Author: brooklyncovered1

An independent insurance agent and broker, and income tax preparer who combines over 37 years in financial services with experience as a bank mortgage administrator and Community Relations Manager.

Save Money on Homeowners Insurance|Brooklyn Covered

The most important part of purchasing homeowners insurance is not the price of the policy, it’s the replacement / reconstruction cost estimate. This becomes your policys Coverage A or Dwelling Coverage amount. Without the proper Dwelling Coverage, you put yourself in the position of having to self-fund part of the reconstruction cost of a damaged home at 140% on the dollar. Why 140%?…

How Do I Save Money On My Homeowners Insurance Policy?

A homeowners insurance policy is just worthless sheets of paper unless it gives you the dollars and coverages you’ll need to rebuild your home and your life when a covered loss occurs. 

What’s Most Important When Buying Homeowners Insurance?

The most important part of purchasing homeowners insurance is not the policy premium. What matters most is determining the replacement, or reconstruction cost estimate. This becomes your policys Coverage A or Dwelling Coverage amount. This is the amount of coverage your policy will generate for covered causes of loss.

 Without the proper Coverage A – Dwelling Coverage, you put yourself in the position of having to self-fund part of the reconstruction cost of a damaged home at 140% on the dollar. Why 140%? Well you have to pay taxes on your  gross income before you realize the net income. Also, all the other coverages in Section I of the Homeowners policy represent a percentage of the Coverage A – Dwelling Coverage amount. So a competent replacement estimate is the essential component necessary for building a sound Homeowners Insurance policy.

So, Any Insurance Broker Or Agent Will Do?

No, you should seek to work with an insurance professional who will invest the time necessary for gathering information about you and either your future or existing home. This is key. I have clients who chose me because after talking to me during the initial phone call, they had to go back and find out more information about their home than they thought necessary. Information, in many cases, other so-called professionals either didn’t take the time to ask, or simply didn’t care.  In most cases, you’ll prefer working with a “Mr. Nosey” than someone who simply wants to know what you paid for the house, or how much coverage you now carry. Another way to find a trusted insurance representative is by contacting local housing organizations. They work with many homeowners and are good sources of information and referrals for all the professionals you’ll need as a homeowner. 

Once the information is gathered, a true insurance professional will use either a computer or paper-based system to determine your future or existing homes replacement cost. The  brick for brick, nail for nail, pipe for pipe, wire for wire, and board for board amount necessary to put your home back together again. Then you’ll truly have a sense of how much insurance is really necessary to properly cover your home.

Here’s a small sample of the types of information you should be prepared to provide your insurance representative:

  • The square footage measured using the outside walls.
  • The types of flooring materials used in the house and the percentage of each.
  • Whether the walls are plaster, drywall, or some other material and the percentage of each.
  • The number of kitchens and bathrooms, and whether they are builders grade, or have some form of customization.
  • What kind of roofing material you use.
  • What type of heating system you use.
  • Maintenance and upgrade information about your roof, plumbing, heating, and electrical systems. A good insurance representative will want to know maintenance or upgrade dates, and whether a licensed professional performed the work. (Note: few, if any insurance companies will insure any home which doesn’t have circuit breakers. Fuses will result in the automatic non-renewal or rejection of your policy.)
  • Whether you have any pets, especially any of the no-no breeds, (Dobermans, Akitas, Pit Bulls and Wolf Hybrids to name just a few). Also, if any of your pets have a bite history, even that lovable little Yorkie which loves to nip strangers, you might want to seek out a company which is more forgiving about that type of risk exposure.

When It Comes To The Basic Coverages, Are Any Companies Really Cheaper? 

When you compare most Homeowners Insurance policies using an apples-to-apples comparison, (Same dwelling amount, same policy form, same state), you’ll find most companies homeowners insurance premiums for policies with the same coverages are usually within $50.00 to $100.00 of each other. So here are a few tips to really impact the premium amount you’ll pay for your Homeowners Insurance coverage:

  • An excellent credit score and history. If you have repossessions, collection items, judgements, late payments, and bankruptcies in the last five (5) years of your credit history, you will pay more for insurance. In extreme cases, you may even be denied. For example, I recently insured two (2) homes in Brooklyn. Both were in the same neighborhood, of similar construction, and had the same replacement cost. One familys premium was $1650.00, while the other familys premium was $2550.00. The difference? The first family owned a credit score you’d kill for. The second family owned a credit score which was killing them.
     
  •  Many companies will give you a first-year credit of 10-14% if you are a first-time homebuyer. Great, right? Just one thing: This credit decreases over a period averaging 10 years. Still, a great way to save money when you first purchase your home.
     
