Post Topic
City Homes Insurance
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…
Surge in Home Improvement Projects Amid COVID-19
Note: Distinguished Programs no longer offers Builder’s Risk or Vacant Building insurance. Explore our other programs for tailored solutions. As the pandemic keeps Americans in their houses and apartments, many are pulling out their toolboxes and getting to work on home improvement projects. Quarantine has us spending much more time than normal in our homes,…
Package Policy for Multi-Family Units Wraps Coverage Features Together
Property owners of multi-family units, in order to properly protect themselves from the various exposures they face, require landlord insurance that goes the distance. This includes securing Property and General Liability insurance designed for this unique niche market.
Ordinance or Law Insurance for City Homes
In reviewing a multi-unit property owner’s insurance needs for a condo, apartment building, co-op, brownstone, or mixed-used structure, there are many exposures to address and ensure that coverage will respond. Having replacement cost coverage with Commercial Property insurance is one important feature of a sound program but making sure that the policy will also address…
How to Mitigate Water Damage in Multifamily Buildings
Water damage is among the leading property claims payouts for insurance companies. In fact, the annual cost to insurance companies from water damage and mold, according to the Water Damage Defense, is $2.5 billion. Water damage can stem from various sources including: internal leaks, valve failure, or a supply line failure in a water heater;…
Why Replacement Cost Over Market Value Makes Sense for Multi-Family Homes
Distinguished Programs specializes in providing insurance for City Homes and New York Brick & Brownstone properties. Often questions arise from property owners on how to best determine the amount of coverage they need to purchase under their Commercial Property policy – whether this should be based on the building’s market value or replacement cost value….
Distinguished Programs Names Zurich North America as New Carrier for City Homes Insurance Program.
MEDIA CONTACT: Rod Hughes | rhughes@kimballpr.com | (610) 559-7585 NEW YORK, Jan. 7, 2019 – Distinguished Programs, a national insurance program manager, today announces Zurich North America as the new insurance provider for its City Homes Insurance Program (CHIP) effective as of January 1, 2019. Zurich also operates as the provider for Distinguished Programs’ NY…
From the Claim Files: Backup of Sewer and Drain
The Claim: It’s a hot summer morning, and you wake up with the feeling that something is not right. In fact, you don’t just think it… you smell it. It’s awful! And as you open the door to the basement, your suspicions are confirmed when you see all of your boxes, bins, and treasures floating…