Brownstone Agency offers a unique opportunity for multi-family building owners to lock in their current insurance rates for three years, protecting them from significant price hikes.
As winter exacerbates issues like frozen pipes and roof damage in Brooklyn's aging brownstones, insurance rates are rising 20-25% annually, creating financial strain for owners.
Owning a multi-family building can be costly, especially as aging infrastructure leads to increased claims. Brownstone Agency emphasizes that proactive maintenance and good records can mitigate insurance costs.
This three-year rate lock is crucial for building owners as it guarantees a consistent insurance cost in an environment where rates are prone to rise significantly with winter-related damages.
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