Archive for Building Insurance News

Four Categories of Real Estate Insurance

Four Categories of Real Estate InsuranceReal estate insurance is a topic that is vital to any successful real estate investment, yet it’s a topic that many property owners often overlook until it’s too late. In the event of a loss, whether it’s a partial or a complete loss, if your property isn’t insured properly, your business could be financially devastated. Making certain that you have the right type and sufficient amount of insurance allows you to protect against potential losses. Part of making sure that you have the right insurance is understanding the various categories of real estate insurance.

Flood Insurance Property

This type of insurance is typically only necessary if your property is located Read more


Wouldn’t it be great if insurance inspections wouldn’t result in costly recommendations with a lot of work and tight deadlines?

What if you can eliminate the inspection all together?

Evergreen has launched a Master Investors Policy (MIP) program and made it available to the average real estate investor. With this program you will benefit some great features, like:

  • No physical property inspections!! (This means no costly recommendations ever!)
  • Add and remove locations instantly online, same day.
  • You will only be billed for the amount of days you hold on to a property.
  • No early cancellation penalties.
  • The MIP program allows all types of occupancies on the same policy. Vacant, Renovations, Fully Occupied, Commercial (even bars), Residential, Mixed Use, etc.
  • No surcharge for renovations!


If you own, rehab or flip multiple buildings a year and want peace of mind, then this MIP program is for you!

For more information on the MIP program or for a free quote call us today at:

or email us at
one of our licensed agents will get back to you within 4 hours!

Could Drones Help to Expedite Your Claims Process in the Future?

Could Drones Help to Expedite Your Claims Process in the Future?

If you’ve ever had to file an insurance claim, you should be fairly familiar with the process. An insurance adjuster will come to visit and assess the damage. In just a few years, however, it could be possible that an adjuster may not even need to pay a visit to your property. Instead, a drone could simply – and swiftly – be deployed to evaluate the damage. Furthermore, that drone could be flying over your property within just a few hours of the incident occurring. Read more

Insurers Crack Down On Buildings With Housing Violations

HPD violationsOwners of thousands of pre-war rental buildings in New York City with many Housing Preservation and Development (HPD) violations are seeing a sharp spike in insurance premiums and in many cases being declined for renewals and new policies, according to Izzy Green, co-founder and president of Evergreen Insurance and Risk Management which specializes in commercial real estate. Green suspects that a few insurers decided to crack down and now much of the industry is following them

When faced with a premium increase or policy decline, landlords will often hire third party specialists to help them remove the violations and get off the insurer’s blacklist, Green said.  Evergreen recently helped the owner of seven apartment buildings. “We got the violations removed and brought in another insurer who lowered the premium by $20,000”, Green said.

Evergreen recently had a commercial mortgage broker reach out to them with regard to a client that was in contract to buy a portfolio of twelve buildings in Brooklyn and Bronx. The buyer was not able to get insurance on the buildings because they had numerous HPD violations. “So far, the closing was put on hold until we find a way around this problem” the mortgage broker said.

Joel Kivelevitz, an Insurance Broker at Evergreen, shared the following story: “A loyal customer called me the other day. He had a portfolio of nine large NYC apartment buildings insured through another broker, and the customer asked me if it was normal for a carrier to significantly raise the premium on renewal due to old HPD violations – that have already been addressed but never went through the process of having them removed from the NYC Department of Buildings database? We advised the customer that if we were the agent on this account we would not let this happen to him.

With Evergreen’s vast knowledge of HPD violations and the close relationship we have with our underwriters, we worked hard to assure the carrier that the majority of the violations have been addressed and merely need the remaining paperwork to have the records removed. In addition we showed how this building owner does an outstanding job in managing all the upkeep of his buildings.

We bound a new policy with a company that offered the same coverage terms as their prior policy with a well over a 20% savings! All this was done in a mere 10 days before the renewal. This was only possible due to the teamwork, organization and structure of Evergreen Insurance Agency.”

Countless times insurance companies turn away buildings with excessive HPD violations. Since Evergreen Insurance is the expert in real-estate insurance, Evergreen knows of many sites and databases that are the most up to date to show the most accurate updates on violations that have already been addressed. We use these tools to convince the underwriters to reconsider such an account. However, “the main factor is that we’ve built an outstanding trust with our underwriters as well as with our loyal customers”, said Green.

In one of the above mentioned stories Evergreen recommended JACK JAFFA & ASSOCIATES to help their client remove the violations and they did an outstanding job.

Jack Jaffa & Associates
147 Prince Street
Brooklyn, NY 11201
(718) 855-6110


About Evergreen Insurance

Headquartered in Monsey, N.Y., Evergreen Insurance & Risk Management is the only agency specializing exclusively in commercial real estate insurance. Evergreen offers insurance for landlords, buildings, condo associations, shopping malls, forced place and vacant buildings. The agency prides itself in its speed and problem-solving abilities and maintains strong relationships with underwriters at all of the major real estate insurance carriers.

Major Changes To Commercial Property Insurance Policies

iso-logoISO (“Insurance Services Office – development of standardized insurance policy language” Wikipedia) has a new commercial property filing.  The 2012 filing changes both policy forms and endorsements.  The forms have an edition date of October 2012.  Since the changes include both broadening and reduction of coverage, every commercial building owner and landlord should be aware of the changes to his insurance coverage. 

In the Commercial Property program, there are 16 major policy form changes, and 27 endorsement changes (including new and revised endorsements). The Insurance Services Office (ISO) filed the Commercial Property revisions for a target adoption date countrywide of April 1, 2013. Many states have already approved the filing. Regardless of the adoption date for each state, the forms will have an edition date of “10 12.” [Example: CP 00 10 10 12]

We will only list a few of the main changes that we feel are important for building owners and landlords. Feel free to download a complete list of all the changes at the end of this article. Read more

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Evergreen Insurance & Risk Management
25 Robert Pitt Drive #200-F
Monsey, NY 10952