Post Topic
Habitational Real Estate Insurance
How to Sell Real Estate Umbrella Insurance
There are several hazards a property owner faces that could result in a catastrophic liability lawsuit. This includes attractive nuisances (open access to a swimming pool, for example), elevator or escalator malfunction, inadequate security, negligent property maintenance, premises in disrepair, and unprotected slip hazards (such as spills or recently cleaned floors), among others. To determine…
City Insurance Program…A Closer Look
The Distinguished City Insurance Program provides specialized insurance coverage to meet the needs of property owners and landlords for homes in select cities. Eligible classes include apartment buildings, condos, co-ops, brownstones, and mixed-used properties up to 100 units in a single building or listed on a schedule. When insuring city homes, particularly properties with multiple…
The Case for Higher-Limit Real Estate Umbrella Insurance
Property owners face a number of exposures that could result in a catastrophic liability lawsuit, making the case for ensuring vigilant maintenance of safety and security measures and for purchasing higher-limit Real Estate Umbrella insurance. Exposures include attractive nuisances (such as open access to a swimming pool), elevator or escalator malfunction, insufficient security, negligent property…
Top 3 Real Estate Risk Exposures for Property Owners
What are the top risk exposures real estate property owners & managers face? The sources of top liability exposures for residential and commercial real estate include: sidewalks, parking lots and parking structures, pools, playgrounds, and elevators. Slips and falls, drownings, and assaults and other security issues often result from negligent property maintenance, unprotected slip hazards,…
Top 3 Areas People Forget When Winterizing A Home
During the winter season most of us remember to do obvious things like crank up the thermostat and stock up on rock salt to prevent slips on icy sidewalks. Depending on where you live, some winterizing preps might seem unnecessary. However, these can quickly turn into costly black swans.
Tips on Preventing Accidents on Thanksgiving
Susie endures the hour-long drive to her grandparents’ house to share her homemade pumpkin pie… but she’s running late so she starts to speed. College freshmen attempt to cook an entire turkey dinner in their dorm’s communal kitchen… a friend starts chatting in the hall, and they fail to notice the gravy beginning to burn…
Why Coastal Builder’s Risk Insurance Is Critical for Properties Under Construction
The 2021 hurricane season is shaping up to be a rough one with no signs of slowing down. Hurricane Ida ripped through the Gulf states downing power lines and obliterating structures. It then made its way up the Atlantic, unleashing record-breaking rainfalls, flash floods, and tornados which also caused extensive damage. Catastrophe risk solutions company…
Protect Vacant Buildings from Halloween Vandalism
After more than a year of pandemic protocols and social distancing, experts like Dr. Fauci say families should enjoy trick or treating. That’s great news for all the children who missed Halloween last year. But Halloween can be the scariest night of the year for the owners of vacant real estate. Halloween vandalism at vacant…
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…
Eviction Moratorium Extended, Real Estate Groups and Landlords Displeased
At the heels of an expiring national moratorium order, the Centers for Disease Control and Prevention issued a new, more limited two-month eviction moratorium on Tuesday, August 8th. Unlike the previous order, the new ban on evictions only applies to parts of the United States experiencing a “substantial” or “high” spread of coronavirus — which,…