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.
Owner-Occupied Buildings: Why Building Owners Might Need Renter’s Insurance
While it might sound strange for a property owner to need renter’s insurance, this is often the case for owner-occupied buildings. A number of the building owners we insure in…
Stay Compliant: NYC Gas Leak Notice Requirements for Building Owners
New York City requires building owners and landlords to notify tenants of procedures to follow if they suspect a gas leak. The notification requirement applies to all tenant-occupied dwellings, including…
Apartment Building Insurance: How the Renewal Process Should Work
Sadly, many landlords only hear from their insurance partner at renewal time—usually in the form of a bill. We hope this isn’t the case for you because this scenario points…
How to Shop for Building Insurance
You know your residential building needs insurance protection. What you might not know is how to find the commercial property coverage that best meets your needs. Sure, you will want…
A Guide to Landlord Responsibilities in New York City
Owners of residential apartment buildings in New York City have certain landlord responsibilities for maintenance and safety. Many of these responsibilities are outlined in multiple codes and laws, including the…
A Guide to Fallen Trees and Insurance Claims
Your neighbor’s tree falls on your house or car. Or it’s your tree and your neighbor’s house or car. Or maybe the tree doesn’t fall, but a storm blows a…
7 Signs You Need to Update Your Property Insurance
Most people don’t think about their property insurance until something happens. But when was the last time you made sure your coverage was up to date? It’s far more painful…
Homeowner Insurance and Building Insurance: Key Differences
People ask us all the time, what's the difference between homeowner insurance and building insurance? The answer typically comes down to whether you're insuring your primary residence or whether you…
How and When to File a Landlord Insurance Claim
Landlord insurance protects building owners from financial loss due to property damage or liability claims. At City Building Owners Insurance, we help owners of apartment buildings, brownstones, and condominium and…
Best Practices for Building Management Associations
Good intentions aren’t enough to protect building associations and their boards of directors from legal claims. Directors and officers (D&O) liability insurance is essential for protecting the association and board members from…