Protecting Your Multi-Family Building From Summer Storm Damage

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 climate patterns shift, summer storms increasingly pose risks to Brooklyn multi-family property owners. Since 1973, Brownstone Agency has seen it all, and understanding potential claims is more important now than ever.

Preparing can help protect both your property and your wallet. Multi-family owners frequently face several types of storm damage:

• Water damage from backed-up sewers and drains
• Wind damage to roofs and building exteriors
• Lightning strikes affecting electrical systems
• Flood damage to basement units and ground floors
• Equipment breakdown from power surges

Financial impact
When storms hit, multi-family property owners can face a boatload of costs. They must pay for immediate repairs while often losing rental income if tenants need to move out during the work. Some owners find themselves paying for temporary housing for their tenants. On top of these direct costs, many see their insurance rates climb after making claims. The expenses add up quickly when building systems and equipment need repair or replacement.

Storm season prep
How do smart property owners prepare for storm damage? Through year-round upkeep. Regular checks and cleaning of drainage systems help prevent water backup during heavy rains. Having backup power ready means tenants won’t be left in the dark, and critical systems keep running during outages.

Building owners should check their roofs and walls before storm season hits, and make sure their electrical systems can handle summer surges. The right insurance coverage rounds out this protection, especially when it includes flood insurance and coverage for equipment breakdown.

Planning for the future
With insurance rates responding to increasing storm activity, many property owners are turning to Brownstone Agency’s three-year prepaid insurance plan, which locks in today’s rates. By paying up front, owners know exactly what they’ll spend on insurance for the next three years – no surprises, no jumps in cost.

For coverage options and info about the three-year rate lock program, contact the Brownstone Agency directly.