Brownstone values continue to soar, and savvy Brooklyn multi-family homeowners are discovering a smarter approach to insurance. Gone are the days of one-size-fits-all policies that force owners to pay for coverage they don’t need.
“The traditional brownstone insurance market has been treating these unique properties like cookie-cutter homes for far too long,” said Laura Allocco, commercial lines director of Brownstone Agency.
Breaking Down the Old Model
Typical insurance carriers operate on a rigid percentage-based system, where additional coverages are automatically tied to the building’s value. This often results in Brooklyn homeowners paying for unnecessary coverage simply because their property values are high – a particular concern in neighborhoods like Park Slope, Brooklyn Heights, and Fort Greene.
Brownstone Agency is disrupting this model by offering:
- Removal or reduction of unnecessary coverage components
- Building limits based on actual replacement costs rather than inflated values
- Mid-term policy adjustments without penalty
- Direct collaboration with underwriters for accurate valuations
“We’re seeing clients save significant amounts by eliminating redundant coverage,” Allocco said.
For brownstone owners, this flexible approach translates to:
- Lower premiums through elimination of unnecessary coverage
- More accurate property valuations
- Ability to adjust coverage as needs change
- Insurance that reflects the unique characteristics of their property
Also, lock in a three-year prepaid policy. Contact Brownstone Agency to learn more about locking in your rate until 2028.
