In the fourth episode of The Brownstoner Podcast, Jeff Schneider, president of Gotham Brokerage, explains what renters and homeowners need to know about home insurance in New York City, from insuring historic townhouses to flooding.
Spouses and domestic partners are covered automatically -- which is good news if your partner has better credit than you.
A broker with local knowledge can help translate the requirements of co-op boards and condo boards, which can vary.
Insurance rates are based on rebuilding or replacement cost, not market value.
Some insurers will not cover you if you have certain "bad reputation" dog breeds.
Maybe your inventory check reveals you’ve recently acquired fine art, new electronics, expensive jewelry or have done a renovation?
You likely have more “stuff” than you realize -- the average person owns more than $20,000 in personal property.
Many bots generate price quotes using algorithms that are still "tuned" to rural and suburban middle America.
Gotham doesn’t use a bot, but they do have a diligent staff of people who will get you the proper quote in 15 minutes.
Your microwave popcorn fire spreads and the homeowner above you suffers burns. Your policy covers his expenses. True or false?