Meet the Expert: All State Renter’s Insurance

Q&A with: Barbara Grimaldi – Owner/Principal of Grimaldi & Associates -

BOND NEW YORK: To start, what exactly does renter’s insurance cover?

It covers your personal possessions if it’s destroyed or damaged by any named peril.  An example of named perils:  Fire, Lightning, Windstorm or Hail, Explosion, Riot or Civil Commotion, Aircraft, Smoke, Vandalism and Malicious Mischief, Falling Objects, Freezing of plumbing, water damage from plumbing, steam or water heating systems, Liability and guest medical.  Just to name a few.

The best visual I can give on this is:  Turn your apartment upside down.  Everything that falls out is your personal belongings, your possessions, your stuff….  That is what you need to cover in the event of a loss.

  BNY: Who is renter’s insurance recommended for ? 

Anybody renting an apartment!. Before you get your key and turn your electric on  call an insurance professional for a policy.

BNY: How much does renter’s insurance cost? What are the factors that affect cost?

It varies from person to person.  It all depends on the amount of coverage they request, If they need to schedule special items ( jewelry, furs, fine arts etc)  The policies are built on their personal needs. They should take some time to estimate how much their clothes, furniture and electronic equipment…etc. are worth.  They would need to be covered for at least that amount or the amount you think it will take to replace all your items and make you whole again.

BNY: A lot of our customers assume they don’t need renter’s insurance because the building will have some sort of insurance policy. What would you say to them? 

Your personal property is owned by you, not the building .  It is not the responsibility of the building  for your personal belongings in the event of a loss. That is why it’s necessary for you to make sure your protected with a policy. 

BNY: Hurricane season is upon us. Have you seen an increase in renter’s insurance since Hurricane Sandy? 

Not particularly an increase of policies being purchased, however, after Hurricane Sandy many people have called to educate themselves on coverage’s & cost.

BNY: Has the cost of renter’s insurance gone up because of Hurricane Sandy? Have adjustments been made to policies and what they cover as a result?

 Prices need to reflect the costs of providing home and renters insurance in New York.  It takes many months or years to evaluate the impact of a major catastrophic event on the rating plans. The goal is to match price to risk as accurately as they can to help preserve availability of property insurance, which includes renters insurance.

Coverage’s as a whole usually aren’t altered.  It’s usually the price to risk which makes the policy increase.

BNY: Let’s say your property is damaged. What are the procedures for dealing with insurance? 

If your property is damaged by a named peril you immediately take the steps to secure any further damage.  You call your insurance agent and/or broker to report the incident. They will walk you through the process of filing the claim and verify what is and isn’t covered.

 BNY: We’ve heard about some unusual things that are covered by insurance when a natural disaster strikes—food spoilage being one of them. Is this true? Is there anything unusual that you might not typically think would be covered that is? How about the opposite: is there anything you think would be covered that surprisingly isn’t?

When a catastrophe as horrific as Hurricane Sandy occurs there are coverage’s on insurance policies that can be applied. If it is deemed a covered loss, most insurance policies have a provisions for the spoilage caused by the power interruption. The amount of coverage differs from insurance company to insurance company.  Additional living expenses might also be used in the event that it was necessary to maintain your normal standard of living when the direct physical loss is uninhabitable.

BNY: What are the top questions I should ask an agent when obtaining renter’s insurance to ensure that I have the best coverage for my particular situation?

Who is covered in the apartment?

Where does my liability cover me?

How am I covered in the event of loss?  Are there certain limitations?

What scheduled items are included in the policy?

Do you offer Replacement on my personal property?

Do you cover off premises theft and how much?

What is the  most unusual rental insurance claim you’ve heard of? Any interesting NYC stories relating to renter’s insurance?

There are many stories about claims but one specific sticks in my mind and always will. 

I had a client which had her fur scheduled. (It was listed as a separate rider on the policy.) Unfortunately,  she fell off the building and her fur got stuck on something on the side of the building.  In fact it saved her life! When she was rescued , she made a claim  – and it was covered!






