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…
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…
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…
Key Factors Influencing Insurance Premiums for Rental Properties in NYC
Whether you need to insure a two-family brownstone in Park Slope, a warehouse in the Bronx, or an apartment building on the Upper East Side, insurance companies look at many…
NYC Recycling Programs for Apartment Buildings
New York City's mandatory composting requirement, which went into effect earlier this month, has received extensive news coverage. The city also offers additional programs to help residents recycle unwanted items,…
Understanding Landlord Insurance Costs: How to Get the Best Rates
For many landlords, especially first-timers, the cost of insuring their building may seem mysterious. Why are landlord insurance costs so different from their homeowner’s policy? Why is the rate so…