Why Brownstone Owners Should Consider Eli Cohen Insurance Agency

Sponsored By Eli Cohen Insurance Agency

Eli Cohen Insurance Agency continues to be Chubb's premier agency for luxury homes and high-end brownstones in New York, New Jersey, and beyond.

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“For brownstones and homes built in the late 1800s to early 1900s, insurance options are limited,” said Eli Cohen, owner of Eli Cohen Insurance Agency. “When it comes time to replace structure and details on brownstones, many insurance companies will only pay the amount it would cost to replace with lesser quality materials, leaving you with a gap and paying out of pocket for the difference.”

Cohen, along with his 20-person team, helps these clients. “When a client comes to us, we shop around with different insurance companies to find the right fit, right coverage, and right premium for them,” said Cohen, who is an agent for over 30 insurance companies including Chubb, PURE, Travelers, Brownstone Agency, Zurich, Liberty Mutual, and more.

The problem, said Cohen, is that many homeowners looking for more than $1.5 million coverage have limited options. “The Liberty Mutual max is $700,000, Allstate max is $1.5 million, Geico and Travelers both are not offering homeowners insurance in New York at all right now,” said Cohen.

Enter Chubb Insurance.

Above the $1.5 million threshold, Chubb understands that client’s lifestyle and quality of construction they expect, and when they contact Eli Cohen Agency, a premier agent for Chubb, they’ll get what they’re looking for.

“Homeowners insurance rates are a lot higher than they used to be — the cost of construction has increased, as has the cost of claims,” said Cohen.

First time homebuyers also find Cohen and his agent’s expertise useful. “The intricacies of different insurance options for brownstone homes and custom single-family homes are unique,” said Cohen. “So we conduct an in-person inspection and interviews to help calculate the coverage that is needed and, more importantly, what is not needed.”

Cohen offered a caveat, though: “Rates are projected to continue to increase over the next 12 months, so the earlier clients can lock in their policy, the better off they will be in the long run.”

In his 15 years in the business, Cohen said the most satisfying aspect of what his team does is knowing that his clients can sleep well at night — “knowing that if they were to have a claim, they have the right guidance from the right insurance agency in their corner.”

Call Eli Cohen Agency at 718-336-1700 or email info@elicohenagency.com for a free quote today. To learn more, visit Eli Cohen Insurance Agency online.