Do you have the right homeowners insurance for your property? While this shouldn’t come as a surprise, the time for an insurance policy review is before you need to file a claim. That’s why we recommend reviewing your insurance policy annually.…
When assessing the risks of insuring a property, landlord insurance providers use inflation indicators like the Consumer Price Index (CPI) to estimate payout amounts for potential claims. But one type of inflation that increases payout amounts (and, by extension, insurance…
Homeowners often wonder why their home's replacement cost differs from its market value and how those two numbers should affect homeowners insurance decisions. Your home’s replacement cost reflects what it would cost to rebuild your home from the ground up.…
Whether you're a landlord or a tenant in New York State, a well-drafted lease agreement is essential to protect the rights and obligations of all parties involved. A lease agreement is a legally binding contract that outlines the terms and…
As warmer weather returns to the Northeast, bringing daffodils and spring fever, building owners and landlords should take some time to inspect their properties for maintenance issues that might have developed over the winter months. Even if you catch only…
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 days before your current landlord insurance policy comes up for…
Lloyd’s of London has long been famous for extending its specialty insurance coverage to celebrities and their body parts. Back in the 1930s, Jimmy Durante insured his distinctive nose for $140,000, and Betty Grable insured her legs for $1…
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 dwellings in New York City, those with 3 or more…
You haven’t filed a claim. You haven’t built an addition or made any changes to your home. So why did your insurance premiums go up? With inflation raising the costs of many items, you may assume that’s why your premiums…
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 storms, lay beyond a landlord’s control. However, certain preventive steps…