Meet Pet-friendly Agent: Joseph Sheehan



Meet BOND agent Joseph Sheehan and his malti-poo, Charlie.
James tells us:
Charlie was actually a Christmas gift from wonderful friends, to my partner Jimmy and I to help us re-focus our attention from the loss of Jim’s wonderful Mom Sophie. Charlie is apparently from two show dog parents from a breeder in Florida. Our friend carefully searched various breeds and went to personally choose a malti-poo for us. The breeder did not want to give her Charlie at first because she was going to keep her for breeding. Jennifer just knew that Charlie (originally named Babette by breeder) was meant to be with us and convinced the breeder that no two people would take better care of her than Jim and I. Jennifer was right and Charlie has been nothing short of a gift to us in every sense of the word sine she has come into our lives.
My favorite places to

walk Charlie are Riverside Park on the Upper West Side and Central Park. The best advice I can give to pet owners is choose a well-recommended vet and groomer. The vet should be very close to your home as if there is ever an emergency they will be very familiar with your pet’s medical history, a familiar face to your pet and a short distance away.

If interested in finding a pet-friendly apartment, Joseph is here to help.

What Luxury 1BR Can I Buy in NYC Today?

BOND Sales manager, Stacey Max gives us luxury 1BRs in three different neighborhoods that you can buy today! 

Terrace Lovers 1BR at 1 Irving Place – Bordering Gramercy Park and Union Square


Area: Gramercy
Location: Union Square/15
Type: Condo
Bedrooms: 1

Bathrooms: 1
Price: $995,000


Luxury Gorgeous Bright 1BR limestone bath gym pool Near all transportation – Midtown-West



Area: Midtown West
Type: Condo
Bedrooms: 1

Bathrooms: 1
Approx. Size:
885 sq.ft. (82
Price: $1,550,000


Elegant Park Avenue One Bedroom with Balcony - Upper East Side


Area: Upper East Side
Location: East 60th & 61s
Type: Condo
Bedrooms: 1

Bathrooms: 1
Approx. Size:
942 sq.ft. (88
Price: $2,800,000

Interested in any of these properties? Do not hesitate to contact us at Not finding what you’re looking for? Check out our other listings at:


Agent Poll: What’s the Best Place to Swim in NYC

As summer begins winding down (please don’t go!) we are all trying to get our last few dips in. With over 500 agents in 7 offices throughout the city, we have our finger on the pulse of the best places to eat, drink, be merry and SWIM. 

Here are their recommendations for best places to swim in NYC:

Rockaway Beach and Rockaway Tacos - Queens, NY

All the cool kids know that the best place to go is Far Rockaway Beach. It is the only place in NYC where you can surf. When your ready to eat make sure you stop by Rockaway Tacos for a bite.

– BOND Agent, Shayla Sweatt

The beach at the Dream Hotel and Bar D’eau at the  Trump SOHO both have amazing pools.
– BOND Agent, Janine Young


Chelsea Piers

– BOND Co-Founder, Bruno Ricciotti

Brighton Beach - Brooklyn

More specifically Section Bay 4 because my sister is a NYC Lifeguard there!

– BOND Agent, Kimberly Ragnanan

Astoria ParkAstoria Queens


This beautiful outdoor pool was used for qualifying events for the 1936 and 1964 Summer Olympics, it is also the oldest and largest in the city!  This is where I did my training for the NYC triathlon during their lap swimming.  The views are breathtaking, sitting on the edge of the East River and resting between the Tri-borough Bridge and Hell Gate Bridge.
– BOND Agent, Talia McKinney
The Pool is on the 9th floor of Avalon Riverview North, and can also be used by those, like Brian (pictured with his brother Michael & kids as a guest) living in Avalon South.  We love the heated pool because of the 180 degree view of the East River and Manhattan!  It is like being on vacation as you answer your e-mail and Trulia leads on your smart phone, after a dip!
– BOND Agent, Larry H. Dusseau

What luxury 1BR can one buy in NYC?

Today sales manager Stacey Max highlights these three luxury 1BRs you can buy today through the city.