  • Along with number 2, purchasing a brand-new home  generates an additional discount.
  •  Installing a central-station monitored burglar and/or fire alarm system in your home will qualify you for policy discounts of 10-15% with most companies. Keep in mind insurance companies will not give you credit for the system without the proof of installation letter from the alarm company.
     
  • If an alarm system is not financially feasible, buy fire extinguishers. Along with the installation of deadbolt locks, you can realize a premium discount of 5%.
     
  • You should consider bundling your auto insurance with your home insurer. Some companies give up to a total of 30% in discounts, and this will be a nice piece of the savings “pie.” And, you also qualify for a similar discount on your auto insurance.
     
  • For more protection, you should considering purchasing a Personal Umbrella Liability policy. This policy provides added liability coverage starting in increments of $1,000,000.00. This generates more discounts and provides an extra layer of protection against third-party claims, whether or not they’re justified.
     
  • Choose a higher deductible. You’ll save about $200.00 annually by choosing a $1,000.00 deductible over a $500.00 deductible. If you bank the savings each year in what I call your “Deductible Account,” you’ll have your deductible in five (5), and have earned interest in the interim. Remember, “The higher the deductible, the lower the premium.”
     
  • Last but not least, consider your home’s construction. Brick homes usually cost less to insure than brick. Why? Remember, bricks get damaged, but wood burns.

So, What’s My Next Step?

Want more information, or your own up-to-date replacement / reconstruction cost estimate of your home? Well,  just drop me an email to [email protected]  or [email protected] . Please include your name and a daytime contact telephone number. Or go to my website, https://insuremeeg.com and download a copy of my Property Insurance Worksheet.

Thanks for reading, and please, tell a friend.

Wind vs. Water: Like Floods, A Debate Rages|Brooklyn Covered

You are literally better off having the 80-foot tree in your front yard fall into and cause part of the front wall of your home to collapse. Then, as the rainwater pours into and further destroys your home, you can rest easy in the knowledge it is a covered loss. Why? Because the covered cause of loss (the falling tree), preceded the additional loss from an outside source of water. If, however, a flood surged through your neighborhood and ripped the front wall away from your home first, you wouldn’t be covered, unless you owned a flood insurance policy with adequate coverage.

 

Wind vs. Water Equals Hurricanes vs. Floods

 

By my estimation, at least 50% of the losses faced by those who lost property in Hurricane Irene’s aftermath are not insured. Why? The losses they faced are directly attributable to flooding, not the hurricane-force winds. And many people in the Northeast don’t own a flood insurance policy.

Former Hurricane and Tropical Storm Lee will bring similar financial pain to Louisiana, Mississippi, Alabama and other Southern states. For insurance purposes, the damage suffered by most will be considered  caused by water, not wind, and thus not insurable.

The wind vs. water rages on.

 

What’s The Difference?

 

Most people will ask, “What’s the difference?” or “I have a homeowners policy and I suffered a loss to my home, so this should also be covered.” Unfortunately, damage by flood is not covered by your typical homeowners insurance policy.

Many communities in New York, Pennsylvania, Vermont, and New Jersey are monitoring the rivers, streams and levees with trepidation. Many home and property owners will face the double whammy of losing everything, and not having the means to rebuild.

Insurance Policies Make Good Reading. Seriously.

Most people don’t really read their homeowner or auto insurance policies until they suffer a loss, whether the loss is insured or not. Take a moment, find your homeowners policy, and give it a good read. While most people feel they know what’s covered under their policy, they really don’t.

You are literally better off having the 80-foot tree in your front yard fall into and cause part of the front wall of your home to collapse. Then, as the rainwater pours into and further destroys your home, you can rest easy in the knowledge it is a covered loss. Why? Because the covered cause of loss (the falling tree), preceded the additional loss from an outside source of  water. If, however, a flood surged through your neighborhood and ripped the front wall away from your home first, you wouldn’t be covered, unless you owned a flood insurance policy with adequate coverage.

Your homeowners policy specifically excludes coverage when damage to your home results from a source of water from outside your home.  This is why every homeowner should own a flood insurance policy, with limits equal to at least 80% of the homes Replacement Cost Value. (I’ll be discussing just what Replacement Cost Value is in a future post.) Renters, and co-op and condominium owners whose units are below the third floor in an apartment building should also own a flood policy, as well as those who rent or own townhouses.

