Insurance is a relatively simple concept that any homeowner can understand. You purchase a policy paying a premium to an insurer, and when a claim gets filed, the insurer pays. So in theory, insuring your co-op or condo building should …
Operating a business—or the day-to-day business of a co-op or condo—without adequate insurance coverage is a lot like skydiving with an untested parachute; you may land just fine...or the result could be catastrophic. If your condo or c…
When disaster strikes, whether in the form of a storm, a fire, or some other crisis, the devastation can be overwhelming—something we’ve seen too many times this summer on the nightly news. From making sure loved ones are safe to helping…
The goal is to be an informed board member. For both new and seasoned board members, however, there are countless challenging topics requiring specific knowledge. With new regulations and legislation on tap, it is imperative that board…
Insurance is a tricky business. Sure, people usually know the types of incidents that necessitate an insurance claim (fires, floods, leaks, etc.), but when something happens in a co-op or condo and an insurance claim is filed, few real…
As sales of co-ops and condos continue to slow, developers, property managers and building boards are looking for any possible incentive to attract buyers. Any realtor will tell you that location is the first and primary consideration …
Recent developments, legislatively, environmentally and technologically have led to considerable changes in the New York insurance marketplace. And such changes, as managers know, often lead to added paperwork, confusing requirements, …
Good afternoon—and welcome to the board. Your mission should you choose to accept it is to make decisions to better your building. The residents may not like you and, more importantly, may not like those decisions. Nevertheless, keep do…
Owning and managing real estate has many positives and negatives, requiring the performance of varied responsibilities and wearing of many different hats. Most of my clients typically view the insurance renewal process with a sense of …