Terrace Lovers 1BR at 1 Irving Place –

Bordering Gramercy Park and Union Square


Area: Gramercy
Location: Union Square/15
Type: Condo
Bedrooms: 1

Bathrooms: 1
Price: $995,000


Luxury Gorgeous Bright 1BR limestone bath gym pool Near all transportation -

Midtown West


Area: Midtown West
Type: Condo
Bedrooms: 1

Bathrooms: 1
Approx. Size:
885 sq.ft. (82
Price: $1,550,000


Elegant Park Avenue One Bedroom with Balcony - 

Upper East Side


Area: Upper East Side
Location: East 60th & 61s
Type: Condo
Bedrooms: 1

Bathrooms: 1
Approx. Size:
942 sq.ft. (88
Price: $2,800,000


Do not hesitate to contact us with questions about this listing at Didn’t find what you’re looking for? Check out for more listings.

Building Profile: The Corinthian, 330 East 38th Street

by guestblogger BOND agent Tom Pecoraro


One of a Kind: 330 East 38th Street – The Corinthian, Murray Hill


*pIcture via Blocksy


As inventory in NYC continues to experience record lows, property hunters remain on the hunt.  For those looking for room to spread out, The Corinthian,  a condominium building located at 330 East 38th Street in Murray Hill offers space and much more.

Having personally lived in the building and worked with clients there, I know this building first hand and really love it.

The 57-floor, 817-unit condo was built in 1989. Its fluted towers are unusual compared to the typical box-shaped buildings of that time period and perfectly suited to great apartment layouts; while the bay windows are perfect to take in the 360-degree views.

This is an established white-glove 24-hour full service doorman building with valet service and 24-hour garage.  The building is impeccably managed by Rose Associates with management representative on the premises as well as a building superintendent.  There is a large staff of doormen, porters and handymen at one’s service.

The building has something for everyone: Apartment inventory  ranges from approx 500-600 sq. ft. studios to 1700+ sq. ft. (sometimes even as big as 3,000+ sq. ft.!) three-bedrooms with many apartments having one or multiple balconies. There is a wide variety of layouts available to suit most needs.

This building also allows rentals.  The current average sale price per square foot is $1,467.00 and the average rental price per square foot is $55.00.

While many attractive and highly publicized new building projects hitting the market feature incomparable amenities, 330 East 38th Street  continues to renovate and innovate with highly coveted modern conveniences. Examples include: a fourth-floor common area center offering a  large new laundry room; an enclosed 50-foot heated indoor pool, sauna and steam rooms; running track; multi-tiered outdoor sundeck, gym, yoga studio; and children’s playroom and party room with kitchen.


*picture via The New York Times

At the building’s entrance there’s a private driveway for easy off-street loading and unloading ,as well as some rare peaceful elements in the middle of a frenetic city– a semicircular cascading waterfall fountain and bronze sculpture that has appeared in a number of movies.

Murray Hill known for its rows of brownstones and pre-war buildings mixed with some contemporary development as you walk East.  The convenience of this buildings’ location is often overlooked by perspective buyers who believe the building is too far East, but residents know better.Within minutes of walking from 330 East 38th Street you are in midtown, near Grand Central, Metro North and many subway lines.  The nearby Midtown Tunnel provides quick access out East and to the Airports.

If interested in learning more about this building, others in Murray Hill or have any questions about rentals or sales in NYC, reach out to Tom or email is at


Meet 160 East 23rd Street

BOND Sales Manager, Stacey Max lists three new development project units that you can buy today!

160 East 23rd Street #2A 

Gramercy Park One Bedroom +Den New Condo Building

Screen Shot 2014-08-13 at 12.02.09 PM


ID# 605715
Area: Gramercy
Location: Lexington & 3rd
Type: Condo
Bedrooms: 1.5

Bathrooms: 1
Rooms: 3.0
Approx. Size:
673 sq.ft. (63
Price: $1,137,566


160 East 23rd Street #4A 
Gramercy Park One Bedroom+Den New Condo Building


Screen Shot 2014-08-13 at 12.02.34 PM

ID# 605736
Area: Gramercy
Location: Lexington & 3rd
Type: Condo
Bedrooms: 1.5

Bathrooms: 1
Rooms: 3.0
Approx. Size:
673 sq.ft. (63
Price: $1,204,865



160 East 23rd Street #8A 
Gramercy Park One Bedroom + Den New Condo Building

Screen Shot 2014-08-13 at 12.04.13 PM


ID# 605740
Area: Gramercy
Location: Lexington & 3rd
Type: Condo
Bedrooms: 1.5

Bathrooms: 1
Rooms: 3.0
Approx. Size:
673 sq.ft. (63
Price: $1,339,489


Have questions about any of these properties? Do no hesitate to contact us at Didn’t find what you’re looking for, check out our other listing at:

Agent Poll: What’s The Best Place to Be in Summer in NYC?

