Mixed Use Building Insurance Guide For NJ /NY TRISTATE Landlords & investors

By: Adam Huzien- Senior Insurance Broker/ Founder

AMH Insurance Brokerage

Mixed use building insurance, is very common in the tristate. We regularly see a commercial unit on the first floor and residential units above. Some may have a difficult time securing the right insurance carrier to protect them in case of a loss, for these specific type of buildings. As an Insurance Brokerage , that serves the NJ - NY - PA; AMH Insurance Brokerage, is proud to announce that we have saved our clients thousands of dollars on there mixed use building insurance.

First let’s discuss the basic definition of what a mixed use building is defined as a commercial property such as a retailer, restaurant, convenient store , etc. that in the same structure also has residential units / apartments . Now that we have that’s clearly defined, let’s take a deeper dive into the nuances of what coverages are available on this type of insurance policy and what one should look for in there insurance quotes.

Commercial Package Policy or BOP ( Business Owner Policy) are the names in which coverage would be provided for you mixed use building, whether it is located in New Jersey, New York or Pennsylvania. Within those forms there are your main insurance coverage parts such as Property & Liability sections.

Property Coverage

This Part of coverage would protect you against the main structure/ property you are covering, such as the cost to rebuilt the building in case of a total loss.

It is best practice to insure your building based on a valuation method called replacement cost. This insures that the valuation would be enough to cover the cost to rebuild the structure new with the same quality of material and finishing, but brand new. Without the the loss of depreciation.

Liability Coverage

This portion of the policy is the second major part of coverage associated with an insurance policy. In regards to a mixed use building insurance, this part would cover things such a slip & fall on the premises, and any lawsuits that might arise that may hold the property owner at personal liability for.

Additional Endorsements

Following the main insurance coverages is the Additional Endorsements. These additional endorsements gives the policyholder, more well rounded coverage, that gives the policy holder a broader insurance policy. Examples of Additional Endorsements Coverage should include or at least be considered to include the following:

Water Back Up,

Equipment Breakdown ,

Service Line Coverage.

In conclusion, understanding the advantages of having the right insurance coverage for your mixed use building is the essential first step. Secondly, having the right insurance broker, to find you with the right coverage, really puts the landlord at ease in terms of saving both time & money. An insurance brokerage, deals with these types of properties all of the time. So through there network of insurance companies, they will be able to offer a competitive insurance quote for your mixed use building. Another important tip is to keep in mind, to take the time and go over a complete application with your insurance broker, this only benefits you as the landlord to get the right insurance carrier and presenting the proper information is the best way to avoid any surprises in the the future. Finally an essential tip for landlords of mixed use building is that your building valuation can be based on replacement cost or actual cash and can significantly affect your coverage and costs.

Remember some of these important tips , and feel free to reference this article and many more like this !

Below is an example of the cities in New Jersey , New York & Pennsylvania , where have saved people thousands on there Mixed use building insurance.

BY: ADAM HUZIEN - SENIOR INSURANCE BROKER/ FOUNDER

AMH INSURANCE BROKERAGE

Find Your City / Town !

Check out the examples in NJ & NY ( cities/towns) below we have quoted insurance !

New York - Brooklyn , Manhattan , Bronx, Queens, Mt. Vernon, Yonkers, Staten Island , Long Island, Hamptons , Amsterdam, Albany , Westchester, New Rochelle, Hudson , Poughkeepsie, Etc.

