"Traditional insurers often set inflated replacement values - sometimes as high as $2,500 per square foot. This artificial inflation affects every other aspect of your policy. At Brownstone Agency, they work directly with underwriters to establish agreed-upon building values that reflect real-world costs. Flexible Personal Property Coverage Here's a common scenario: If your building is valued at $5 million, standard insurers might require you to carry $2 to 2.5 million in personal property coverage."
"Custom Coverage Options Their build-your-own approach means: Freedom to remove unnecessary coverage Ability to make mid-policy changes without penalties Coverage based on actual risks, not preset packages Pricing that reflects your building's specific situation Three-Year Rate Lock This is the big difference: While other insurers increase rates annually (sometimes by 20 percent or more), Brownstone Agency offers a three-year prepaid plan that locks in your rate until 2027. This means predictable costs in an unpredictable market."
Brownstone Agency sets agreed-upon building values with underwriters to reflect real-world replacement costs rather than inflated one-size-fits-all figures. The agency allows owners to adjust personal property coverage based on actual needs instead of arbitrary formulas. Coverage is modular, enabling removal of unnecessary options and mid-policy changes without penalties. Pricing aligns with a building’s specific situation and risks. A three-year prepaid plan locks rates through 2027, providing predictable costs. Local underwriters leverage 52 years of Brooklyn property experience to shape plans around each building’s needs rather than generic packages.
Read at Brownstoner
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