If you are a flipper of real estate, just know that you are not going to get “platinum” type coverage on a vacant building. Insurance of these properties will be mostly fire and liability insurance coverage, as insurance companies don’t…
There are several insurance companies that do offer the underground utility coverage on 1-4 family rentals. Sometimes also called “Service Line Coverage” this is for all underground utilities – water, sewer, gas, electric. It’s only on 1-4 family rentals at…
If you are a landlord in New York State and own a 1-4 family rental property, you can also add on this very important insurance coverage. For $20 – $40 a year, you get $10,000 of underground for all your…
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…
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…
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…
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…
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…
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…
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…