So, before the next hurricane comes a-calling, this is a great time to purchase flood insurance equal to at least 80% of your homes Replacement Cost Value. Also, arrange an annual homeowners insurance policy annual review with  your insurance representative to guarantee you own, at minimum, 100% of the Replacement Cost Value of your home in your Homeowners Insurance policy.

Hurricane Irene Was No Bo Derek|BrooklynCovered

When a storm forms off the west coast of Africa, it begins life as a Tropical Cyclone. Once the Tropical Cyclone reaches sustained winds of 39 mph, it becomes a Tropical Storm, and remains so until the sustained winds exceed 74 mph.

Once the sustained wind reach 74 mph, we now have a Hurricane. These are categorized according to what is known as the Saffir-Simpson Wind Scale which measures wind velocity and based on this measurement, places a hurricane in one of five Categories.

If Hurricane Irene Was A “10”…

Remember the 1979 movie “10” starring Dudley Moore and Bo Derek? In this movie, Moore’s portrays a man stupefied by a woman whom he considers the most beautiful creature on the face of the earth. A woman he considers a perfect “10.” Well, Hurricane Irene was no “10.” 

Affected property owners who wondered if and how much their homeowners insurance would pay for wind damage should thank their lucky stars Hurricane Irene was either just a Category 1 or a Tropical Storm.

Isn’t A Higher Number Better?

Only if you think a Class A felony is better than a Class E. The Class E felony actually carries a lot less jail time than a Class A.

Cyclones work much the same way, where you’re punished for getting a higher grade.

What Are Hurricanes, And How Do We Measure Them?

When a storm forms off the west coast of Africa, it begins life as a Tropical Cyclone. Once the Tropical Cyclone reaches sustained winds of 39 mph, it becomes a Tropical Storm, and remains so until the sustained winds exceed 74 mph.

Once the sustained winds reach 74 mph, we now have a Hurricane. Hurricanes are categorized according to what is known as the Saffir-Simpson Wind Scale. The Saffir-Simpson scale measures wind velocity and based on this measurement, places a hurricane in one of five Categories:

  • Category 1 has wind speeds ranging from 74-95 mph. It’s damage potential is minimal. Hurricane Dolly in 2008 was a Category 1.
  • Category 2 has wind speeds ranging from 96-110 mph. Its damage potential is extensive. Hurricane Frances in 2004 was such a storm.
  • Category 3 has wind speeds ranging from 111-130 mph. It’s damage potential is devastating. Also in 2004, we had Hurricane Ivan.
  • Category 4 has wind speeds ranging from 131-155 mph. It’s damage potential is extreme. Hurricane Charley, another 2004 hurricane, wreaked havoc in Punta Gorda, Florida.

The year 2004 was a hot mess, wasn’t it?

  • And finally we have Category 5, which has a catastrophic damage potential. It’s wind speeds? Anything over 156 mph. I’ll never forget Hurricane Andrew in 1992, and neither will anyone else who lived in Miami-Dade County then. Andrew’s devastation was so great, building codes in Florida, like many of the houses, were strengthened.

How Does This Affect What My Homeowners Policy Will Pay?

Your homeowners policy contains two (2) deductibles for windstorm-related damage. Any  damage caused by either a Tropical Cyclone or a Category 1 hurricane will have a deductible equal to the higher of your all-perils deductible or $1,000. So, if your all-perils deductible is $500.00, you’ll pay $1,000.00. If however your all-perils is $2,500 or higher, that’s the deductible

Should the damage be caused by a Category 2 or higher hurricane, you’ll pay a deductible equal to anywhere from two (2) to five (5) percent of your Coverage A, or Dwelling Coverage. So, if your Coverage A amount is $500,000, and you have a 5% windstorm deductible for Category 2 or higher hurricanes, your deductible, or the part you’ve contractually agreed to pay for this loss, will be $25,000.00.

Yes, I’m serious. $25,000.00. Now you see why so many people become angry with their particular insurance company after a Category 2 or higher windstorm. They, like many homeowners, didn’t know how their policy covered different causes of loss. It really pays to read your policy and ask questions of your agent or broker if there is something you’re not quite sure of. Better safe than sorry, or, better covered than uncovered.

What Coverages Are Affected By Windstorm Deductibles?

The following Section I coverages of your policy: Coverage A (Dwelling); Coverage B (Other Structures); and Coverage C (Personal Property). Check your policy as different companies apply these deductibles to other policy coverages differently.

What Are Coastal Counties?

No matter where your property is located, should both Category 1 and Category 2 hurricane force winds exist during the same hurricane deductible period anywhere in any coastal county, the deductible for a Category 2 or higher hurricane will be in effect.

