While it might sound strange for a property owner to need renter’s insurance, this is often the case for owner-occupied buildings. A number of the building owners we insure in the New York City area require renter’s insurance to protect…
Electronic devices represent the largest, fastest-growing component of hazardous waste sent to landfills, and New York City prohibits residents from disposing of electronics in the trash. Fortunately, the city offers options for building owners facing the challenges of NYC electronics…
Many building tenants in New York City are turning to e-bikes as a more convenient and affordable way to commute. However, the popularity of e-bikes has created a surge in the number of fires and explosions caused by the lithium-ion…
Your apartment units will eventually need new appliances. You may be tempted to replace them with garden-variety, low- to mid-priced devices to save money and keep rents low. But consider buying energy-efficient appliances. The equipment might cost more initially, but…
By Thanksgiving, more than 200 structural fires related to e-bikes and other lithium-ion batteries took place in New York City. Fourteen people died and 116 were injured in these blazes, which caused significant property damage. The 2023-2024 Fire and Emergency…
Sure, when tenants move out, they are supposed to leave behind a clean apartment. But apartment building owners know the reality all too well—either nothing gets cleaned or the cleaning job is so slapdash that the tenant might as well…
New York City requires building owners and landlords to notify tenants of procedures to follow if they suspect a gas leak. The notification requirement applies to all tenant-occupied dwellings, including one- and two-family homes. The notice advises tenants to take…
Whether out in public or around the home, slips, trips and falls are a common—and often preventable—source of injuries and death. According to the Centers for Disease Control and Prevention (CDC), a combination of physical health factors, including poor balance…
Sadly, many landlords only hear from their insurance partner at renewal time—usually in the form of a bill. We hope this isn’t the case for you because this scenario points to some red flags. First, lack of contact suggests that…
Many people think of co-ops and condos (aka condominiums and co-operative buildings) when they hear the term “master policy,” which protects one building with multiple owners. The owners/members all contribute to an insurance policy that protects the building and grounds,…