Better: The average annual cost for condo or co-op insurance in NYC ranges from $640 to $770 per year, according to estimates from Nerdwallet and Insurance.com. But insurance prices can...
Umbrella insurance policies for co-op and condo boards are becoming harder to obtain due to a perfect storm of factors. Learn more.
Rising insurance rates, shrinking coverage, and fewer carriers are causing headaches for co-op and condo boards. Learn how to minimize the pain.
Monthly fees and expenses for inspections, insurance and climate-friendly upgrades are squeezing residents of the city's many co-op and condo buildings.
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Sept. 30, 2024 ; There's a huge question on the minds of co-op and condo boards and their property managers these days: Why are our insurance proposals and renewal information being delayed, sometimes until the day of expiration? · The answer is complicated. It begins with today's hard insurance market, in which insurance carriers protect their profitability by raising premiums, lowering coverage limits and sometimes adding exclusions to policies. Many carriers, squeezed by declining profits, have simply left the New York market. One result is ...
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Based in Brooklyn, Max J. Pollack Insurance provides personal insurance and commercial insurance for clients throughout the NYC region.
NYC co-ops/condos have to solve legal/financial problems in order to operate well. You can learn how to do that here.
• A Mitchell-Lama co-op in NYC operates under the supervision of HPD or the NYS Division of Housing and Community Renewal. This presentation applies to the City-aided Mitchell-Lama co-ops...