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City Homes Insurance
A Closer Look…New York Brick & Brownstones
New York City is known for its beautiful brownstones – from Queens to Manhattan’s Upper Westside to some of Brooklyn neighborhoods including Park Slope, Brooklyn Heights, Bedford-Stuyvesant, Fort Green, Cobble Hill, and Prospect Heights. Insuring these owner- and tenant-occupied properties requires understanding their unique risks and having a program available that can address them. Let’s…
Fall Home Maintenance Checklist
Fall is upon us, and homeowners need to prepare their homes for the dropping temperatures and changing leaves. By weatherproofing and performing preventative home maintenance, homeowners can protect their property from any unwelcome surprises and make their autumn more pleasant. Knowing what needs to be done, however, is not always easy. Share this checklist with…
Say Goodbye to Pandemic Rental Deals
For most of the pandemic, we saw house prices rise and urban rents fall as city dwellers traded the apartment for a single-family home. Rents dropped as much as 25% in some cities, but the days of apartment steals have come to an end. Rental site, Apartment List, reports that the median apartment rent rose…
Most Popular Home Improvement Projects Amid COVID
Stuck at home, homeowners are displeased with their surroundings and funneling money they would have normally spent elsewhere into their homes. Over the past year, home improvement projects have surged and are showing no sign of slowing down. According to a survey from Axiom, a Minnesota-based marketing firm, 90 percent of 1,000 surveyed homeowners are…
Built to Rent Suburbs Picking Up Steam
Homeownership has been on the decline for decades, and not only among millennials. House prices have risen at a rate disproportionate to income, making homeownership increasingly unaffordable. Rent too has increased, contributing to Americans’ inability to afford down payments, but remains more affordable than homeownership.
Tips for Having a Safe Summer BBQ
On average, 10,600 home fires are started by grills each year. Approximately 20,000 patients go to the emergency room each year for injuries involving grills, totaling upwards of $37 million in damages. As the weather heats up and summer barbecues commence, don’t become a statistic. Share these simple tips for safe grilling with your property-owning…
Sedgwick Contractor Helps Mitigate Risks During Remodeling and Repairs
Sedgwick Repair Services provides customized managed repair, restoration, and mitigation through its network of certified local, regional and national contractors. Members of Distinguished Programs – insureds in our New York Brick & Brownstone Program, City Multi-Family Insurance, City Landlord Insurance, and City Condominium Insurance – have access to Sedgwick’s network of trusted contractors whose insurance…
City Homes Insurance Trends and New Updates
Housing in city environments is different from what you find in suburbia and has a unique set of needs. For the most part, city homes are made up of condos, apartments, and multi-family mixed-use buildings. Often times you’ll find that at least one of the units is owner-occupied. So just from this description, totally different…
Impact of COVID, Insurance Market on NY Brick & Brownstone and City Homes Programs
Recently we spoke with Katie Vespia, Program Manager for Distinguished’s NY Brick & Brownstone (NYB&B) and City Homes programs about the impact of both COVID and the insurance market on city properties across the county. NYB&B is a package insurance product designed for owner- or tenant-occupied properties in Manhattan, Brooklyn and Queens. City Homes offers…
Fire Safety Maintenance and Prevention Tips
While deaths from fires have steadily decreased over the past several decades, thousands of Americans die by fire every year, and thousands more are injured. According to FEMA estimates, the damage from fires cost over $25.6 billion in 2018 alone. Following a summer of record-breaking wildfires, comes the peak time for fire-related deaths: the winter…