How to Keep Your Insurance Rate Steady in Uncertain Times

"The three-year prepaid policy from Brownstone Agency locks in your rate for three years-no matter what happens with the market. If you own a multi-family building in Brooklyn and Manhattan, you've probably noticed your insurance bill keeps going up. Policies that used to see small increases are now jumping by 15 or even 20 percent every year. And it's not just you. Insurance options for higher-value properties are shrinking."

"It might seem smart to shop for a better deal in the middle of your policy term, but that can be risky. When you switch plans or carriers, you could lose out on loyalty credits, or even find yourself without coverage if you miss renewal windows. That's why Brownstone Agency 's three-year prepaid policy stands out. You lock in your rate for three years-no matter what happens with the market. That means no surprise hikes, no scrambling to find another insurer each year,"

Brownstone Agency offers a three-year prepaid insurance policy that locks rates for three years regardless of market changes. Multi-family building owners in Brooklyn and Manhattan are experiencing annual premium increases of 15–20 percent and shrinking options for high-value property coverage. Switching carriers mid-term can forfeit loyalty credits and risk coverage gaps if renewal windows are missed. The three-year prepaid plan removes annual renewal requirements by providing payment and coverage for the full three-year period. The plan guarantees a fixed rate through the term, reduces exposure to market-driven hikes, and decreases annual administrative and shopping stress.

Read at Brownstoner