With over 500 agents in 7 offices, we are never at a loss for great recommendations on where to eat, drink and be merry in NYC. 

We asked our agents what their favorite place to be in summer in NYC is. Here is their responses along with pictures they snapped. 

1.) Gansevort Hotel - 420 Park Ave South - Flatiron

I love having a glass of wine on one of the city’s amazing rooftop lounges. One of my favorites is at the Gansevort Hotel in the Meatpacking District. You get to see this city from whole different perspective and it is absolutely breathtaking.

gansevoort pic  email ONE


-  BOND Agent, Natalie Naim

2.) NY Philharmonic Concert on the Great Lawn of Central Park ending with fireworks

3.) Bryant Park HBO Film Festival , Midtown East
 4.) La Birrerria -  200 5th Avenue - Flatiron
- BOND Agent, Joseph G. Sheehan
5.) Gantry State Park, – 4-09 47th Road – Long Island City
Summer concerts every Tuesday 7 to 8pm
6.) St. Peter’s Church – 22 Barclay St - Financial District

 7) LIC Landing, LIC

Burgers, beer & boats!  Manhattan skyline too!


- BOND Agent, Larry Dusseau


8.) Central Park

My favorite thing to do in the summer is to go for a nice run around the six-mile Central Park loop in the morning.  I get there before it gets too hot and crowded, its peaceful and motivating because there are so many other people running, walking, biking and training.


BOND Agent, Talia McKinney

9) East River Esplanade – East River – East Side

I LOVE walking the East River Esplanade down in the Financial District and hanging out on Pier 15, which is a sort of raised lawn jutting out into the river. Last time I was there, there was a group doing AcroYoga, which was really cool and indicative of the variety of culture that is making FiDi more than just a place to work. Plus, on the lower level, there’s Watermark Bar / Lounge for food and drink.
 10. Pier 15 – South Street Seaport – Financial District
11) Watermark Bar -  78 South Street – Financial District 
BOND Agent, Samuel Gogolak 


Building Profile: 101 Warren


Amid Manhattan’s booming real estate market, some buildings have risen faster in value than others.

101 Warren Street would be a prime example.

When the marketing team for the luxury high-rise development announced its sellout for over $650 million in August 2010, they heralded it as the “largest and most successful condominium offering in the history of downtown Manhattan.”

But it appears that sale prices in 101 Warren have continued to climb – at a  much faster rate than those of the surrounding neighborhood, and some of its saavy investors are starting to cash in.

An analysis of six recent sales in the residential tower during May and June reveals that their sale  prices were, on average, 49% higher than what they were originally purchased for from the developer.

Sale prices across Tribeca & Soho, meanwhile, have risen 30% over that same time period on average, according to a comparative review of data on

While people are attracted to Tribeca for its classical, industrial charm, we increasingly continue to see buyers looking for amenity-rich buildings. While many of the neighborhood’s new developments fit that bill, many buyers are looking for something they can move into immediately without the long wait while the building is completed.

In addition to the skyscraping views that most of Tribeca’s older buildings don’t afford, 101 Warren features a spa, a Bloomberg Financial Lounge and board room, attended parking, and – most notably – a private forest of Austrian pines.

The biggest winner: a 3-bedroom, 2,200 square foot unit on the 28th floor that sold for $6.15 million in June. It was originally purchased for $3.4 million in December 2009.

This is a regularly occurring feature from The Tribeca/Soho Real Estate Report, by The Tribeca Team’s Jacob Fine. Contact him today if you would like to be added to his mailing list.

