Episode
Rising Insurance Costs and Budget Solutions for NYC Co-ops and Condos
- Published
- Feb 17, 2025
- Duration seconds
- 664
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/how-to-run-your-building-for-co-ops-and-condos-6711300/episodes/rising-insurance-costs-and-budget-solutions-for-nyc-co-ops-and-condos/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/how-to-run-your-building-for-co-ops-and-condos-6711300/rising-insurance-costs-and-budget-solutions-for-nyc-co-ops-and-condos.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
Carol Ott of Habitat Magazine interviews Carl Borenstein, president of Veritas Management, about managing rising costs in co-op and condo buildings. Borenstein shares strategies for handling double-digit maintenance increases, particularly focusing on creative uses of co-op abatement programs to generate additional income. He discusses the dramatic rise in insurance costs, especially umbrella policies, and advises boards on choosing appropriate coverage levels. Borenstein recommends implement...