In New York State, the coastal counties are the Bronx, Kings (Brooklyn), Queens, New York, Richmond, Nassau, Suffolk, and Westchester. So a Category 2 in any of the coastal counties means you’d better have significant dollars in the bank to handle your deductible.

So again, let’s be thankful Hurricane Irene, in New York State at least, was just a Category 1, and dropped down to a Tropical Storm and eventually a Tropical Cyclone. Based on the amount of wind-related damage in several states, the devastation could have been far worse.

 

 

Hurricane Irene Preparation Tips From Travelers|BrooklynCovered

Re: Hurricane Irene Preparation

As Hurricane Irene approaches our area, we wanted to make sure you and your customers were aware of the steps you can take to stay safe and our claim response plans as the storm approaches.

I, along with all the other Travelers independent agents across this great nation, received the following information about preparing for Hurricane Irene. Normally, the content you’ll find in BrooklynCovered is my own, but in situations such as this, I trust you’ll forgive me for cutting and pasting some extremely important information.

To: Travelers Agents in New York

Re: Hurricane Irene Preparation
 
As Hurricane Irene approaches our area, we wanted to make sure you and your customers were aware of the steps you can take to stay safe and our claim response plans as the storm approaches.
 
Safety for individuals
 

  • Create a disaster plan. Plan an evacuation route in advance and determine where you would go if you were told to evacuate.
  • Prepare a survival kit. Stock up on drinking water, non-perishable goods, a first-aid kit and medicine for everyone including your pet. Include extra clothing, blankets, batteries, flashlights and a portable radio.
  • Conduct a home hazard hunt and make your home as safe as possible. Secure all outdoor objects such as garbage cans and lawn furniture. Close storm shutters and board up all windows.
  • Review how to shut off utilities in an emergency with all family members.
  • Locate important papers and documents and have them ready to take with you should you need to evacuate. Protect documents in plastic storage bags if you’re remaining in your home.
  • Make sure you have insurance policies with claim contact information, an inventory of your home’s contents and cash.
  • Ask an out-of-state friend to be your family contact. After a disaster, it’s often easier to call long-distance than to make a local call.
  • Finally, leave promptly when ordered to evacuate. Leaving too late or not leaving at all only endangers yourself and others.

 
Safety for businesses
 
In addition, you and your business insurance customers should consider taking the following precautions to help protect people and property and guard against disruption of operations:
 

  • Review your business continuity plan and communicate emergency evacuation and business interruption instructions to employees. If you don’t have a written plan, now is the time to create one. Each business should have an emergency plan including a detailed procedure for evacuation, a checklist for shutting down processes and protecting buildings, contents, equipment, and yard storage. Procedures should include salvage instructions to follow post-event.
  • Back up critical data and computer records off-site so that operations can continue after a disaster. Consider keeping a backup generator and plenty of batteries on hand so your business can continue to operate after a power loss.
  • As a hurricane approaches, quick actions should to be taken to install temporary protection features including:
  • Shutter or board up windows to protect them from flying debris
  • Clean out floor drains and catch basins to ensure maximum drainage
  • Anchor structures, trailers and yard storage so they are more likely to stay put in high winds
  • Fill emergency generator and fire pump fuel tanks
  • Shut down production processes safely
  • Shut off all flammable and combustible liquid and gas lines at their source
  • Shut off electrical power at the main building disconnect before the hurricane strikes
  • Once the storm has subsided and it is safe to return, a salvage team should be assembled and repair work prioritized, assuring proper supplies are available and safety procedures followed.

    •  

    Don’t Get Caught By These Phishermen|BrooklynCovered

    Beware the “phishermen”!

    Don’t Get Caught By Phishers | BrooklynCovered

    Faxing is still a great way to “phish” for your personal information. Unsuspecting people, and not just the elderly, often fall prey to these types of identity theft attacks.

    Following are the actual examples of “phishing faxes” used by possible identity thieves. Just left-click on each one to study them in detail.

    How easy is this?

     

     
    Everybody wins!!
    They have my old office address, and even that is wrong!

    Your Last Letter to Your Loved Ones | BrooklynCovered

    Pookies tears streamed down my shoulder as we hugged at his father’s graveside. His Mom rose from her chair, came over and hugged me, saying, “Thank you for getting my man to write us that letter. I knew we had paid-up cemetery plots, but I didn’t know where. He never told me he had so much life insurance, and all of those investments.”

    The most important letter you’ve never written will cause your family the most grief and confusion when you die.

    A powerful and overwhelming sense of loss always accompanies a loved one’s death.

