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.
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…
Strategies to Help You Avoid Distracted Driving
According to the 2020 Traffic Culture Safety Index, published by the AAA Foundation for Traffic Safety, most drivers (79.7%) consider using a handheld cell phone as extremely or very dangerous…
Real Estate Carrying Costs: Are You Getting Tired?
Managing real estate investment property (i.e., being a landlord) is a business. The upside is huge, but there is also great risk, as with most businesses. It’s not just about…
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…
Free Guide for NYC Building Owners: Save Time and Money with Practical Tips
The City Building Owner Insurance program has published a 68-page guide to help New York City-area landlords save time and money. Based on decades of experience working with owners of…
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…