New York’s brownstones are full of charm, but they also present unique risks when it comes to insurance. Their age, architecture, and historic value call for more than a basic homeowners policy. Many insurers won’t cover them at all. The…
New York’s iconic brownstones have always held timeless appeal. While real estate markets naturally fluctuate, brownstones—particularly in Brooklyn and Manhattan—consistently maintain their reputation as highly desirable properties. Their unique architectural character, limited availability and historic charm bolster their value compared…
New York City requires building owners to provide tenants with heat and hot water. Heat requirements go into effect during “Heat Season,” while hot water must be provided year-round, 24 hours a day, at a constant minimum temperature of 120°…
Cooler temperatures and brightly colored foliage herald the arrival of fall here in the New York City area. In addition to clearing leaves from gutters and drains, building owners should inspect their properties inside and out to ensure they can…
You’ve heard the saying “it’s not what you know, it’s who you know.” At City Building Owners Insurance, we make it our business to know what and who. Specifically, we know what’s happening in the industry and who the players…
Insurance providers look at many factors when determining what rate and coverage to offer at renewal. The inherent complexity of the insurance industry can leave property owners confused about the variables that increase their insurance premiums. Some factors will always…
New York City’s Department of Housing Preservation & Development (HPD) requires annual property registration by owners of residential buildings that meet the following requirements: Multiple dwelling (3 or more residential units) Private dwelling (1-2 residential units) not occupied by the…
Cyber attacks are on the rise. According to the Hiscox Cyber Readiness Report 2024, the number of U.S. businesses that experienced a cyberattack has risen steadily for four years in a row, and 67% of U.S. businesses report having been attacked. Last…
Summertime in the city conjures thoughts of picnics, sporting events, and lazy days at the beach. But the warm weather also brings more roaches and rodents, the most common unwanted inhabitants in New York City buildings. Recent legislation on bed bug…
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…