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Why Your Insurance Premium Just Tripled — and What To Do
Manage episode 517134520 series 3397088
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Insurance carriers are abandoning New York buildings at an alarming rate, and your co-op or condo could be next. Jason Schiciano, co-president of Levitt-Fuirst Insurance and Bonding, reveals how a 108-unit cooperative saw their premium nearly triple after being non-renewed by their carrier. Learn why insurance companies are walking away from New York buildings and discover the red flags that could put your building at risk. Schiciano shares practical strategies to protect your building's insurability, and reveals why addressing maintenance issues now could save your board from a financial crisis later. Habitat's Carol Ott conducts the interview.
Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!
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