    Growing up, one of my best friends, one of my main men (we didn’t refer to each other as ‘son’ or with the ‘n’ word. You see, we knew you gave birth to sons, and if anyone called you the ‘n’ word, well, somebody was going to die), was a great dude named Pookie Jones. What’s his real name? I forget. Back in those days, everyone went by their nickname.

    I ran into Pookie a few years back and inquired about his family. His jubilant mood turned sad when he looked at me and said, “Mom is great. But Dad, he’s, well not so good. He’s got the Big P.”

    Prostate cancer.

    All I could say was, “Damn.”

    “Mom is really worried man. You know how it is when people have those over-50-years marriages. Guys like Dad took care of everything, while Mom was taking care of us. She really doesn’t know too much about the mortgage, or the different bills.

    “We don’t even know if Dad has a will. You know how those old men are. Either they think you’re asking because you’re waiting for them to die, or they think they’re going to live forever”

    Man, don’t I know it.

    “Yo, G, Dad always liked you, well except when he caught you and my sister kissing in the basement that time. Could you talk to him? Not for me, dude, for Mom?”

    I told Pookie if his Mom would make me one of her special, blessed by the angels sweet potato pies, I’d force the old Marine into submission. For two pies, I’d make him scream uncle. Twice.

    When I went to see his folks, the jubilation was soon tempered by Mr. Jones’ question, “So, after all of these years, my son must have brought you here for a good reason. You here for my wifes’ sweet potato pie or are you here to learn all about my business?”

    I looked him straight in the eye (just as I did when he caught us kissing in the basement. I’d read in National Geographic that to stop a tiger from charging and eating you, well, you did just that. You look them straight in the eye) and said, “Yes sir. No sir.”

    “What?”, he asked.

    “Yes sir, I am here to collect my sweet potato pie. Two of them, in fact. And no sir, I don’t want to know all about your business. I’d just like you to write your family one last letter, the most important letter you’ll ever leave for them.”

    “I don’t intend to die anytime soon, youngster. I am going to whip this damn cancer. It’s messing with my love life.”

    “And sir, if I was your cancer, I’d of already left town. If I was Saint Peter, I’d ask for vacation when I saw you coming toward the pearly gates. And I know your family doesn’t want you to die, sir.

    “Thank you for sharing that, sir. I’d just like you to leave them a letter, sir, a true love letter.”

    He fixed me with the same steely glare which made so many young men have embarrassing accidents back in the day. (It never worked on me, though. I was too naïve to be scared.)

    “All right youngster. What kind of letter would you have me write?”

    I reached into my bag and handed him a copy of  “Letter to My Loved Ones.”

    “This is the letter, sir.”

    “Looks like a lot of work, youngster.”

    “Not as much as you family would have to do without you, sir. Just in case you only live another 20 instead of 50, years, sir.”

    He flipped through the eight pages. Then, he smiled at me. Which, if you’ve ever been in the woods, staring at a Bengal tiger, is the most frightening thing in the world. No, more frightening. The tiger would’ve run home to its momma.

    “I should’ve made you marry my daughter.”

    “Sir, we were only kissing.”

    “That was enough for me. And don’t get too happy, you’re only leaving with one pie.”

    One Year Later…

    The cancer won.

    Pookies’ tears streamed down my shoulder as we hugged at his father’s graveside. His Mom rose from her chair, came over and hugged me, saying, “Thank you for getting my man to write us that letter. I knew we had paid-up cemetery plots, but I didn’t know where. He never told me he had so much life insurance, and all of those investments.

    “We’d have so much confusion now but for that letter.”

    And then she really blew me away as she handed me a copy of the letter and said, “He put a special note to you in the letter.”

    Shocked, I accepted my copy, and a huge smile appeared as I read the words:

    “Just one pie at a time, youngster. Just one pie at a time.”

    Unfortunately, chaos often ensues after the death of a loved one. Why?

    They failed to leave instructions about their estate. Leaving their loved ones, at such a critical time to try to learn the answer to questions like;

    • What did they own?
    • Where are their last three income tax returns?
    • What military service benefits are they entitled to?
    • Where are the life, home, and auto policies?
    • Who are their accountant, financial representative, insurance agent, funeral director, and attorney?
    • Were there any safe deposit boxes? If there are, where are they?
    • What hymns should be sung, what verses of scripture read at their funeral?
    • Do they own a cemetery plot?

    The wrong time to answer these and many other questions is when someone dies.

    To help you start your personal “Final Roadmap”, click here to access a copy of  “My Letter to My Loved Ones.” This eight-page document assists you in generating the answers to the types of questions many families can’t answer when a loved one dies.

