A coinsurance clause typically appears in the "Conditions" section of an insurance policy. If you're short on time, here's the bottom line: you don't want it. Coinsurance can take many forms in the insurance world. The general concept is that…
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…
Every day, at least one water main breaks in New York City. The big breaks can flood subway tunnels and close streets, making life difficult and inconvenient for commuters, residents and business owners. The smaller breaks might only be a…
Some things (like the importance of quality service) never change... and that's a good thing. We came across an article written 19 years ago featuring our agency's dedication to quality service. All of our "Secrets to Success" still ring true,…
As a landlord or building owner, do you need commercial auto insurance? You probably drive your personal vehicle for business. Or you use your car for personal use most of the time, but occasionally hitch it to a trailer to…
Stu Cohen and the City Building Owners Insurance program have partnered with the PURE Group of Insurance Companies. Headquartered in White Plains, N.Y., PURE is a member-owned property and casualty insurer designed exclusively for financially successful families. "We've specialized in…
After the recent (and preventable) Equifax breach, Yahoo's follow-up announcement that the August 2013 attack affected all 3 billion of its users at the time—rather than the initially reported 1 billion—scarcely made a ripple in the media. These examples reinforce…
As the New York brownstone market continues to grow, so can the risk. Reviewing your property assessments and insurance each year can provide peace of mind. All around the world, New York City brownstones are seen as one of the…
For owners of mixed-use buildings here in the New York City market, finding the right commercial tenant is getting even harder. As reported earlier this year in "What's Happening with New York City Building Insurance," a number of insurance companies…
Do you own a mixed-use building in New York City? If so, you're probably aware of the many challenges involved with making sure your commercial tenants have the correct insurance. Even if you're not, don't worry. We have a handy…