Category: Insurance

Insurance Covering the Gaps
2009 August Covering the Gaps

 Unlike individual apartment owners’ insurance coverage, most co-op and condo buildings’ insurance policies are pretty standard—they include homeowners’ insurance, liability, and umbrella coverage. Usually, the common areas such as  the ha…

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Insurance A Look at Contractor Liability
2009 August A Look at Contractor Liability

Part of the process of bidding and hiring a contractor to work in your building is verifying their insurance coverage. Uninsured or inadequately insured contractors pose a serious threat to a co-op or condo community’s finances and can …

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Insurance Examining the Effects, Planning Ahead
2009 August Examining the Effects, Planning Ahead

The economic crisis has affected many individuals, businesses and markets—the real estate and job markets, to name just two particularly nasty examples. Until now, one of the few industries that didn’t seem as deeply impacted was the ins…

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Insurance It's More than Just Keeping the Water Blue
2008 Aug It's More than Just Keeping the Water Blue

It’s a scorching 92 degrees in Manhattan and many city-dwellers are dreading the traffic-filled ride to the beach or the long bus or rail commute to the Hamptons. But for some lucky co-op and condo owners, relief—in the form of an in-hou…

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Insurance Buildings Have Plenty of Insurance Options
2008 Aug Buildings Have Plenty of Insurance Options

If you live in a condo or co-op in New York City, your building is obviously protected with insurance—but do you really know about the various layers of protection standing between your community and a broad array of risk factors? Does y…

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Insurance What's New? What's Necessary?
2008 Aug What's New? What's Necessary?

It’s capitalism’s most basic tenet: supply and demand. When supply is sparse and demand high, prices go up. When supply is plentiful however, prices go down—and suppliers are forced to diversify their offerings in order to distinguish th…

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Insurance On the Rise, or Holding Steady?
2008 Aug On the Rise, or Holding Steady?

Just like in our own personal budget, it seems that the everyday expenses of a co-op or condominium building just keep going up. Among the most prevalent cost hikes, as readers surely know, are fuel, salaries, repairs and the price of ma…

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Insurance A Look at Workers' Compensation
2008 Aug A Look at Workers' Compensation

Workers’ compensation, according to the New York State Workers’ Compensation Board, is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job. Employers—an…

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Insurance Insurance and Your Contractor
2007 Aug Insurance and Your Contractor

Co-op buildings routinely require contractors to provide a Certificate of Insurance before any work is started either in a building or for individual shareholders. The managing agent or the shareholder will usually provide a list to the con…

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