If your building is a rental property, then a standard homeowner or building insurance policy may not offer adequate protection. That’s where landlord insurance comes in. Rental properties face different risks than primary residences and are treated differently by insurance…
Clients frequently ask us whether security cameras in their buildings will reduce their insurance premiums. Unfortunately, the answer is “no.” The sad fact is that too many business owners have tried to cut corners with fake security cameras, or by…
As discussed in previous articles, landlord insurance is a different animal than homeowner insurance. New York City building owners have different needs, as well as different options, than their counterparts in other cities. When shopping for insurance, it’s important to…
As a building owner, you want to keep your building and your tenants safe. But in a world of increasing crime rates, it can be difficult. Many things can happen, both in and around your building. Luckily, you can take…
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…
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…
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…
Being a property owner and manager is similar to running almost any other business. You need to ensure profitability, protect against liability, understand the laws and regulations that govern your building, and market to your customers (in this case, tenants)…
Falling temperatures herald the holiday season, but winter weather also brings a new set of risks, including slips and falls, burst pipes, and space heater fires. Use this handy winter checklist for landlords to protect your residents and your property…