New Jersey - Cities in New Jersey Adelphia, NJ ,

Allamuchy, NJ Allendale, NJ Allenhurst, NJ Allentown, NJ Allenwood, NJ Alloway, NJ Alpine, NJ Andover, NJ Annandale, NJ Asbury, NJ Asbury Park, NJ Atco, NJ Atlantic City, NJ Atlantic Highlands, NJ Audubon, NJ Augusta, NJ Avalon, NJ Avenel, NJ Avon By The Sea, NJ Baptistown, NJ Barnegat, NJ Barnegat Light, NJ Barrington, NJ Basking Ridge, NJ Bass River, NJ Bayonne, NJ Bayville, NJ Beach Haven, NJ Beachwood, NJ Bedminster, NJ Belford, NJ Belle Mead, NJ Belleville, NJ Bellmawr, NJ Belmar, NJ Belvidere, NJ Bergenfield, NJ Berkeley, NJ Berkeley Heights, NJ Berlin, NJ Bernards, NJ Bernardsville, NJ Beverly, NJ Birmingham, NJ Blackwood, NJ Blairstown, NJ Blawenburg, NJ Bloomfield, NJ Bloomingdale, NJ Bloomsbury, NJ Bogota, NJ Boonton, NJ Bordentown, NJ Bound Brook, NJ Bradley Beach, NJ Branchville, NJ Brick, NJ Bridgeport, NJ Bridgeton, NJ Bridgewater, NJ Brielle, NJ Brigantine, NJ Broadway, NJ Brookside, NJ Browns Mills, NJ Budd Lake, NJ Buena, NJ Burlington, NJ Butler, NJ Buttzville, NJ Caldwell, NJ Califon, NJ Camden, NJ Cape May, NJ Cape May Court House, NJ Cape May Point, NJ Carlstadt, NJ Carteret, NJ Cedar Brook, NJ Cedar Grove, NJ Cedar Knolls, NJ Cedarville, NJ Changewater, NJ Chatham, NJ Chatsworth, NJ Cherry Hill, NJ Chester, NJ Clark, NJ Clarksboro, NJ Clarksburg, NJ Clayton, NJ Clementon, NJ Cliffside Park, NJ Cliffwood, NJ Clifton, NJ Clinton, NJ Closter, NJ Collingswood, NJ Cologne, NJ Colonia, NJ Colts Neck, NJ Columbia, NJ Columbus, NJ Cookstown, NJ Cranbury, NJ Cranford, NJ Cream Ridge, NJ Cresskill, NJ Crosswicks, NJ Dayton, NJ Deal, NJ Deepwater, NJ Deerfield Street, NJ Delaware, NJ Delmont, NJ Demarest, NJ Dennisville, NJ Denville, NJ Dividing Creek, NJ Dorchester, NJ Dorothy, NJ Dover, NJ Downe, NJ Dumont, NJ Dunellen, NJ East Amwell, NJ East Brunswick, NJ East Hanover, NJ East Orange, NJ East Rutherford, NJ Eatontown, NJ Edgewater, NJ Edison, NJ Egg Harbor City, NJ Egg Harbor Township, NJ Elizabeth, NJ Elmer, NJ Elmwood Park, NJ Elwood, NJ Elwood-Magnolia, NJ Emerson, NJ Englewood, NJ Englewood Cliffs, NJ Englishtown, NJ Essex Fells, NJ Estell Manor, NJ Ewan, NJ Fair Haven, NJ Fair Lawn, NJ Fairfield, NJ Fairton, NJ Fairview, NJ Fanwood, NJ Far Hills, NJ Farmingdale, NJ Flagtown, NJ Flanders, NJ Flemington, NJ Florence, NJ Florham Park, NJ Fords, NJ Forked River, NJ Fort Lee, NJ Fort Monmouth, NJ Fortescue, NJ Franklin, NJ Franklin Lakes, NJ Franklin Park, NJ Franklinville, NJ Freehold, NJ Frenchtown, NJ Garfield, NJ Garwood, NJ Gibbsboro, NJ Gibbstown, NJ Gillette, NJ Gladstone, NJ Glassboro, NJ Glasser, NJ Glen Gardner, NJ Glen Ridge, NJ Glen Rock, NJ Glendora, NJ Glenwood, NJ Gloucester City, NJ Goshen, NJ Great Meadows, NJ Great Meadows-Vienna, NJ Green Creek, NJ Green Village, NJ Greendell, NJ Greenwich, NJ Grenloch, NJ Hackensack, NJ Hackettstown, NJ Haddon Heights, NJ Haddonfield, NJ Hainesport, NJ Haledon, NJ Hamburg, NJ Hammonton, NJ Hampton, NJ Hancocks Bridge, NJ Hardyston, NJ Harrington Park, NJ Harrison, NJ Harrisonville, NJ Hasbrouck Heights, NJ Haskell, NJ Haworth, NJ Hawthorne, NJ Hazlet, NJ Heislerville, NJ Helmetta, NJ Hewitt, NJ Hibernia, NJ High Bridge, NJ Highland Lakes, NJ Highland Park, NJ Highlands, NJ Hightstown, NJ Hillsdale, NJ Hillside, NJ Ho Ho Kus, NJ Ho-Ho-Kus, NJ Hoboken, NJ Holmdel, NJ Hopatcong, NJ Hope, NJ Hopewell, NJ Howell, NJ Irvington, NJ Iselin, NJ Island Heights, NJ Jackson, NJ Jamesburg, NJ Jersey City, NJ Jobstown, NJ Johnsonburg, NJ Juliustown, NJ Keansburg, NJ Kearny, NJ Keasbey, NJ Kendall Park, NJ Kenilworth, NJ Kenvil, NJ Keyport, NJ Kingston, NJ Lafayette, NJ Lake Hiawatha, NJ Lake Hopatcong, NJ Lakehurst, NJ Lakewood, NJ Lambertville, NJ Landing, NJ Landisville, NJ Lanoka Harbor, NJ Lavallette, NJ Lawnside, NJ Layton, NJ Lebanon, NJ Ledgewood, NJ Leeds Point, NJ Leesburg, NJ Leonardo, NJ Leonia, NJ Liberty Corner, NJ Lincoln Park, NJ Lincroft, NJ Linden, NJ Linwood, NJ Little Falls, NJ Little Ferry, NJ Little Silver, NJ Little York, NJ Livingston, NJ Lodi, NJ Long Branch, NJ Long Valley, NJ Longport, NJ Lumberton, NJ Lyndhurst, NJ Lyons, NJ Madison, NJ Magnolia, NJ Mahwah, NJ Malaga, NJ Manahawkin, NJ Manasquan, NJ Mantoloking, NJ Mantua, NJ Manville, NJ Maple Shade, NJ Maplewood, NJ Margate City, NJ Marlboro, NJ Marlton, NJ Marmora, NJ Martinsville, NJ Matawan, NJ Maurice River, NJ Mauricetown, NJ Mays Landing, NJ Maywood, NJ McAfee, NJ Medford, NJ Mendham, NJ Merchantville, NJ Metuchen, NJ Middlesex, NJ Middletown, NJ Middleville, NJ Midland Park, NJ Milford, NJ Millburn, NJ Millington, NJ Millstone, NJ Milltown, NJ Millville, NJ Milmay, NJ Mine Hill, NJ Minotola, NJ Mizpah, NJ Monmouth Beach, NJ Monmouth Junction, NJ Monroeville, NJ Montague, NJ Montclair, NJ Montvale, NJ Montville, NJ Moonachie, NJ Moorestown, NJ Morganville, NJ Morris Plains, NJ Morristown, NJ Mount Arlington, NJ Mount Ephraim, NJ Mount Freedom, NJ Mount Holly, NJ Mount Laurel, NJ Mount Royal, NJ Mount Tabor, NJ Mountain Lakes, NJ Mountainside, NJ Mullica Hill, NJ Navesink, NJ Neptune, NJ Neshanic Station, NJ Netcong, NJ New Brunswick, NJ New Egypt, NJ New Gretna, NJ New Lisbon, NJ New Milford, NJ New Providence, NJ New Vernon, NJ New York, NJ Newark, NJ Newfield, NJ Newfoundland, NJ Newport, NJ Newton, NJ Newtonville, NJ Norma, NJ Normandy Beach, NJ North Arlington, NJ North Bergen, NJ North Brunswick, NJ Northfield, NJ Northvale, NJ Norwood, NJ Nutley, NJ Oak Ridge, NJ Oakhurst, NJ Oakland, NJ Oaklyn, NJ Ocean City, NJ Ocean Gate, NJ Ocean Grove, NJ Ocean View, NJ Oceanport, NJ Oceanville, NJ Ogdensburg, NJ Old Bridge, NJ Oldwick, NJ Oradell, NJ Orange, NJ Oxford, NJ Paramus, NJ Park Ridge, NJ Parlin, NJ Parsippany, NJ Passaic, NJ Paterson, NJ Paulsboro, NJ Peapack, NJ Peapack and Gladstone, NJ Pedricktown, NJ Pemberton, NJ Pennington, NJ Penns Grove, NJ Pennsauken, NJ Pennsville, NJ Pequannock, NJ Perrineville, NJ Perth Amboy, NJ Phillipsburg, NJ Picatinny Arsenal, NJ Pine Beach, NJ Pine Brook, NJ Piscataway, NJ Pitman, NJ Pittstown, NJ Plainfield, NJ Plainsboro, NJ Pleasantville, NJ Pluckemin, NJ Point Pleasant Beach, NJ Pomona, NJ Pompton Lakes, NJ Pompton Plains, NJ Port Elizabeth, NJ Port Monmouth, NJ Port Murray, NJ Port Norris, NJ Port Reading, NJ Port Republic, NJ Pottersville, NJ Princeton, NJ Princeton Junction, NJ Quakertown, NJ Quinton, NJ Rahway, NJ Ramsey, NJ Rancocas, NJ Randolph, NJ Raritan, NJ Readington, NJ Red Bank, NJ Richland, NJ Richwood, NJ Ridgefield, NJ Ridgefield Park, NJ Ridgewood, NJ Ringwood, NJ Rio Grande, NJ River Edge, NJ Riverdale, NJ Riverside, NJ Riverton, NJ Rochelle Park, NJ Rockaway, NJ Rocky Hill, NJ Roebling, NJ Roosevelt, NJ Roseland, NJ Roselle, NJ Roselle Park, NJ Rosemont, NJ Rosenhayn, NJ Rumson, NJ Runnemede, NJ Rutherford, NJ Saddle Brook, NJ Saddle River, NJ Salem, NJ Sayreville, NJ Schooleys Mountain, NJ Scotch Plains, NJ Sea Girt, NJ Sea Isle City, NJ Seaside Heights, NJ Seaside Park, NJ Secaucus, NJ Sergeantsville, NJ Sewaren, NJ Sewell, NJ Shiloh, NJ Short Hills, NJ Shrewsbury, NJ Sicklerville, NJ Skillman, NJ Somerdale, NJ Somers Point, NJ Somerset, NJ Somerville, NJ South Amboy, NJ South Bound Brook, NJ South Dennis, NJ South Hackensack, NJ South Orange, NJ South Plainfield, NJ South River, NJ South Seaville, NJ Sparta, NJ Spotswood, NJ Spring Lake, NJ Springfield, NJ Stanhope, NJ Stanton, NJ Stewartsville, NJ Stillwater, NJ Stirling, NJ Stockholm, NJ Stockton, NJ Stone Harbor, NJ Stratford, NJ Strathmere, NJ Succasunna, NJ Summit, NJ Sussex, NJ Swartswood, NJ Swedesboro, NJ Teaneck, NJ Tenafly, NJ Tennent, NJ Teterboro, NJ Thorofare, NJ Three Bridges, NJ Titusville, NJ Toms River, NJ Totowa, NJ Towaco, NJ Tranquility, NJ Trenton, NJ Tuckahoe, NJ Tuckerton, NJ Union, NJ Union City, NJ Vernon, NJ Verona, NJ Vienna, NJ Villas, NJ Waldwick, NJ Wallington, NJ Wallpack Center, NJ Wanaque, NJ Waretown, NJ Warren, NJ Washington, NJ Watchung, NJ Waterford Works, NJ Wayne, NJ Wenonah, NJ West Berlin, NJ West Creek, NJ West Long Branch, NJ West Milford, NJ West New York, NJ West Orange, NJ West Paterson, NJ Westfield, NJ Westville, NJ Westwood, NJ Wharton, NJ Whippany, NJ Whitehouse, NJ Whitehouse Station, NJ Whitesboro, NJ Whiting, NJ Wildwood, NJ Williamstown, NJ Willingboro, NJ Windsor, NJ Winslow, NJ Wood Ridge, NJ Woodbine, NJ Woodbridge, NJ Woodbury, NJ Woodbury Heights, NJ Woodcliff Lake, NJ Woodstown, NJ Wrightstown, NJ Wyckoff, NJ