# Inside a Co-op's Insurance Nightmare and Remarkable Recovery

Page: https://stenobird.com/podcast/how-to-run-your-building-for-co-ops-and-condos-6711300/inside-a-co-op-s-insurance-nightmare-and-remarkable-recovery
Text version: https://stenobird.com/podcast/how-to-run-your-building-for-co-ops-and-condos-6711300/inside-a-co-op-s-insurance-nightmare-and-remarkable-recovery.md
Podcast: [How To Run Your Building! For Co-ops and Condos](https://stenobird.com/podcast/how-to-run-your-building-for-co-ops-and-condos-6711300)
Published: 2025-05-12T17:00:00+00:00
Episode link: https://www.buzzsprout.com/2254097/episodes/17176440-inside-a-co-op-s-insurance-nightmare-and-remarkable-recovery.mp3
Audio file: https://www.buzzsprout.com/2254097/episodes/17176440-inside-a-co-op-s-insurance-nightmare-and-remarkable-recovery.mp3
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Duration seconds: 718

## Resource

If your building was suddenly hit with a 400% insurance premium hike, who do you turn to? That was the question facing a Queens co-op after a devastating fire. Vik Shingwani, a property manager at First Management Corporation, reveals how strategic management helped reduce their renewal from $750,000 to $510,000 — still high, but a significant improvement. Shingwani offers practical insights on navigating catastrophic claims, managing affected residents, and implementing preventive measures t...

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## Transcript

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