When comparing insurance policies for your apartment building, make sure you understand the differences between Basic Form coverage, Broad Form coverage, and Special Form coverage. The first two might save you money in the short term. However, no one wants surprises…
Many homeowners who don’t live in areas prone to flooding assume that their homeowners’ insurance policy will protect them during storm season. For homeowners in the mid-Atlantic, especially the New York metropolitan area, that may be a dangerous (and potentially…
Even landlords who love dogs might want to rethink the pet policy for their buildings. According to the Insurance Information Institute (III) and State Farm, dog bites and other dog-related injuries cost $1.57 billion in liability claims in 2024. This figure represents…
Many property owners who have multiple buildings in their portfolios ask whether we recommend separate insurance policies. We present options for a master policy and provide them with the information they need to choose the right protection for their needs…
If you think that shopping for homeowners insurance quotes often feels like an interview . . . you're not wrong. Insurance agents and brokers aren’t being nosy. They know what an insurance company will want to know. Having that information available…
When a fire, earthquake, hurricane or tornado happens elsewhere in the country, our hearts go out to the people who’ve suffered. We’re also thankful that the disaster happened somewhere else. When it comes to insurance, however, that same disaster affects…
If your home undergoes major damage from an insured peril, filing a claim against your homeowners insurance policy is a no-brainer. But what if the potential loss is smaller? Is it worth filing a claim? Will a smaller claim, or…
Do you have an up-to-date home inventory? If not, you’re not alone: According to a 2023 Insurance Information Institute (III)/Munich Re Consumer Survey, only 47% of homeowners reported having such an inventory. All homeowners should have this important tool, for…
Landlords can require tenants to be responsible for sidewalk winter conditions per the lease agreement, but be careful. Even if you don’t live in the building and delegate responsibilities for snow removal to a tenant, that doesn’t absolve you of…
People call our office all the time, wondering why multi-family building insurance is so much higher than homeowners’ insurance. Sometimes they’re even wondering why an insurance company declined to make them an offer. To qualify for the best insurance rates…