    And please, feel free to share this “My Letter to My Loved Ones” with your family and friends.

    The less confusion, the better.

    Child Killed in Prospect Park…Part II | BrooklynCovered

    Do I want to put an end to recreational cycling? No, not at all. There is, however, a time and a place for bicycle racing. And that shouldn’t be after 8 AM, or before 9 PM. When most of the little ones and their parents are home.

    Here Now, The Law

    So, I’d like to make this suggestion, and who knows, maybe even have the NYS Vehicle and Traffic Law enforced in the park. Currently, Article 34, Sections 1230 and 1231, state;

    “The regulations applicable to bicycles or to in-line skates shall apply whenever a bicycle is, or in-line skates are, operated upon any highway, upon private roads open to public motor vehicle traffic and upon any path set aside for the exclusive use of bicycles, or in-line skates, or both.” 

    Section 1231 further states:

    “Every person riding a bicycle or skating or gliding on in-line skates upon a roadway shall be granted all of the rights  and shall be subject to all of the duties applicable to the driver of a vehicle by this title, except as to special regulations in this article and except as to those provisions of this title which by their nature can have no application”

     So What Does All Of This Mean?

    Cyclists are, by law, required to stop at red lights.

    Period.

    Plain and simple.

    Failure to do so means they should be stopped and ticketed. Just as I in my car would be ticketed were I to run a red light, or even roll past a stop sign. Two behaviors I witness every day by folks on bicycles.

    And, if they don’t stop, radio the patrol car down the road, just out of sight around the bend, to “make a meeting”. 

    Then double the fine. Perhaps even impound the bicycle until they take a Defensive Driving Class.

    Do I want to put an end to recreational cycling? No, not at all. There is, however, a time and a place for bicycle racing. And that shouldn’t be after 8 AM, or before 9 PM. When most of the little ones and their parents are home. And let’s do this now. Summer activities in the park are in full swing, and it’s just a matter of time before someones child, or mother, or grandfather, is seriously injured.

     Just remember the widow who just “celebrated” the five-year anniversary of her husbands death.

    He was killed when struck by a bicycle messenger in Manhattan. As a pedestrian, he wasn’t wearing a helmet.

    Eustace Greaves Jr., a.k.a. BrooklynCovered is proud to be a Brooklyn insurance broker and agent and a NYS licensed Point and Insuranc Reduction Workshop class instructor. And, he and his daughter enjoy riding their bicycles, legally.

    Child Injured in Prospect Park… | BrooklynCovered

    Now, I share the roadway with joggers, walkers, in-line skaters, and cyclists. They have a buffered lane to use until the park is closed to vehicular traffic. I can’t tell you how many times I given Tour De France wanna-bes a gentle beep of the horn to let them know they are in the wrong lane, only to have them tell me to “Use the other f*****g lane, a*****e!” And that was from someone whom I’ll kindly describe as a lady.

     

    …By someone who really thought they were in the Tour de France.

    No Children Were Injured…

    …In the writing of this blog. It is, however, only a matter of time before the headline reads, “Child Killed When Cyclists Fail To Obey Traffic Signals”, or “Cyclist Operating at a Reckless Speed Kills Innocent Child.”

    What Are You Ranting About Now?

    As you may or may not know, Monday to Friday, from 5 PM until 7 PM, cars are allowed to enter Prospect Park using the Grand Army Plaza entrance and use the parks interior roadway to travel all the way to the circle at Coney Island Avenue.

    When my schedule allows, I enjoy taking this route. It provides me with a calming respite from the days stressors as I travel through this beautiful primordial forest. I also enjoy driving at no more than 20 mph. Believe me, this is a time in the day when I don’t want to rush. (When our schedules allow, my daughter and I enjoy taking our bicycles out for a few leisurely laps around the park. Leisurely because we often stop  for water and those heavenly ice cream bars sold near the bandshell.)

    It is my habit to drive in the left hand lane. Doing this provides me with an extra microsecond of reaction time should someone dart out into the roadway. This is especially useful since so many people are enthralled by their I-Pods, I-Phones, Droids, and other distractions which could place them in great danger were I not looking out for them.

    Now, I share the roadway with joggers, walkers, in-line skaters, and cyclists. They have a buffered lane to use until the park closes to vehicular traffic. I can’t tell you how many times I given Tour De France wanna-bes a gentle beep of the horn to let them know they are in the wrong lane, only to have them tell me to “Use the other f*****g lane, a*****e!” And that was from someone whom I’ll graciously describe as a lady. At least, it sounded and was shaped like a lady.

