Post-Sandy threat: Big insurance cost surge

Written by Katie Zezima and Meghan Barr TOMS RIVER, N.J. — George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his life is in limbo as he waits to see if tough new coastal rebuilding ...

How to file a claim on your apartment insurance – the right way

Sponsored by Gotham Brokerage Co., Inc. To maximize your settlement amount and make the process as painless as possible, Schneider offers these eight tips. 1.  Decide whether to file a claim in the first place 2.  Report it promptly 3.  Wait until the claims adjuster gets there—if you can 3.  Gather documents to back up your claim 4.  Start ...

Graham Matthews says recent and significant changes in house insurance will have a big impact on homeowners

At the end of April the rules regulating how domestic home insurance policies are calculated changed. Previously, most policies were based on the size of the dwelling, but from the 28th of April, the policies of major home insurers changed, so that the sum insured is now based on how much the property would cost to re-build. This will mean potential ...

5 Smart Ways to Save on Your Home Insurance

by Thomas Zuo Everyone loves saving money and when it comes insurance, it should be no different than any other purchase. Of course, insurance companies don’t usually have coupons you can clip from your Sunday newspaper so you’ll have to do a little more research and digging to make sure you’re finding all the discounts. Below are a few tips ...

U.S. Cracks Down on ‘Forced’ Insurance

By ALAN ZIBEL And LESLIE SCISM WASHINGTON—A U.S. housing regulator is cracking down on a little-known practice that has hit millions of struggling borrowers with high-price homeowners’ insurance policies arranged by banks that benefit from the costly coverage. The Federal Housing Finance Agency, which regulates mortgage giants Fannie MaeFNMA ...

Risky Business: 66% of Renters Don’t Have Insurance

by Kate Rogers Two-thirds of American renters are taking a major risk when it comes to their  belongings. A new survey from  InsuranceQuotes.com finds only 34% of American who rent their homes or  apartments have renters insurance, meaning many renters are taking a big gamble  with their personal items if their place is broken into or damaged. Cost ...

Attorneys Answer Six More Questions Boards Have About Superstorm Sandy

By Adam Leitman Bailey, Leonard H. Ritz and Dov Treiman Jan. 15, 2013 — In this second of two installments, leading real-estate attorneys answer more condo and co-op board members have been asking about what’s expected of them and of shareholders / unit-owners in the terrible aftermath of superstorm Sandy.   Q:  Does the Board have any ...

What You Must Know When Negotiating a Rooftop Antenna Contract, The Cooperator

By Adam Leitman Bailey and Dov Treiman As the trilogy of real estate values rising, building usage changing, and cellphone and Internet communications became universal, wireless telecommunications companies became popular defendants in the Commercial Part of New York’s Civil Court. Owners began examining their rooftop antenna agreements to determine ...

NEW Corporate Offices May Not Include…Offices!

Office space is changing.  That is for sure.  In the last two years I have worked with three Fortune 500companies that have cut their existing offices spaces by more than 50% (without cutting employees). Hard walls are out.  Cubes are in. There are reasons for this: 1. In the three cases stated above the offices were built when the market/economy ...

Demonstrating The ‘Irrational’: Whatever Happened to Article 78? New York Law Journal

By Adam Leitman Bailey & Dov Treiman CPLR Article 78 gathers together the old writs used by the common law courts to review the work of administrative agencies. Section 7803 of that article limits the questions that can be raised in such proceedings to whether the agency failed to perform its duty, acted in excess of jurisdiction, violated lawful ...