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.
Common Directors and Officers Liability Claims
While no one likes to think about lawsuits (except for perhaps litigation attorneys), they are a fact of life—one that association boards and property managers need to prepare for with…
Why You Shouldn’t Own a Building in New York
If you own a building in your personal name, then you’re opening yourself up to a world of liability. Let’s say you’re a landlord. A tenant sues you over repairs…
When Is the Best Time to Shop for Landlord Insurance?
When shopping for landlord insurance, can you find bargains at certain times of the year, like buying cars and televisions? Or does it make sense to wait 60 to 90…
FDNY Fire Safety Requirements for Landlords
To help protect New Yorkers, the New York City Fire Department (FDNY) requires landlords to post and distribute certain fire safety and emergency preparedness documents. The requirements apply to multiple…
Common Landlord Insurance Claims (and How to Prevent Them)
While it’s important to have the right landlord insurance, no one really wants to file a claim. Many of the perils covered by landlord insurance and riders, such as fires and…
5 Ways to Clean Your Gutters Safely
Though many homeowners and building owners find cleaning their gutters once or twice a year difficult, it’s worth the effort. Gutters are one of your home or building’s primary defenses…
How Umbrella Policies Complement Landlord Insurance
A business or commercial umbrella policy can supplement an existing landlord insurance policy, offering additional liability protection. This article looks at situations that umbrella policies can cover and offers guidance…
Screening Ideas and Resources to Find Your Ideal Tenants
The pressure to fill vacancies quickly conflicts with the need to find quality tenants who pay on time and take care of the property. Failure to meet one or both…
9 Building Events to Help Retain Tenants
Retaining tenants is easier said than done. Tenants move out for many different reasons, and most of them (family needs, employment, etc.) lie beyond your control. But one way you…
Insider Insurance Tips for Self-Managed Condos and Co-ops
Finding the best insurance for a small condo or co-op building, especially if the building is self-managed, can be challenging. How do you know how much insurance you need? What…