FAQ

No. RSA Insurance Agency is an Insurance Brokerage with access to multiple insurance companies.
As your insurance broker, we work on your behalf, to essentially shop the insurance market to obtain the best coverage options available for your needs.

RSA Insurance Agency has long-standing relationships with various wholesaler brokers and managing general agencies for access to multiple “A-Rated” insurance companies, to obtain the most accurate and competitive quotes for your unique coverage needs.

Unfortunately, we do not have access to any special discounted programs specifically for RSA Members. However, we do have great access to some of the most competitive carriers and coverage products currently available throughout the insurance market.

We provide services to RSA Members and Non-Members.
We do, however, highly recommend that all owners of Rent-Stabilized apartment buildings explore the many benefits of becoming a member of the Rent Stabilization Association.

We can write insurance for apartment buildings, homeowners, condo & coop units, renters, vacant buildings, business owners (restaurants, beauty parlors, variety stores, sports bars, night clubs, etc.), builder risk & renovations, contractor liability, workers compensation, commercial auto, physical damage, garages, special events… And so much more. If you need coverage, just ask!

This typically depends on the type of insurance quote you are seeking.

With commercial insurance quote applications, a currently dated Loss History Report (also called Loss Runs) for the last 5 years of coverage, is required. For buildings, we need information about the property, including rental income, the condition and age of the roof, electric, plumbing, heating, and windows. Additionally, we ask that you send a copy of your current policy for reference and review.

With all personal lines quote applications, we are required to submit the SS# and Date of Birth of the applicant, along with information about the location.

Business owners will be required to provide the loss history report and additional information related to business operations.

Several factors have contributed to the insurance industry’s market-wide increases in more recent years. Many insurance companies have been impacted by an increase in claims nationwide, resulting in a steady and significant rise in insurance premiums. Additionally, replacement cost values are up due to the inflated costs associated with construction labor, materials, and supply chain issues.

Commercial property & casualty lines of coverage, and particularly apartment buildings, are among those most affected. Multiple insurance carriers are focused on minimizing their exposure, to maintain financial stability, by eliminating certain types of policies from their portfolio of business, or no longer offering coverage in particular states. These changes cause more limited access to insurance companies or products, and allow market premiums to rise exponentially.