Owners of residential apartment buildings in New York City have certain landlord responsibilities for maintenance and safety. Many of these responsibilities are outlined in multiple codes and laws, including the New York City Housing Maintenance Code (HMC) and New York…
Landlord insurance protects building owners from financial loss due to property damage or liability claims. At City Building Owners Insurance, we help owners of apartment buildings, brownstones, and condominium and co-op building obtain the right insurance coverage at the best price. That…
Several times a week, people ask us about the difference between an insurance agent and an insurance broker. Here's the short answer: An insurance agent represents a specific insurance carrier and has the power to bind a policy on behalf…
Various New York laws require landlords to post specific signs and notices for tenants. These include the Housing Maintenance Code (part of the NYC Administrative Code), the Multiple Dwelling Law, and the Rules of the City of New York. As…
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…
Change is hard. Whether you’re considering a new insurance agent or a new hairstylist, it’s usually easier to stick with the one you have. But the one you have might be costing you—time, money or even both. After more than…
When buying commercial property insurance, smart shoppers look for two things: the right coverage and the best rates. But comparing commercial insurance policies isn’t always easy. Plus, building owners don’t always know which coverages to look for or which conditions…
Building ownership, particularly for landlords, comes with inherent risks of loss. That’s why it’s especially important for owners of rental properties to have liability insurance as part of their risk management strategy. Beyond insurance, this article offers other best practices…
In our litigious society, association boards and property managers need to protect themselves against legal action. Consider the following examples of actual disputes: One association board spent $1 million defending itself against a resident allegation that a special assessment was…
In an older city like New York, Ordinance or Law coverage makes a lot of sense for building owners. Also known as building ordinance coverage, it protects property owners against higher repair costs resulting from building code or ordinance enforcement.…