Condo/Coop Unit Owner Alterations: Does The Contractor Need To Carry Coverage For New York Labor Law (Action Over Insurance)? First, let’s just say if you don’t know what New York Labor Law (Action Over) liability is read here before reading…
Fallen trees and branches are a significant cause of damage and power loss after a thunderstorm rolls through. But if a neighbor’s tree falls on your property and causes damage, who is responsible? In most cases, it’s your homeowner policy…
There may be claims made against the insured but not yet reported to the current carrier There may be pending claims the Insured is not aware of yet There may be “potential claims” which Insureds report to the current carrier;…
When we study the loss experience of cooperative or apartment buildings, we note that the most serious losses that occur are directly related to the work performed by contractors and their subcontractors. New York statutes and common law make the…
What is Cyber Insurance? Cyber threats are commonplace today, and community associations and their boards of directors must make data security a top priority. Failure to do so could result in board members being held liable to owners for negligence…
With temps plunging into record lows, the potential for frozen pipes can create a headache for homeowners. Here are just a few things one can try to avoid this from happening. In basements and crawl spaces, pipes touching an outside…
Guaranteed Replacement Cost = Full Coverage For Your Home! Most Homeowners policies are on an actual cost basis or replacement cost form. (Those will be discussed in another blog post) So is there something better than replacement cost? YES! Guaranteed Full…
If you’re at all familiar with the process of shopping for insurance for your business, it’s likely you’ve seen the terms “non-admitted” and “admitted” relative to how insurance carriers are classified. For the purposes of this article, the terms admitted…
You paid $565,000 for your home, but your New York agent thinks your ‘bargain purchase’ for a seasonal residence should be insured for $708,000. How can that be? We get this question constantly being that our agency writes a lot…
A careful review of additional insured endorsements is essential to protect those looking for coverage as additional insured. If someone is told that they just need to be named as an additional insured to protect themselves in a construction project,…