Illegal basement apartments are among the most common infractions here in New York. Based on our site traffic, many building owners and tenants have questions about the legality of basement apartments. Following are frequently asked questions concerning these subterranean spaces.…
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…
Do you own a residential building in Manhattan, Brooklyn or Queens with 20 or fewer units? The New York Brick & Brownstone Program could improve your coverage and save you money. Designed specifically for smaller properties in New York City,…
The best way to save money on insurance is to lower your risk profile and avoid claims. In addition to the practices covered in our article on building a property profile, these safety tips can help managers of apartment, co-op…
The sidewalks around your building may belong to New York City. But the responsibility for maintenance and sidewalk liability belong to you. In fact, underwriters report that sidewalk-related injuries are the leading liability claim against New York City landlords. We’ve…
When you get new insurance for your building or renew an existing policy, a representative from the insurance company will come to your building to evaluate it before setting your insurance rates. So how can you lower building insurance costs?…
Steadily falling temperatures confirm that winter is indeed coming to the Big Apple. As beautiful as New York City looks with a fresh coat of snow, the New York City Department of Sanitation has very strict rules when it comes…
If you started to allow 10 times more distance to stop your vehicle, you’d probably be the most cautious driver in history. The American Automobile Association (AAA) reports that stopping in icy and snowy conditions can easily take that long.…
Don’t learn the hard way about NYC snow removal rules or insurance liability limits. Even with global warming, residents of the New York City area see their fair share of snow each year. For New York City apartment building owners,…
No two buildings are exactly the same. And no two building owners are the same, for that matter. That's why one-size-fits-all policies usually don't fit anyone very well. Standard building insurance policies make certain assumptions about coverage. For instance, a…