
Why Tenant Insurance Is a Must for Landlords
As a landlord, you have insurance to protect your building against a fire, theft or other peril. Should you insist that the people living in it also have insurance? Can…