Student Housing: Affordable Insurance. Their are many insurance companies who are scared off when they hear the words “student housing”. They think of wild parties, non-stop foot traffic and messy apartments. But there are several insurance companies who understand student housing and the risks they are willing to take on. Many, many students have help […]
Student Housing: Affordable Insurance.
Underground Utility Coverage Now Available.
Underground Utility Coverage Now Available. There has been a form of coverage, approved by the New York Insurance Department regarding underground utility coverage. Not all insurance companies have adopted this “endorsement” yet, but in our office 4 companies have. This is coverage from the street connection to your home and/or rental property, covering sewer lines, […]
Labor Law 240 for Landlords in NY.
Labor Law 240 for Landlords in NY. Unless served with a lawsuit, I don’t think many landlords in New York State know that the labor law 240 is still in existence. This is for all commercial buildings and for residential buildings having 3 or more units. Why should landlords in NY care? Because it is […]
Underground Utility Coverage in New York.
Underground Utility Coverage in New York. Some smaller landlord insurance companies have added a unique-type endorsement for landlords – underground utility coverage. Many of the so-called “name-brand” insurance companies have yet to release this endorsement for their landlords. This is very inexpensive coverage – $10,000 for $20-$25 per policy, per year. So for the much […]
Swimming pools at your rental properties – a no, no!
Swimming pools at your rental properties – a no, no! Summer is heading here soon and with that, many people (tenants too) will get swimming pools – from kiddie pools to large above ground ones. That is fine at your own home but for a landlord, a swimming pool attracts neighbors and friends of the […]
Thankful for our Real Estate Investor clients.
Thankful for our Real Estate Investor clients. Writing insurance for a new real estate investor today, someone who bought his 1st 3 properties. Because landlords are our specialty in our insurance agency, we were able to find him great coverage with none of our insurance companies. We have another “seasoned” real estate investor, who just […]
Name Brand vs Specialty Insurance companies.
Name Brand vs Specialty Insurance companies. I run a local landlord group – www.wnyrei.com and we had our monthly meeting last night. A very good talk was given by Don Griebner from www.loweryourpropertytaxes.com and he does work on behalf of the landlord or property owner. He represents them in tax assessment challenges and I was thinking, “I […]
Why independent insurance broker’s use many insurance companies.
Why independent insurance broker’s use many insurance companies. I will say up front, that I am an independent insurance broker, meaning I have many insurance companies at my disposal. This means the ability to shop the market for clients, as not all properties are created equal. In a mixed-use building, for example, […]
Homeowners not covered by all this spring rain.
Homeowners not covered by all this spring rain. Most of the south, midwest and east is experiencing lots of rain this spring. All this rain, the overflowing of stream, creeks, rivers is considered……Flood! And on all homeowners policies, in every part of the country, flood is an exclusion on a homeowner policy. The National Flood […]
Frozen Pipes at My New York Rental Property.
Frozen Pipes at My New York Rental Property. As the Northeast is having some of it’s coldest weather in recent history, we need to talk about frozen pipes. Frozen Pipes at My New York Rental Property. The un-freezing of pipes at a rental is considered maintenance and a landlord’s responsibility to repair. However, if that […]
