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 Make Your NYC Property More Insurable
Two side-by-side buildings, seemingly identical, can have widely varying insurance premiums for many reasons. One major factor, which owners control, is how the building looks to an insurer. Taking care…
The Consequences of Underinsuring Your NYC Property
Do you have the right amount of insurance coverage for your needs? From time to time, we speak with building owners in the New York City area whose properties are…
What New York Landlords Need to Know About the ‘Good Cause’ Law
The following article is a guest post by Janet Nina Esagoff, Esq. Property owners and managers, take heed. New York State enacted the “Good Cause” Eviction Law (“GCL”) on April…
Insurance for Historic Buildings and Brownstones in NYC: Special Considerations and Tips
Homeowners shopping for New York City building insurance often have special needs. This is particularly true for owners who own historic buildings or need brownstone insurance or coverage for other…
Disaster Response Planning for New York City Landlords
An emergency can strike at any time, whether it’s a natural disaster, a gas line explosion, or something else. The time to review your disaster response plan is before an…
Ordinance or Law Insurance Coverage: Protecting NYC Property Owners Against Building Code Changes
In an older city like New York, Ordinance or Law coverage makes a lot of sense for building owners. Also known as building ordinance coverage, it protects property owners against…
A Guide to Insuring Mixed-Use Buildings
When shopping for investment opportunities in the New York City area, prospective building owners often encounter mixed-use properties. These buildings combine commercial and residential space, and they’re found throughout the…
Can I Protect My Rental Property with Homeowners Insurance?
You’ve just bought a rental property or you’re about to rent your home. Maybe you’ve inherited a home and want to rent it rather than sell it. Or you’ve bought…
What’s Your Sign? NYC Landlord Requirements for Signs & Notices
Various New York laws require landlords to post specific signs and notices for tenants. These include the Housing Maintenance Code (part of the NYC Administrative Code), the Multiple Dwelling Law,…
10 Ways to Lower Building Insurance Costs
When you get new insurance for your building or renew an existing policy, a representative from the insurance company will visit your property to evaluate it before setting your insurance…