2012 is starting off with an euphoric feeling in the equities markets as most major indexes are up almost 2.0% in early trading. As a result the bond markets are under pressure but we are still below 2.00%
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I would like to share with you yet another successful refinancing story about my recent clients, Ruth Bartley and Conan Brown. Looking for a reliable mortgage expert, Ruth and Conan came to me seeking
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The mortgage world continues to look like the place to be thanks to the continued support and unquenchable thirst for US Treasuries bringing the yield below the pivotal 2.00% (currently 1.94%). Yesterday’s
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Homeowners Insurance | Home Insurance | Coop Insurance | Condo Insurance For Home Owners A home is the largest investment that most of us will make in our lives. Since it is the largest investment,
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Hi Ushamir,
Are you talking about an actual house or an apartment? In apartments they quote usually by bedroom count, and a one bedroom apartment would be way under $200 a year. House would obviously be more, but shouldn't be by much. I have someone who does my insurance at AllState if you like the contact #.
Best,... more
In 90% of co-ops the co-op's insurance only covers incidents originating from and/or affecting - the common elements of the building. Assuming both of the units involved in this leak belong to individual owners - and assuming the toilet back-up was caused within the privately held space - the co-op's insurance would not apply. It may apply if the back-up was caused by defects in the common area plumbing.... more
Your policy covers much more than that. If you cause damage in other uni you can be liable forthat, the coops insurance might pay but then would look to you.
It also coves your property such as Furniture, appliances, etc.
I have seen examples where the apt on a higher floor had a fire, the water damaged the unit below (or even floors below) but the tenant above had no insurance and the owner above did not either...the coop was damaged (elevator ruined $500K in damage there alone) so the coop went after the owner, she had no money, so they are taking the unit ...there is no money for other affected owners personal property, and no point in trying to getblood from a stone. So my owner paid.
Do not own in NY (or anywhere else) without insurance... more
Do you have any tenants in the building? If you do, what you really want is an insurance package that covers your interests as a landlord as well. Depending on your situation, you might want a Landlord Insurance Package.
It can be difficult to find insurance appropriate insurance. To save time and perhaps money, try calling insurance brokers. Here is a list I found in a search:
http://www.getfave.com/locations/ny/new-york/insurance-brokers
Hope it works out for you!
Karla Harby
Vice President
Licensed Real Estate Salesperson
Charles Rutenberg Realty, LLC
127 East 56th Street, 4th Floor
New York, NY 10022
(212) 688-1000 ext. 383
(917) 365-0876 cell and text messages
(212) 688-1919 fax
kharby@rutenbergrealtyny.com
http://www.rutenbergrealtyny.com/agent_details.aspx?agentid=51888... more
Well, obviously I don't know any details of your home, but look into Pure Insurance, they specialize in coastal homes so they would have strong flood and wind coverage. They write policies in New York.... more