Many property owners who have multiple buildings in their portfolios ask whether we recommend separate insurance policies. We present options for a master policy and provide them with the information they need to choose the right protection for their needs…
The holiday season may be behind us, but we’re in the heart of the winter fire season, with home heating—particularly space heaters—a leading cause of home fires and fire-related injuries. Thirty percent of home fires occur during the colder…
It’s every landlord’s nightmare: a leak, flood, burst pipe, or overflowing sink or appliance that goes undetected until major, expensive water damage occurs. Landlords and property owners are right to be nervous. In New York City, water damage in multi-family…
In New York City, the New Year triggers certain responsibilities for landlords—most notably, the annual notice requirement. Even for property owners outside the five boroughs, these simple tasks can provide proper protection and peace of mind in the year ahead…
Experts predict a warmer winter ahead here in the Northeast, with volatile weather that could bring serious snowfall, particularly in January. As beautiful as New York City looks with a fresh coat of snow, the New York City Department of…
On November 12, 2024, new rules went into effect that require smaller properties to put residential trash in dedicated containers. The goal is to eliminate the mountains of trash bags that pile up on city streets. The first phase of…
If you own a rental property, you’ll want to make sure your landlord insurance includes Loss of Rents coverage. This special protection will replace lost income if a covered event requires tenants to move out while units undergo repairs. While…
Basement apartments in New York City have received extensive press as a potential solution to relieve the city’s ongoing housing crisis. Basement units can offer added revenue potential–but only when fully compliant with NYC law and building codes. Private entrances…
Landlords can require tenants to be responsible for sidewalk winter conditions per the lease agreement, but be careful. Even if you don’t live in the building and delegate responsibilities for snow removal to a tenant, that doesn’t absolve you of…
People call our office all the time, wondering why multi-family building insurance is so much higher than homeowners’ insurance. Sometimes they’re even wondering why an insurance company declined to make them an offer. To qualify for the best insurance rates…