Tips for Landlords, Building and Home Owners
What Is Loss of Use Coverage and What Does It Cover?
Many homeowners’ insurance policies include Loss of Use coverage, also known as Additional Living Expenses (ALE) coverage. If damage from a covered event requires you to move out of your…
Understanding Basic Form, Broad Form Coverage and Special Form Coverage
When comparing insurance policies for your apartment building, make sure you understand the differences between Basic Form coverage, Broad Form coverage, and Special Form coverage. The first two might save you…
New York’s Indoor Allergen Law: What Landlords Need to Know
New York City landlords must perform annual inspections of units for indoor allergen hazards under New York's indoor allergen law. New York’s Local Law 55 of 2018, also known as the…
Hiring Contractors? Follow These Risk Management Tips
While some property owners are handy and enjoy upgrading and maintaining their buildings, most people rely on professional contractors. Even minor repairs and improvements, however, can involve some level of…
A Homeowner’s Checklist for Home Improvement Projects
For many homeowners, warmer weather means home improvement projects around the house and yard. Whether large or small, follow these steps before starting a project or hiring a contractor to…
Wear and Tear vs. Property Damage: What NYC Landlords Need to Know
A chief source of friction between landlords and tenants stems from disagreement over what constitutes normal wear and tear versus excessive damage to a rental property. Naturally, these disputes typically…
Top 5 Homeowners Insurance Claims (and Tips for Avoiding Them)
Homeowners’ insurance offers a financial safety net against many of life’s curveballs. However, each claim you file comes with a risk. Your insurance company can raise your rates, or, if…
Do I Need Separate Insurance Policies for Each Rental Property or Apartment Building?
Many property owners who have multiple buildings in their portfolios ask whether we recommend separate insurance policies. We present options for a master policy and provide them with the information…
Homeowners Insurance Quotes: Why Do Insurance Companies Ask So Many Questions?
If you think that shopping for homeowners insurance quotes often feels like an interview . . . you're not wrong. Insurance agents and brokers aren’t being nosy. They know what an…
These 6 Common Homeowners Insurance Myths Could Cost You Money
Homeowners insurance can be complicated. Maybe that’s why two-thirds of U.S. homes are underinsured, according to industry statistics. The complexity of property and casualty insurance probably explains why some misconceptions…