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…
New York City landlords must perform annual inspections of units for indoor allergen hazards under New York's indoor allergen law.New York’s Local Law 55 of 2018, also known as the Indoor Allergen Hazards Law, requires property owners to keep tenant units free…
Open violations can cause problems for landlords when renewing the building’s insurance policy, even if they still have time to correct and certify the violation before the agency deadline. As part of our annual review process, we request property reports…
While some property owners are handy and enjoy upgrading and maintaining their buildings, most people rely on professional contractors. Even minor repairs and improvements, however, can involve some level of risk. Landlords and building owners in New York face additional…
Weeks after the New York City Department of Sanitation (DSNY) started issuing fines for non-compliance with mandatory composting requirements, city officials paused most of the penalties. The composting mandate went into effect throughout the five boroughs in October 2024, with…
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…
New York Landlord Insurance: Protecting Your Investment Protecting your real estate investment in the Greater New York City area begins with the right landlord insurance. A comprehensive policy can help cover property damage due to storms or other disasters, repairs…
A chief source of friction between landlords and tenants stems from disagreement over what constitutes normal wear and tear versus excessive damage to a rental property. Naturally, these disputes typically arise at the end of the landlord-tenant relationship, after the…
The landlord insurance market has been tough for years. Various external forces—from higher construction labor and materials to more frequent and severe natural disasters—have driven up insurance premiums. Not surprisingly, many landlords are shopping for insurance deals. At City Building…
After a particularly brutal winter, spring is finally arriving here in the Northeast. Warmer temperatures mean that building owners and landlords should inspect their properties for maintenance issues that might have developed over the winter months. Even if you catch…