Have You Reviewed Your Policy Lately? A Brownstone Owner's Guide

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’re a multi-family or single-family owner, when was the last time you took a close look at your insurance policy? Many owners are discovering they’re paying for coverage they don’t need, simply because traditional insurers use a one-size-fits-all approach.

Let’s break down what makes Brownstone Agency‘s approach different:

Realistic Building Valuations

Traditional insurers often set inflated replacement values – sometimes as high as $2,500 per square foot. This artificial inflation affects every other aspect of your policy. At Brownstone Agency, they work directly with underwriters to establish agreed-upon building values that reflect real-world costs.

Flexible Personal Property Coverage

Here’s a common scenario: If your building is valued at $5 million, standard insurers might require you to carry $2 to 2.5 million in personal property coverage. But do you really need that much? Brownstone Agency will let you adjust these numbers based on actual needs, not arbitrary formulas.

Custom Coverage Options

Their build-your-own approach means:

• Freedom to remove unnecessary coverage
• Ability to make mid-policy changes without penalties
• Coverage based on actual risks, not preset packages
• Pricing that reflects your building’s specific situation

Three-Year Rate Lock

This is the big difference: While other insurers increase rates annually (sometimes by 20 percent or more), Brownstone Agency offers a three-year prepaid plan that locks in your rate until 2027. This means predictable costs in an unpredictable market.

Expert Local Knowledge

With 52 years of Brooklyn property experience, Brownstone Agency understands the unique challenges of multi-family building ownership. Their underwriters shape plans around each building’s specific needs, not generic formulas.

Why review your policy now? Because in today’s market, the difference between standard coverage and smart coverage could mean thousands in savings. Plus, with rising property values and insurance rates, there’s never been a better time to lock in your costs.

Get in touch with Brownstone Agency today.