Insurance

Can anyone provide some thoughts with respect to insurance to protect the personal liability of directors and officers of small (particularly self-managed) co-op boards from potential litigation? Specifically: 1) Is it typical for co-op board directors and officers to be insured? 2) How do co-ops obtain such insurance? 3) Approximately how much should the insurance…

I have been reading the forum on this subject and it’s not easy to make a decision. Obviously there are companies like Chubb that everybody raves about, but they are very costly. Please give any experience on these 2 agencies as their insurance rates are similar. Brownstone now underwrites Everest Insurance Co. (A+ rated) and…

I’m about to purchase a 3-unit townhouse and just started looking into insurance needs. I was looking at umbrella policies and saw offerings of commercial umbrella coverage. Is this different from a personal umbrella policy? I will be living in one of the units, and I want to make sure I am properly covered. In…

I’m looking into homeowner’s insurance for a landmarked brooklyn brownstone. Very interested too hear current feedback on Brownstone Agency. Anybody have any experience with claims, etc? What is a good replacement price per sq. ft. for replacement cost considering landmark issues? I hear about people insuring a wide range from well below market value to…