# Rising Insurance Costs and Budget Solutions for NYC Co-ops and Condos

Page: 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
Text version: 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
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: 2025-02-17T18:00:00+00:00
Episode link: https://www.buzzsprout.com/2254097/episodes/16665614-rising-insurance-costs-and-budget-solutions-for-nyc-co-ops-and-condos.mp3
Audio file: https://www.buzzsprout.com/2254097/episodes/16665614-rising-insurance-costs-and-budget-solutions-for-nyc-co-ops-and-condos.mp3
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Duration seconds: 664

## Resource

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...

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## Transcript

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