November 10, 2020
Landlords call for investigation into soaring insurance costs
In one case, total insurance costs for a small owner (less than 150 units) more than doubled from $639 per unit to more than $1300 per unit in 2020. A larger owner (more than 500 units) also reported that their per unit costs jumped from $648 to more than $1000 in 2020.
Average insurance costs for the Bronx to be $720 per unit a year
