Lock In Your Rate With Brownstone Agency's Prepaid Policy

"Have you noticed insurance rates climbing year after year? You have if you own a multifamily property in Brooklyn. Some owners have seen increases as high as 30 percent. These rising costs are tied to several factors, including higher repair expenses, more frequent severe weather, and the challenges of insuring older buildings. For property owners trying to budget effectively, these unpredictable hikes can be a major drain."

"Why does this policy work? Most insurers prefer annual policies because they can adjust rates more quickly and earn premiums faster. But Brownstone's large volume of business makes them a valuable partner for insurance carriers, allowing them to offer this longer-term option to clients. For property owners, it means three years of stability in a volatile market. The benefits are clear."

Insurance rates for multifamily properties in Brooklyn have climbed significantly, with some owners facing increases up to 30 percent. Rising repair costs, more frequent severe weather, and difficulties insuring older buildings drive these increases. A three-year prepaid policy locks in current premiums and prevents annual rate hikes. Brownstone Agency offers this policy, relying on decades of specialization and carrier relationships since the 1970s. Brownstone's large volume of business enables carriers to extend longer-term options. The policy provides budget stability, protection from sudden increases, and predictable costs, giving property owners financial planning advantages and greater peace of mind. Contact Brownstone Agency to learn more.

Read at Brownstoner