With insurance rates going up as much as 20 percent annually, Brooklyn multi-family building owners save on building insurance using three key strategies:
Building inspections with a purpose:
Conduct regular checkups of structural integrity, electrical systems, plumbing, fire safety, and HVAC. By spotting and fixing issues early, you’re showing due diligence that can lead to savings.
Beefing up safety measures:
Investing in robust safety features is a win-win. This might mean updating fire systems, adding security cameras, or installing modern access controls. Many owners are also exploring tech solutions like smart leak detection and IoT-enabled building management for real-time oversight.
Lock in this year’s rate until 2027:
Brownstone Agency’s three-year prepaid policy locks in this year’s rate so you won’t see an increase for three years. No other insurance agency has that policy.
To protect your investment, reach out to Brownstone Agency today and inquire about locking in a low rate with their three-year prepaid policy.
