Distinguished Blog - Real Estate
Market insights and industry news.
Habitational Real Estate Insurance: An Ultimate Guide For Landlords and Brokers
Homeownership is no longer for everyone. Whether it’s because of changing tastes or economic realities, many people these days rent, live in condos and apartments or find themselves in other housing solutions. For instance, in 2021, around 31.8 million homes in the US were part of a multi-family building, be it an apartment complex, condominium,…
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Get Ready for Hurricane Season
As the hurricane season – June 1 through November 30 – unfolds, safety preparations should already be underway by homeowners and coastal business owners, including hotels and restaurants. Forecasters at the National Oceanic and Atmospheric Administration (NOAA) say the Atlantic could see another above-normal hurricane season this year, predicting a 70% likelihood of 11 to…
Crowdfunding: Giving Individuals A Piece of the Real Estate Action
Crowdfunding is turning the real estate investment sector on its head: It allows a group of investors to pool their money together to fund real estate transactions. On-line platforms connect individuals to commercial real estate investments across the United States, making it easier for them and real estate companies to raise capital as compared to…
Tour of Our Enhance Brownstone Insurance Program
Last month we announced our partnership with Zurich Insurance as the new underwriter for Distinguished’s hallmark New York Brick & Brownstone Program (NYBB). Developed in 2007, the program provides a diverse portfolio of owner- and tenant-occupied properties located within the Brooklyn, Queens and Manhattan boroughs with property and liability insurance. NYBB today serves more than…
Oroville Dam Risk Highlights Importance of Flood Readiness for Property Managers
After a five-year drought throughout the state, Northern California’s surface water systems have now been pushed to the breaking point on the heels of weeks of rainfall. Nearly 190,000 people were evacuated on February 12 over fears that a damaged spillway at the nation’s tallest dam in Lake Oroville located in the Sierra Nevada foothills…
When a Pipe Bursts in an Apartment Who is Responsible?
It’s that time of year again, and for much of the U.S. the freezing weather has set in and many renters flock to warmer destinations to soak up some warmth. Some renters may unplug appliances and turn off the heat when they leave, but the latter could cause major issues if the temperature plunges while…
Preventing Slips and Falls in Winter Months
Slip and fall accidents account for 15% of all accidental deaths in the United States. Annually, an estimated one million Americans will have an injury related to a fall, 600,000 will be hospitalized and 17,000 deaths will occur. Studies find most injuries result from contact with outside surfaces. Property owners could be liable for injuries…