Skip to main content
Fulltext search
FILTER RESULTS BY:
RECOMMENDED IN RENT
Moving to NYC after college? Here's how to find a rental apartment
RECOMMENDED IN BUY
How buying real estate in NYC is unlike anywhere else
RECOMMENDED IN SELL
A guide to using a no-fee renovation loan from a NYC real estate firm
RECOMMENDED IN IMPROVE
How to make your NYC renovation more pet-friendly
BEST REAL ESTATE WEBSITE!
National Association of Real Estate Editors
BEST REAL ESTATE WEBSITE! National Association of Real Estate Editors
Brick Underground
Social Links
follow:
  • Facebook
  • Twitter
  • Instagram
  • Flipboard
  • search
Brick Underground
☰ Brick Underground
Brick Underground
Brick Underground
☰
Brick Underground
  • Buy
    • Buy
    • The Market
    • Investing
    • New Construction + Condos
    • Affordable Housing
    • Co-ops
    • Negotiating + Financing
    • How to Buy in NYC Guide
    elevated street view at sunset in Chelsea quarter – Manhattan, New York
    Co-ops
    Cheap trick: How much you can save when buying an older property in NYC
    Lower Manhattan seen from the Brooklyn Bridge
    Buy
    Did you win a bidding war? The ‘winner’s curse’ means you likely overpaid
    139 East 23rd St. #8, a floor-through two-bedroom boutique condo in Kips Bay
    New Construction + Condos
    What you need to know about buying a NYC apartment with direct elevator access
  • Rent
    • Rent
    • Affordable Housing
    • Roommates + Landlords
    • The Market
    • The Search
    • How to Rent in NYC Guide
    Paul Passavant and Matthew Conley with their pup, Sting Rae.
    Rent
    From Bushwick to Inwood: We were over the neighborhood party scene and wanted to be close to nature
    roommates in NYC apartment
    Roommates + Landlords
    11 best websites for finding your ideal roommate in NYC
    empty nesters in modern kitchen
    Rent
    Empty nester checklist: What to consider if you are buying or renting in NYC
  • Sell
    • Sell
    • Staging + Open Houses
    • Negotiations + Closings
    • Getting Ready
    • How to Sell in NYC Guide
    Aerial view of downtown Brooklyn
    Sell
    Median sales price in Brooklyn climbs to $995,000 in the second quarter
    Downtown New York City
    Sell
    Manhattan deals rose to highest level in nearly two years, defying national trends
    Modern residential buildings in Chelsea, Manhattan
    Negotiations + Closings
    What is a post-closing possession agreement and what are the risks for buyers and sellers?
  • Live
    • Live
    • Neighbors
    • Kids + Pets
    • Neighborhood Intel
    • Products + Test-drives
    • Troubleshooting
    FlatRate moving brick underground
    Live
    How to troubleshoot your move in advance
    Sponsored By flatrate
    hidden camera brick underground
    Troubleshooting
    How to find a hidden camera planted by your landlord, Airbnb host, or another creep
    Roommates seated on a couch having an argument
    Live
    How to kick a roommate out of your NYC apartment
  • Improve
    • Improve
    • Small Spaces
    • Small Projects + DIY
    • Renovations
    • Design + Architecture
    • Products + Services
    • How to Renovate in NYC Guide
    insurance adjuster inspecting mold
    Products + Services
    How to tell if your apartment has mold—and how to get rid of it
    Woman on the phone to a plumber about a leaking sink
    Small Projects + DIY
    Here's what I learned to get our absentee landlord to fix things fast
    Apartment buildings in Lower Manhattan
    Renovation
    What repairs are co-op and condo owners responsible for, and what do buildings take care of?
  • Boards & Buildings
    • Boards & Buildings
    • Boards
    • Finance
    • Insurance
    • Legal
    • Property Management
    • Structure & Systems
    • Sustainability
    Burned and Boarded Up Windows
    When should your board hire a public adjuster?
    Manhattan GM
    What should we consider when renewing insurance for our building?
    Facade of NYC buildings
    How much is insurance on a NYC co-op or condo building?
  • Advertise
    • Advertise with us
    • Sponsored Content
    • Experts
    FlatRate moving brick underground
    Live
    How to troubleshoot your move in advance
    Sponsored By flatrate
    14th Street in Chelsea, Manhattan
    Roommates + Landlords
    Ask Altagracia: My landlord denies offering a rent reduction during a renovation. Can I still pay a lower rent?
    Sponsored By Outerbridge Law P.C.
    Big Apple Moving stackable eco-friendly bins
    Products + Test-drives
    Do I have to use cardboard boxes when moving in NYC? Are there any green alternatives?
    Sponsored By Big Apple Moving
  • Brick Report
  • About Us
  • About Us
Email Address
Fulltext search
FILTER RESULTS BY:
New Main menu
  • Buy
    • Buy
    • The Market
    • Investing
    • New Construction + Condos
    • Affordable Housing
    • Co-ops
    • Negotiating + Financing
    • How to Buy in NYC Guide
  • Rent
    • Rent
    • Affordable Housing
    • Roommates + Landlords
    • The Market
    • The Search
    • How to Rent in NYC Guide
  • Sell
    • Sell
    • Staging + Open Houses
    • Negotiations + Closings
    • Getting Ready
    • How to Sell in NYC Guide
  • Live
    • Live
    • Neighbors
    • Kids + Pets
    • Neighborhood Intel
    • Products + Test-drives
    • Troubleshooting
  • Improve
    • Improve
    • Small Spaces
    • Small Projects + DIY
    • Renovations
    • Design + Architecture
    • Products + Services
    • How to Renovate in NYC Guide
  • Boards & Buildings
    • Boards & Buildings
    • Boards
    • Finance
    • Insurance
    • Legal
    • Property Management
    • Structure & Systems
    • Sustainability
  • Advertise
    • Advertise with us
    • Sponsored Content
    • Experts
  • Brick Report
  • About Us
    • About Us
    • Advertise
  • About Us
SUBSCRIBE TO OUR NEWSLETTER →
Social Links Footer
  • Facebook
  • Twitter
  • Instagram
  • Search
Improve [ SPONSORED ]

