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Problem Solved! For Co-ops and Condos
From building repairs and maintenance, energy upgrades, insurance, lobby redesigns, accounting and financing - the challenges facing co-op and condominium board directors are endless. In this series, Habitat Magazine editors interview New York City experts to learn how problems have been solved at their client co-op and condo buildings. We take a deep dive into the issues being confronted, the possibilities for solutions, the costs, the challenges, and the outcomes. Habitat Magazine, founded in 1982, is the trusted resource for New York City co-ops and condo board directors. Visit us at www.habitatmag.com
Problem Solved! For Co-ops and Condos
Why Your Insurance Premium Just Tripled — and What To Do
Insurance carriers are abandoning New York buildings at an alarming rate, and your co-op or condo could be next. Jason Schiciano, co-president of Levitt-Fuirst Insurance and Bonding, reveals how a 108-unit cooperative saw their premium nearly triple after being non-renewed by their carrier. Learn why insurance companies are walking away from New York buildings and discover the red flags that could put your building at risk. Schiciano shares practical strategies to protect your building's insurability, and reveals why addressing maintenance issues now could save your board from a financial crisis later. Habitat's Carol Ott conducts the interview.
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