Tips for Landlords, Building and Home Owners
Understanding Other Structures Coverage in Homeowners Insurance: What’s Really Protected
What is considered Other Structures on homeowner’s insurance? You’d expect homeowner’s insurance to cover your home from damage, theft and liability. And it does. Your homeowner’s insurance can also offer…
Key Factors Influencing Insurance Premiums for Rental Properties in NYC
Whether you need to insure a two-family brownstone in Park Slope, a warehouse in the Bronx, or an apartment building on the Upper East Side, insurance companies look at many…
NYC Recycling Programs for Apartment Buildings
New York City's mandatory composting requirement, which went into effect earlier this month, has received extensive news coverage. The city also offers additional programs to help residents recycle unwanted items,…
Understanding Landlord Insurance Costs: How to Get the Best Rates
For many landlords, especially first-timers, the cost of insuring their building may seem mysterious. Why are landlord insurance costs so different from their homeowner’s policy? Why is the rate so…
A New York City Landlord’s Guide to Lead Paint Requirements
Landlords in New York City have specific responsibilities for protecting tenants from lead paint hazards. Local Law 1 of 2004, also known as the Childhood Lead Poisoning Prevention Act, outlines…
Do Insurance Needs Change When the Mortgage Is Paid Off?
Paid off your mortgage? Congratulations! Your monthly mortgage payment probably included extra funds for property taxes and insurance. Of course, you’ll still have to pay taxes. But now that you…
Understanding Force-Placed Insurance for NYC Property Owners: Protect Your Investment
Have you received a notice about force-placed insurance on your property? If so, you’re probably paying too much money for insufficient protection. This article explains what force-placed insurance is, why…
Ensure Your Property Ownership Details Are Up-to-Date with Your Insurance Provider
Does the name on your insurance policy match the name on your property deed? While this may sound like a trick question, it’s a situation that we encounter from time…
How Replacement Cost and Actual Cash Value Impact Your Property Insurance
A large tree branch damages the roof. A leak on the top floor floods three units. A fire makes a unit uninhabitable. You compile a list of the damage, get…
How to Make Your NYC Property More Insurable
Two side-by-side buildings, seemingly identical, can have widely varying insurance premiums for many reasons. One major factor, which owners control, is how the building looks to an insurer. Taking care…