Why Brooklyn Property Owners Are Locking in Their Insurance Rates Now

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

If you own a Brooklyn brownstone or multi-family building, you’ve surely noticed a troubling trend: Insurance rates have climbed more than 20 percent annually in recent years. Each time a policy comes up for renewal, property owners face steeper premiums—and 2026 shows no signs of reversing this pattern.

The true cost of rising rates

Consider this scenario: A brownstone policy costing $10,000 today could jump to $12,000 at renewal. Over three years, these increases compound significantly, adding thousands to your insurance costs. For multi-family property owners, these increases directly impact their bottom line and can force difficult decisions about rent increases or deferred maintenance.

The Brownstone Agency difference

While other agencies can only offer standard one-year policies at whatever rates are available when you renew, Brownstone Agency provides a unique alternative—a three-year prepaid policy option that lets you:

• Lock in current 2025 rates through 2028
• Avoid multiple years of rate increases
• Maintain predictable insurance costs
• Secure coverage from A-rated carriers
• Work with brokers who know your neighborhood

A strategy that makes sense

It’s simple: The three-year prepaid option is smart financial planning. By securing your rate now, you gain budget certainty and protection against market volatility. This approach has paid off for property owners who’ve watched their insurance costs climb steadily over the past decade.

Brownstone Agency’s deep understanding of Brooklyn properties, developed over 50 years in the market, means they can often find coverage options other brokers miss. Their relationships with multiple carriers ensure competitive rates, while their local expertise helps property owners get the right coverage for their specific needs.

While you can’t control insurance rate increases, you can control when they affect you. Contact Brownstone Agency and secure 2025 rates before next year’s increases take effect.