Insurance for the buildings you actually own.
We broker property and liability coverage for small and mid-size apartment buildings in Brooklyn and Manhattan, and we come from property management, not sales.
How we work differently
We build the submission from the building's own records
Insurers price what they can see. Before anything goes to market we pull five years of loss runs, the dates the roof, boiler, plumbing and electrical were last done, the open violations, and a statement of values that lines up with the mortgage. It takes a little of your time up front. It's also the difference between a quote and a decline.
Every proposal gets run through a written list
We keep a checklist for apartment buildings and every proposal goes through it before you see it. Is the building limit at least the loan balance? Is ordinance or law on there? Loss of rents? Did we get an umbrella quote even if nobody asked for one? When the answer is no, the proposal says so, in plain words, on the first page.
You'll know if it's admitted or surplus lines before you sign
A lot of Brooklyn walk-ups can't get admitted paper. That's fine, but you should know which market you're in and why. When a quote is surplus lines, the 3.6% New York excess line tax and the ELANY stamping fee show up as their own lines on the quote, at cost. No markup, no surprise on the invoice.
Who we work with
Owners of 3 to 50 unit buildings in Brooklyn and Manhattan. Walk-ups and elevator buildings, rent-stabilized and free market, one building or a portfolio of LLCs. We also deal with your lender when they want a mortgagee clause changed or a certificate at closing, so you don't have to.
Send us your renewal date.
That's all we need to start. We'll tell you what to send and when, so the file is at market 90 days out instead of 10.