You Own a Multifamily Brownstone. Here’s Why the Right Insurance Coverage Matters

Photo by Susan De Vries

Owning a multifamily home doesn’t mean you need take on multiple problems. Here’s why the right insurance can make a difference and reduce your stress:

Don’t get hit with annual increases: If you don’t have a policy that allows you to lock in a price for three years, you’ll be subject to annual insurance increases. Here’s why that’s bad news: In the last two years, rates for multifamily homeowners have increased 30 percent.

Fortunately, Brownstone Agency has a three-year prepaid policy that allows you to avoid these rate hikes.

Make sure coverage isn’t limited: Forgive us for getting in the weeds here, but if your coverage is written on a Business Owners Policy form, it’s time to re-evaluate. Why? Your ability to vary the flood, quake, or sewer limit might be limited.

Good news though: Brownstone Agency writes on a Commercial Package Policy form, which can enhance coverage limits based on the size of the property and the exposure better than anyone else.

To protect your investment, reach out to Brownstone Agency today and inquire about locking in a low rate with their three-year prepaid policy.

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