    I’ve learned to let moments like this go,  since, as a NYS licensed insurance agent and broker, I am well aware of the consequences of using my vehicle as a weapon to intentionally inflict damage or harm to a person.

    I’ve said it before, and I’ll say it again, I am too pretty for prison.

    The behavior which really angers me with these arrogant fools in spandex clothing is their complete disregard for the safety of pedestrians, especially little kids. On more than one occasion, I’ve stopped at the red light at the pedestrian crossing located near the baseball fields, only to watch as cyclists, too interested in keeping up their momentum, barely avoid hitting small children. On one occasion, a young mother was crossing with the light, and more than a few fools in a peloton nearly hit her and what appeared her child of no more than 2-3 years of age. Some dads leaving the baseball fields with their own children got into a shouting match with the offending cyclists, and I really thought they’d use the baseball bats to rearrange some heads.

    While no one suffered any injury this time, I’ll never forget the look on that mothers face, a look of stark terror, knowing she and her small child were nearly hit, not by the cars which legally stopped for the red light. No, she and her little one were nearly done in by folk who think the park belongs only to them. Just imagine if they did ban cars from the park, anyone not speeding on a bicycle would have to leave too.

    Tomorrow, Part II.

    “Four Doorbells for a Two-Family House?”|BrooklynCovered

    So, I received a telephone call the other day from a two of my favorite clients, let’s call them The Searchings, Desperately and his lovely wife, Really. Both are long-suffering participants in the house-hunting and purchasing madness merry-go-round. (I told them to call the real estate brokers I know, but N-n-n-n-o-o-o-o.)

    “One ringy-dingy. Two ringy-dingies…”

    So, I received a telephone call the other day from two of my favorite clients, let’s call them The Searchings, Desperately and his lovely wife, Really.  Both are long-suffering participants in the house-hunting and purchasing madness merry-go-round. (I told them to call the real estate brokers I know, but n-n-n-n-o-o-o-o. They had it covered. Right. Two years later and they are finally seeing the type of houses they wanted to see two years ago).

    Thankfully they found a house with everything the wanted: An easy walk to public transportation, good schools, nearby supermarket, healthy trees, and no empty lots on the entire block.

    Just one little itsy-bitsy problem. They think the house listed in city records and the real estate brokers’ (again, they didn’t use any of my real estate professionals) listing as a legal two-family brownstone had a previous life as  a rooming house, or SRO.

    What Clues Should We Look For?

    Here’s the first tip. As you approach the front door to the house, count the number of doorbells and mailboxes.

    Two families in one building don’t each require two doorbells or mailboxes.

    Two families, two mailboxes, two doorbells. Total.

    Once inside, look for electrical piping running to outlets attached to the wall, and the same for plumbing and gas lines. These are major components of any home, and should be located inside the walls. If they’re not, you’re probably looking at a handyman special which could lead to disastrous results such as fires and explosions.

    What Else Should I Look For?

    Two family house? There should only be two (2) kitchens. Please laugh in their faces when the current owner tells you the have a kitchen in the basement “for convenience.”

    Want convenience? Make reservations or call for take out.

    And pay close attention to the number of full versus half bathrooms. Look at the doors and door frames. If there are screw holes, whether open or repaired, (Plastic Wood does wonders with holes), it could indicate the bedrooms were actually rented as rooms or sleeping areas.

    Or, they keep a Bengal tiger in the apartment.

    Inspect the walls which separate each “room.” Do they appear legitimate, or hollow “Home Depot” specials?

    What’s a Home Depot Special?

    To make additional rentable “rooms”, i.e., sleeping sections, the owner or even the tenant will go to Home Depot for some sheet rock, 2 x 4’s, nails, and the other materials necessary for building a wall. With each “special”, another rentable space.

    Make sure you inspect the floors in each room. Why? Again, look for recently patched holes which could suggest these types of walls were recently removed so the house could sell a bit faster. And without the homeowner having to lower the price when a home inspector like Colin Albert, P. E., the owner of ACES Home Inspections, comes to give the house an ASHI-certified inspection.                                                                                                

    There’s Got to Be An Easier Way!

    Sure. Just ask the current owner if they’re renting out to more than the legal number of families.

    No, seriously. Stop laughing.

    Ask them. Let’s see if you get an honest answer.

    Come On Now – No One Really Lives Like That, Do They?

    Oh, yes they do. A surprise visit to a random apartment in many parts of Brooklyn would surprise the heck out of you. A friend of mine recently went to write a life policy for a gentleman he met while handing out business cards on the street. When he went to the apartment, a two-bedroom apartment, there were 19 men sleeping in sleeping slots attached to the walls!

