NYC building insurance, by building type and borough

Find your building type

Insurers price and write buildings by class: who lives or works there, how the building is built, how big it is and how it is run. Each page below explains the coverage that building type usually needs and what underwriters ask about.

• Co-op insuranceCo-op building insurance in New York City: the master property policy, liability, umbrella, D&O for the board and crime coverage.
• Condo association insuranceCondo association insurance in NYC: the condominium master policy for the building and common elements, liability, umbrella, D&O and crime.
• HDFC co-op insuranceInsurance for HDFC co-ops in New York City: building property, liability, D&O for the board and crime coverage, built around HDFC budgets and regulatory agreements.
• Rental & walk-up (landlord) insuranceLandlord insurance for NYC rental apartment buildings and walk-ups: property, loss of rents, general liability and umbrella.
• Mixed-use building insuranceInsurance for NYC mixed-use buildings with apartments over retail, restaurants or offices: one program for residential and commercial exposures.
• Commercial property (overview)Commercial property insurance for building owners in NYC and nationwide: office buildings, shopping centers and retail, mixed-use, vacant buildings and construction.
• Office building insuranceOffice building insurance for owners in NYC and nationwide: commercial property, loss of rents, general liability, umbrella and equipment breakdown for single- and multi-tenant offices.
• Shopping center & retail insuranceInsurance for shopping centers, strip centers and retail buildings: property, loss of rents, general liability for parking lots and sidewalks, umbrella and tenant insurance requirements.
• Vacant building insuranceVacant building insurance in NYC for empty buildings, buildings between tenants and properties awaiting renovation.
• Builders risk & constructionBuilders risk and construction liability insurance in NYC for ground-up projects, gut renovations and conversions.
• Umbrella for apartment buildingsUmbrella and excess liability insurance for NYC apartment buildings, co-ops and condos: what it covers, how much limit owners carry, and what lenders require.

Find your borough

The same six-story walk-up can be underwritten differently in Red Hook and in Riverdale. Flood zones, building age and local building stock all play a part. Our borough pages cover what owners there tend to run into.

• ManhattanInsurance for Manhattan apartment buildings, co-ops, condos and mixed-use buildings from an independent broker on 3rd Avenue.
• BrooklynLandlord and apartment building insurance in Brooklyn: walk-ups, brownstones, elevator buildings, co-ops and mixed-use.
• QueensApartment building, co-op and landlord insurance in Queens: garden apartments, six-story elevator buildings, mixed-use and multifamily.
• The BronxInsurance for Bronx apartment buildings: prewar walk-ups and elevator buildings, HDFC co-ops, rentals and mixed-use.
• Staten IslandStaten Island landlord and apartment building insurance: multifamily, garden apartments, mixed-use and buildings near flood zones.

What a typical NYC building insurance program includes

• Property insurance for the building at replacement cost, plus loss of rents (business income) while it is repaired.
• General liability for injury and damage claims from tenants, visitors and the public. See property vs. general liability.
• Umbrella or excess liability for limits above the primary policy, often required by lenders and boards.
• Directors & officers (D&O) for co-op, condo and HDFC boards. See board D&O explained.
• Equipment breakdown for boilers, elevators and building systems, and crime / fidelity for building funds.
• Flood insurance where the building sits in or near a FEMA flood zone, since standard property policies generally exclude flood.

Not sure what your lender requires? Read what lenders require for an apartment building.