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 of your property, especially when it comes to timely maintenance,…
When you get new insurance for your building or renew an existing policy, a representative from the insurance company will visit your property to evaluate it before setting your insurance rates. So how can you lower building insurance costs? And…
Shopping for building owner/landlord insurance can be tedious and confusing. Or it can be incredibly straightforward and simple—but carry big surprises at claim time. We hope you never experience a claim. If you do, however, we especially hope that you…
While it might sound strange for a property owner to need renter’s insurance, this is often the case for owner-occupied buildings. A number of the building owners we insure in the New York City area require renter’s insurance to protect…
Many people think of co-ops and condos (aka condominiums and co-operative buildings) when they hear the term “master policy,” which protects one building with multiple owners. The owners/members all contribute to an insurance policy that protects the building and grounds,…
You know your residential building needs insurance protection. What you might not know is how to find the commercial property coverage that best meets your needs. Sure, you will want to consider price, but buying the right policy for your…
Finding the best insurance for a small condo or co-op building, especially if the building is self-managed, can be challenging. How do you know how much insurance you need? What types of coverage are critical to protect the residents and…
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…
There’s not much excitement for most landlords, property managers and building owners when it comes to routine housekeeping and maintenance. But there’s an excellent reason why you should care about housekeeping and maintenance: your insurance company does. And so do…