    Lucky dog wrote twelve  (12) life insurance policies in one sitting. Got a bunch of referrals, too.

    The legal tenant, in many of these cases, is collecting so much ‘space rent’ they really don’t even have to go to work. One lady had the audacity to tell me she works only to keep her health benefits and accumulated vacation time. And to make an extra mortgage payment each month on her fabulous home in Pennsylvania.

    So, What’s the Solution?

    Know what you’re buying. You might be forced do a great deal of repairing to make your home “insurance legal.”

    Great. What do you mean, “Insurance Legal?”

    Simple. A two family is only inhabited by two, (2, duo, deux, more than one, less than three) families. A three family, three. Not four or five.

    In my agency, I refuse to insure any property not being used for it’s intended, legal purpose. I am not in the business of “writing claims.” I only write sound risks.

    And, just so you know, most insurance companies now inspect every house they insure. Both at the inception of the policy and at renewal.

    And yes, I’ve had new clients’ policies rejected when the inspector saw four doorbells, and four mailboxes on the front of a two family house. Don’t forget, for a new policy, the insurance company has the legal right to cancel any new policy within the first 60 days of it’s inception for the property’s failure to meet the company’s underwriting requirements.

    And believe me, everything we’ve talked about and more is enough reason for cancellation for cause.

    You can’t make this stuff up.

    Oh, almost forgot. They’re in contract. They are purchasing the house. And the seller is making major concessions on the price and the amount to be held in escrow. Just in case more problems rear their ugly heads.

    A Look Into the Crystal Ball…

    Dorothy Adonolfi. Remember her name.

    Once income tax preparation season, (Puh-leeeeze keep those W-2′ s coming, folks), is over I will begin a series about the tragic costs of illegal conversions in Brooklyn and its surrounding counties. We’ll look at every aspect of how those “Home Depot Specials” affect us now, will affect our ability to secure insurance in certain communities in the future, as well as the other horrible costs we could face.

    Talk About Your Hot Sex…|BrooklynCovered

    What’s wrong with flashlights?

    Candles.
    It had to be candles.

    Last week, here in Brooklyn, NY,  a building with over sixty apartments caught fire, causing the tenants, some of whom lived there for over 30 years,  to lose their homes. In the days which followed, each news article I read about the plight of those who suffered the loss of their homes contained a similar quote;

    “We’ve lost everything. I don’t know how we are going to recover from this.”

    To his credit, Jumaane Williams , the NYC Coucilmember for the 45th District,  immediately held a clothing drive for those affected at a local church. Other people stepped up to aid individual families. So, having regained the ability to type and write after an injury to my hand while moving my office, I began working diligently to put together a fiery blog post addressing each renter’s need for owning a Renters Insurance policy.

    And then, last night, the Fire Marshalls from the New York City Fire Department announced the cause of the fire which destroyed so many lives. Candles placed around a bed during a religious ceremony for luck which allegedly included sex.

    No, I am not lying. Candles around a bed. Religious ceremony. Sex.

    I guess that’s what they mean by hot sex.

    Whatever happened to sex in the dark?

    Supposedly, the bed caught fire (from the candles, I imagine), and instead of calling 911, the persons involved attempted to douse the fire using water from the sink.

    Here’s a lesson from my own experiences with fires – Fire will not wait for you to kill it with water from the kitchen or bathroom sink.

    Then, to top it off, they allegedly opened a window and door, thinking the fire would be dissipated by the extra air. On a night when the wind was gusting up 50 miles per hour.

    Fire lesson number two: The more you fan the flames, the larger the conflagration. More air, gusting air, more fire, greater destruction.

    Don’t believe me? Rent or buy a copy of director Ron Howard’s 1991 movie, Backdraft. Robert De Niro played a Fire Marshall in that one. His character, and the movie in general made me believe in the concept of thinking and living flame, an entity which hungers and feeds. 

    Can’t you just see what housing applications will look like in the future? There will be questions about religious practices,  and the use of candles during same and/or during sexual intercourse.

    Don’t laugh. I know I would demand any renter of any apartment or commercial space sign an addendum to the lease which would include an agreement to not use candles under any circumstance. And, they would also agree to keep at least two (2) working fire extinguishers in their apartment.

    The next post will deal with Renters Insurance and other tools every renter should own. And don’t worry, I haven’t forgotten about the “Ten Reasons” series.

    Just had to wait for my hand to heal.

    All original content on these pages is fingerprinted and certified by Digiprove
    error: Content is protected !!