Open violations can cause problems for landlords when renewing the building’s insurance policy, even if they still have time to correct and certify the violation before the agency deadline. As part of our annual review process, we request property reports…
The landlord insurance market has been tough for years. Various external forces—from higher construction labor and materials to more frequent and severe natural disasters—have driven up insurance premiums. Not surprisingly, many landlords are shopping for insurance deals. At City Building…
Landlord insurance in New York City is tricky. This guide outlines critical risk management factors that influence insurance eligibility, pricing, and coverage for New York City landlords. Each section addresses a specific area that insurers evaluate when underwriting small residential…
May is National Electrical Safety Month, making it a good time for New York City property owners to take a closer look at one of the most common—and often overlooked—sources of building risk: electrical systems. Electrical issues are more than…
Even landlords who love dogs might want to rethink the pet policy for their buildings. According to the Insurance Information Institute (III) and State Farm, dog bites and other dog-related injuries cost $1.86 billion in liability claims in 2025. This figure represents…
After a particularly brutal winter, spring has finally arrived in the Northeast. Now is the time for building owners and landlords to inspect their properties for issues that may have developed over the winter months. Even if you catch only…
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…
Does the name on your insurance policy match the name on your property deed? Does it match exactly? This might sound like a trick question. Unfortunately, it’s a situation that we’ve encountered many times. Even a minor difference can be…