Landlord insurance protects building owners from financial loss due to property damage or liability claims. At City Building Owners Insurance, we help owners of apartment buildings, brownstones, and condominium and co-op building obtain the right insurance coverage at the best price. That…
Planning to take a road trip during the Memorial Day weekend? If so, you won’t be alone. AAA predicts that 42.3 million Americans will travel at least 50 miles from home over the five-day period from Thursday, May 25, through…
Good intentions aren’t enough to protect building associations and their boards of directors from legal claims. Directors and officers (D&O) liability insurance is essential for protecting the association and board members from lawsuits that result from actions or decisions made while serving.…
While no one likes to think about lawsuits (except for perhaps litigation attorneys), they are a fact of life—one that association boards and property managers need to prepare for with directors and officers (D&O) liability insurance. Previous articles have addressed how…
If you own a building in your personal name, then you’re opening yourself up to a world of liability. Let’s say you’re a landlord. A tenant sues you over repairs you may or may not be obligated to make. A…
Building owners who fail to check for open violations at least once or twice a year could face a gap in insurance coverage at renewal. Open violations can create an issue for landlords when renewing the building’s insurance policy, even…
When assessing the risks of insuring a property, landlord insurance providers use inflation indicators like the Consumer Price Index (CPI) to estimate payout amounts for potential claims. But one type of inflation that increases payout amounts (and, by extension, insurance…
Whether you're a landlord or a tenant in New York State, a well-drafted lease agreement is essential to protect the rights and obligations of all parties involved. A lease agreement is a legally binding contract that outlines the terms and…
As warmer weather returns to the Northeast, bringing daffodils and spring fever, building owners and landlords should take some time to inspect their properties for maintenance issues that might have developed over the winter months. Even if you catch only…
When shopping for landlord insurance, can you find bargains at certain times of the year, like buying cars and televisions? Or does it make sense to wait 60 to 90 days before your current landlord insurance policy comes up for…