5 renovation fiascos your insurance will pay for

By Gotham Brokerage  | May 28, 2014 - 9:59AM
image
SHARE:
Share to Facebook
Share to Twitter
Print
More...

It’s not unusual for an apartment renovation to inflict collateral damage on your own apartment, your neighbors’, and even your building.  And while your contractor and their insurance are legally responsible, that only helps if--and that's a big IF--you can find them and prove they are negligent.

"We have found that some general contractors have shell corporations, and years or just months after an incident, they cannot be found or have no assets," says apartment insurance broker Jeff Schneider of Gotham Brokerage. "Moreover, proving their negligence can be difficult and involves hiring an attorney. Even dealing with their insurance company can be difficult if the contractor will not cooperate."

Bottom line: You’ll get paid a lot faster and suffer less stress if you file a claim with your own insurance company and let them take it up with your contractor’s insurance company.

Here’s a sampling of what can go wrong—and what your insurance will cover:

1. Construction debris gets flushed down the toilet, which then overflows into your neighbor’s apartment  “We get claims for this several times a year,” says Schneider. “Damage can be in the tens of thousands of dollars—to your wood floors, to your neighbors’ and their belongings.  If you can prove your contractor did it, great—but often you can’t.”

2. Uninsulated pipes that freeze and break during the winter “Sometimes contractors will run an uninsulated pipe in the exterior wall of an apartment to hook up a relocated air conditioning unit or to run a connection to a washing machine or dishwasher,” says Schneider.  “It’s usually not an issue, but in really cold winter like the one we just had, pipes can break and damage your walls and floors and your neighbor's apartment below. This is a great example of something that might take years to surface, long after your contractor is out of the picture.”

3. The wrong hoses are used in the washing-machine—or improperly installed with the dishwasher—causing a flood “Sometimes contractors use plastic hoses instead of the rubber-and-metal ones. The plastic ones always break eventually,” says Schneider.  “With dishwashers, we have seen loose connections come apart and water either leaking or gushing out."

