Are You Overpaying for Your Brooklyn Brownstone Insurance?

Sponsored By Brownstone Agency, Inc.

The Brownstone Agency, Inc. has been providing quality and affordable insurance coverage for brownstone, townhouse, and multi-family owners, and condo and co-op boards since 1973.

Created By Brownstoner

As a Brooklyn brownstone, townhouse, or apartment owner, you might be paying for insurance coverage you don’t need. That’s because many insurance carriers use a one-size-fits-all approach that could be costing you thousands in unnecessary premiums. But Brownstone Agency offers a different solution.

The Hidden Cost of Inflexible Coverage

Traditional insurance carriers often use a rigid formula: They set extremely high building replacement values and then automatically calculate other coverages as fixed percentages. For example, some carriers might insure a building at $2,500 per square foot — an extraordinarily high valuation — and then require personal property coverage at 40 percent to 50 percent of that amount.

Put this in perspective: If your brownstone is valued at $5 million, you could be forced to carry $2 million to 2.5 million in personal property coverage. Do you really have millions of dollars in furniture and personal belongings inside your home?

The Brownstone Agency Difference

Brownstone Agency offers flexible insurance solutions. Instead of forcing you into predetermined coverage amounts, their policy allows you to:

• Work directly with underwriters to establish an agreed-upon building value
• Adjust personal property coverage to match your actual needs
• Remove or reduce coverages that don’t apply to your situation
• Pay only for the protection you actually need

Lock in Your Rates Now

Once you’ve arrived at a price for coverage you actually need, then you can lock it in for three years — another opportunity unique to Brownstone Agency. Their three-year prepaid policy option lets you secure current rates and protect against future increases. This helps you maintain predictable insurance costs in an increasingly expensive market.

The Bottom Line

Your Brooklyn brownstone deserves proper protection, but that doesn’t mean you should pay for coverage you’ll never use. The best insurance policy isn’t necessarily the one with the highest limits—it’s the one that precisely matches your actual needs.

Contact Brownstone Agency today to learn how you can save on your brownstone insurance and lock in your rates for the next three years.