Hard-to-Place Apartment Building Insurance in NYC
A nonrenewal notice, a steep increase, or a "no" because of building age, frame construction or past claims can leave an owner scrambling. KB Insurance is a boutique independent brokerage. For over a decade, we've placed property, specialty and commercial risks with creative solutions and a personal touch.
We take the time to understand your building and present it carefully to markets that consider harder risks.
What's Generally Covered
Availability and terms depend on the insurer, the policy wording and underwriting. Options may include:
- Property coverage, which may come from standard or excess and surplus lines markets
- General liability for the premises
- Loss of rents
- Umbrella or excess liability, sometimes built in layers
- Equipment breakdown and ordinance or law options
We'll explain any exclusions, deductibles or conditions that come with a harder-to-place policy.
Who It's For
- Owners of older walk-ups and pre-war buildings
- Frame and brownstone buildings
- Buildings with prior losses, open violations, or deferred updates
- Owners who were nonrenewed or who face a large renewal increase
- Rent-stabilized and mixed-use buildings in Brooklyn, Queens, the Bronx and Manhattan
What We Need to Quote
- Building address, units and occupancy
- Construction type and year built
- Roof, electrical, plumbing and heating update years
- Loss runs, ideally for several years
- Current policy, renewal date and any nonrenewal notice
- Open violations and what's being done about them
Start a quote with the address or call 718-872-5525. Starting well before renewal gives us more room to work.
Why Work With a Broker
Harder risks depend on how the building is presented. Updates, maintenance and a plan for open items all matter. As an independent broker, we compare options across multiple markets and give you a straight answer about where things stand.
Start a Quote
Start a Quote or call 718-872-5525.
KB Insurance Brokerage · 5014 16th Avenue #515, Brooklyn, NY 11204
FAQs
Why was my building nonrenewed?
Reasons vary. They can include losses, building age or construction, inspection findings, or an insurer changing its appetite. Your notice and loss runs are a good place to start.
Can a frame building be insured?
Frame buildings can be harder to place, but options may exist depending on the building and underwriting.
Do prior losses mean I can't get coverage?
Not necessarily. Explaining what happened and what was fixed can help underwriters evaluate the building.
What helps a submission?
Documented system updates, maintenance records, current loss runs, and a plan for any open violations.
How early should I start?
As early as you can before renewal. Hard-to-place risks take time to market.
What are excess and surplus lines markets?
They are insurers that may consider risks outside standard guidelines, often with different forms and terms. We'll review those terms with you.