NYC building owner insurance

Owning a building in New York City — multi-family, mixed-use, or fully commercial — means navigating a property insurance market that's tightened sharply since 2022. Several major carriers have pulled out of flood-exposed zip codes, and underwriters are scrutinizing roof age, electrical updates, and loss runs before they'll quote.

A proper building policy covers the structure at true replacement cost, $1M–$2M of liability (most experienced owners stack an umbrella on top), 12 months of loss-of-rental-income coverage, ordinance-or-law coverage for NYC code upgrades after a loss, and equipment breakdown for boilers, elevators, and HVAC.

Asured brokers know which carriers actually want NYC building risk right now — surplus lines, regional carriers, admitted markets — and which ones won't touch it. We get your file in front of the right markets the first time.