4. Vibrations from hammering and other work creates a spider web of cracks on your neighbor’s custom-painted walls and ceiling—or actually breaks something "With a custom painting job or damage to high-end wallpaper, the losses can be substantial," says Schneider. "Photos are sometimes taken prior to work to establish a baseline."

5.  Random acts of spectacular stupidity  “We had a situation where the contractor attached a heavy mirror to a bathroom wall with epoxy glue,” recalls Schneider. “The epoxy held, but the paint broke. The mirror fell, knocked off the sink below, and resulted in a major, six-figure water damage claim. We also had a contractor install heavy marble slabs with weak glue on a kitchen island.  A piece came loose and crushed a child's hand."

To protect yourself in situations like these, be sure to let your insurance company know ahead of time that you plan to renovate.  

“They want to make sure the right precautions are being taken, such as having a fire extinguisher on the premises, and that your contractor has the proper insurance,” says Schneider.

If you don’t notify your insurance company, and you’re planning to move out for a long period of time during the renovation, your insurance could actually be voided.  Other companies will raise your deductible significantly if a claim results from a substantial renovation project that equals or exceeds 10 percent of your apartment’s value.


Jeff Schneider is the president of Gotham Brokerage Co., Inc., an insurance brokerage that has been serving NYC renters, co-op and condo owners for over 45 years. For a free quote, click on over to Gotham Brokerage or give them a call at 212-406-7300.

More from Gotham Brokerage:

4 insider tips for big savings on your apartment insurance

Apartment insurance coverage for mold? Here's what you need to know

The top 3 apartment insurance claims in NYC

How to file a claim on your apartment insurance--the right way

There's an apartment INSURANCE blacklist too. Here's how to stay off of it.

The ultimate co-op and condo insurance checklist

10 questions to ask before buying co-op or condo insurance

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.

topics:

insurance
SHARE
TWEET
BRICK’S PICKS
empty nesters in modern kitchen
Empty nester checklist: What to consider if you are buying or renting in NYC
NYC apartment building with AC units
My neighbor's dripping AC is driving me crazy. What can I do?
Historic brick facades of NYC apartment buildings
Getting overcharged by a landlord? Here’s how the Tenant Protection Unit helps rent-stabilized tenants
Apartment buildings in Soho
New Rent Guidelines Board report justifies a rent freeze, tenant advocates claim
Brooklyn apartment buildings
Understanding net effective rent: Here's how to calculate your real monthly rent
image
How much should you renovate your NYC apartment or house before selling?
Follow Brick on Instagram
@brickunderground | #brickunderground
Brick UndergroundBRICK UNDERGROUNDREAL LIFE. REAL ESTATE. REAL NEW YORK.
Social Links Footer
  • Facebook
  • Twitter
  • Instagram
  • Search
Main menu footer
  • Buy
    • The Market
    • Investing
    • New Construction + Condos
    • Affordable Housing
    • Co-ops
    • Negotiating + Financing
    • How to Buy in NYC Guide
  • Rent
    • Affordable Housing
    • Roommates + Landlords
    • The Market
    • The Search
    • How to Rent in NYC Guide
  • Sell
    • Staging + Open Houses
    • Negotiations + Closings
    • Getting Ready
    • How to Sell in NYC Guide
  • Live
    • Neighbors
    • Kids + Pets
    • Neighborhood Intel
    • Products + Test-drives
    • Troubleshooting
  • Improve
    • Small Spaces
    • Small Projects + DIY
    • Renovations
    • Design + Architecture
    • Products + Services
    • How to Renovate in NYC Guide

Get more news you can actually use...

Email Address

Delivered to your inbox weekly - for free.

*By signing up you agree to receive occasional emails on behalf of our sponsors

Footer Menu
  • About Us
  • Advertise

Copyright 2009-2024 by BND Ventures Inc | Privacy Policy | Terms of Service | Ad Choices | Login