Why Landlord Insurance Matters
Rental properties require specialized coverage because they face higher risks. Protect your investment with a landlord insurance policy that includes the following:
- Property damage. Covers repairs caused by fire, storms, vandalism and other covered events.
- Liability protection. Protects against legal claims if a tenant or visitor is injured on your property.
- Loss of rental income. Reimburses you for lost rent if a covered event makes your property uninhabitable.
- Optional protection. Safeguards you from specific types of loss, such as floods, water backup and more.
City Building Owners Insurance provides policies designed specifically for landlords, ensuring your rental income and property are well protected.
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New York Landlord Insurance: What You Need to Know
Landlords in New York City face unique insurance challenges. In fact, many national insurance companies do not cover properties in New York’s five boroughs due to complex building codes, robust regulatory requirements, and special considerations for brownstones and other historic properties.
Since 1976, City Building Owners Insurance has specialized in insuring rental properties in New York City. Our landlord policies provide comprehensive coverage and competitive rates, supported by hands-on service.
- 50% of our clients save money without changing coverage levels
- 50% of our clients receive better coverage for similar premiums
- 92% of our clients come back year after year
With decades of experience, our team ensures that landlords get the right coverage at the best rates available.
Additional Protection Options for Landlords
Many landlords opt for extra protection to safeguard their properties and rental income. Consider these add-ons:
- Loss of Rents Coverage. Replaces lost rental income if your property becomes uninhabitable due to a covered event.
- Ordinance or Law Coverage. Provides additional funds for code compliance when repairing or rebuilding.
- Umbrella Coverage. Increases the liability protection of a standard landlord insurance policy.
Our experienced team ensures you get the best possible coverage at the most competitive rates.
How City Building Owners Insurance Can Help
We specialize in New York landlord and building insurance, offering:
- Custom policies tailored to your property’s needs
- Competitive pricing to save you money
- Expert support to navigate policy complexities
- Fast, free quotes so you can compare coverage options
Get Your Free Landlord Insurance Quote Today
Don’t wait until an unexpected event causes financial loss. Get a free landlord insurance quote today and let City Building Owners Insurance help you secure the best coverage for your property.
Frequently Asked Landlord Insurance Questions
Landlord insurance is a policy that protects property owners who rent space to tenants. These policies cover the overall structure and provide additional protection for the higher risks associated with rental properties. Important options for landlord insurance include Loss of Rents coverage, which replaces lost rental income if a covered peril makes the property uninhabitable, and Ordinance or Law coverage, which covers additional expenses required for compliance with current building codes.
Landlord insurance covers damage to rental properties from perils such as fire, wind, lightning, etc. Landlord insurance also includes liability protection. A comprehensive policy will also cover loss of rental income and compliance with current building codes. To make sure you have the right coverage for your needs, request a no-obligation policy review.
Landlord insurance typically does not cover tenant damage, maintenance, contractors’ work and construction operations, tenants’ personal property, and certain natural disasters, such as floods and earthquakes. Landlord insurance also does not replace income from unit vacancies. Specific coverages vary from insurer to insurer, and landlords can purchase optional protection, including flood and earthquake insurance. The best way to ensure you have the right coverage for your situation is to review your policy with an experienced insurance partner.
Nope. Landlord insurance is for rental properties; homeowner’s insurance is for owner-occupied properties. Rental properties—especially multi-family buildings—face higher risks, and landlords have additional needs compared to homeowners.
Landlord insurance premiums vary widely in New York City and the surrounding tri-state area, as do the rental properties themselves. Online premium estimates don’t consider building size, construction materials, location, claims history, etc. Premiums for similar policies can also vary widely by company. To find out how much it will cost to insure your rental property, request a policy review that considers your specific building and needs.