Owner- and tenant-occupied properties – NYC
Zurich’s New York Brick & Brownstone program offers insurance coverage to qualified properties that are located in the New York City boroughs of Manhattan, Brooklyn, and Queens.
Appetite:
- Brownstones, condos, co-ops, row housing and apartment buildings
- 1-30 units
- Residential properties, including mixed-use properties with at least 50% residential
- Joisted masonry or better
Ineligible risks:
- Homeless shelters
- Emergency shelters
- Mental health facilities
- Single-room occupancy
- Artist lofts
- Fraternity, sorority, student, senior housing
- Short-term rentals
Geography:
- New York City boroughs of Manhattan, Brooklyn and Queens
Submission requirements:
- NYBB Application
- Underwriter review
Coverages offered:
- Commercial Package
- Commercial Property
- Commercial General Liability
- Equipment Breakdown
- Ordinance or Law
- Earthquake
- Flood
- Backup of Sewer and Drains
- Business Income (including rental value with extra expense)
- Replacement Cost
- Employee Theft
- Non-Owned and Hired Auto
- Personal lines for 2-4 owner-occupied: Liability, Personal Property (including fine art, musical instruments, antiques, jewelry)
Coverage limits:
- Deductible options from $1,000 to $10,000
- TIV up to million
- General Liability
- $1 million per occurrence
- $2 million aggregate on bodily injury, property damage, personal or advertising injury
- Medical payments $5,000/person and $25,000/accident
- Personal Liability (when applicable) $1 million per occurrence
Admitted or non-admitted:
- Admitted
Additional program highlights:
- Terrorism included
- Hired and non-owned Auto Liability optional
- Personal Inland Marine available for fine arts, furs, jewelry, silver, bicycles, antiques, musical instruments, cameras
- Personal Liability
