Brrr . . . It’s getting cold outside! Freezing temperatures can lead to frozen pipes and water damage in your home or building. Fortunately, you can take several steps to help prevent freezing pipes. Disconnect all outdoor hoses, and turn…
The advent of winter and the holiday season also brings the highest rate of home fires, a leading cause of building insurance claims. Not surprisingly, more than one-third of home fires occur between December and February. Whether you’re a homeowner…
Insuring apartment buildings and condominium and co-op buildings can be complicated. Understanding where the responsibilities lie between owners and tenants—as well as what insurance you can and should require from tenants—can be equally complex. And if you sit on the…
COVID-19 is challenging landlords and property owners in unprecedented ways. The City of New York and the New York City Department of Housing Preservation and Development (HPD) offers information on many resources that can help. COVID-19 Financial Resources for Landlords…
With Labor Day behind us and school back in session, now is the time for annual fall building maintenance. Cooler temperatures and lower humidity make certain tasks easier. In addition, these chores can help reduce energy costs when the New…
Shopping for commercial property insurance can be tedious and confusing. Or it can be incredibly straightforward and simple—but carry big surprises at claim time. We hope you never experience a claim. If you do, however, we especially hope that you…
New York City building owners with outside fire escapes have two choices regarding these external means of egress: keep them maintained or remove them. Fire escapes are a classic feature of New York City architecture, romanticized in books, plays and…
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…
It's that time of year again. 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…
New York City requires landlords of multiple dwellings (3+ residential units) to file an Annual Bed Bug Report that discloses any bed bug infestations on the property in the previous year. In addition, property owners and building managers must attempt…