Every owner of a small rental property in New York City, especially if they’ve been an owner for a while, knows that insurance is more difficult than ever. Premiums are rising, underwriting requirements are tightening, and insurance companies are scrutinizing…
Owners of small buildings in New York City are facing an almost impossible insurance market with: Rising rates Fewer carrier options Premium spikes Upfront payment demands Insurance costs for multifamily buildings in New York City have climbed sharply. According to…
Many owners of small buildings, especially newer landlords, may not be aware of an organization just for them. For more than 40 years, Small Property Owners of New York (SPONY) has been a leading resource for advocacy and education to…
New York’s brownstones are full of charm, but they also present unique risks when it comes to insurance. Their age, architecture, and historic value call for more than a basic homeowners policy. Many insurers won’t cover them at all. The…
New York’s iconic brownstones have always held timeless appeal. While real estate markets naturally fluctuate, brownstones—particularly in Brooklyn and Manhattan—consistently maintain their reputation as highly desirable properties. Their unique architectural character, limited availability and historic charm bolster their value compared…
Homeowners shopping for New York City building insurance often have special needs. This is particularly true for owners who own historic buildings or need brownstone insurance or coverage for other pre-war buildings. The saying “They don’t make ’em like they…
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,…