How to Have a Pet Like a New Yorker: Pet Laws

by Guestblogger and BOND agent Megan Mulvilhill   In her spare time she works with a cat rescue group and in addition to her three cats, Megan usually has a few foster cats at any time. For great tips on renting and New York City in general follow her on Twitter and Instagram @regirlnyc.


While this piece is certainly not meant to be used as legal advice–please contact a lawyer if you have specific questions–here are some interesting tidbits about having a pet in NYC.


There are laws on the books in New York City designed to help protect tenants, but did you know there are laws to help protect your pets as well? Sometimes you get that great apartment and there is a wink and a nod that pets are okay though it is not in the lease. Happens all of the time, no biggie, right? Then your landlord sells the building and the new owner does not want pets in the building or your landlord decides because 2B lets their dog be a menace that Fluffy has to go.

bond-aries copy

Don’t worry, your pet may be protected by the New York City Pet Law1. This law may override your no-pet clause if2:


  • The tenant has kept a pet “openly” and “notoriously”
  • The landlord or agent of the landlord must know about the pet for at least three months
  • The landlord doesn’t pursue legal action to remove the pet


Okay, so what does all of that mean? 


Basically if your super or landlord knows you have a pet and you are not hiding it—no smuggling Fido out for a walk—for a period of at least three months you may be good to go. This can be a bit harder to prove with cats unless you take them for a walk. (Seriously it happens!)


My new landlord says definitely no pets, but I really need my little buddy.


Fear not, there are other options to keep your furry friend in you home even if the landlord says no. You can try to qualify your pet as an Emotional Support Animal3. If you have a diagnosed mental illness and need a pet companion, you may be able to keep your pet no matter what the lease says.


Mr. Snugums may fall into this category if:


  • You have a diagnosed disability
  • You qualify to live in your housing.  No squatters.
  • You need to get a reasonable pet. No tigers or sloths people, a dog or a cat will suffice.
  • You absolutely must have the animal in order to live in the housing.  In other words you need this animal to function4


The above things can be hard to prove and qualifying your animal may not be a sure thing, but it is worth a try.


Yeh!!! My pet can stay!


Whoa, don’t get too excited there are some caveats to the above. First and foremost it only applies to rental properties with more than three apartments and to co-op owners.5  Condos in Manhattan and the Bronx do not qualify.6


Also, if your pet is considered a nuisance, you could be asked to rehome it.  Nuisance behavior may be considered:


  • Excessive barking
  • Aggressive behavior
  • Noxious smells such as urine or feces
  • Relieving itself in public areas
  • Having too many animals


If the above happens once you many have the chance to remedy it. If it happens more than once, your landlord may demand you get rid of your pet.


Phew that was a lot of information!


I know, I know, it does seem overwhelming.  The main thing is make sure everyone knows you have a pet, don’t hide it, and if there is any issue talk to your landlord. Be upfront with your real estate agent when you being your search for a home. They can make sure they show you pet-friendly apartments so keeping your furry family member with you will be a breeze.


For more information check out:


1  N.Y. ADC. LAW § 27-2009.1 : NY Code – Section 27-2009.1: Rights and responsibilities of owners and tenants in relation to pets

2 part b.

3  According to: Although emotional support animals are analogous to guide dogs and other service animals, emotional support animals do not need to be trained in order to alleviate the effects of a person’s disability. Therefore, an emotional support animal can be a reasonable accommodation even if it has received no training. Janush v. Charities Housing Development Corp., 169 F.Supp.2d 1133 (N.D.Cal. 2000). The U.S. Department of Housing and Urban Development, the agency charged with enforcing the Fair Housing Act and Amendments, has also held in administrative decisions that allowing a pet in no-pet housing can be a reasonable accommodation. HUD v. Dutra, HUDALJ 09-93-1753-8 (1996); HUD v. Riverbay Corporation, HUDALJ 02-93-0320-1 (1994).

4  One Overlook Ave. Corp. v. NY State Div. of Human Rights, 8 A.D.3d 286, 777 N.Y.S.2d 696 (2d Dep’t 2004); Durkee v. Staszak, 223 A.D.2d 984, 636 N.Y.S.2d 880 (3d Dep’t 1996); Landmark Properties v. Olivo, 5 Misc. 3d 18, 783 N.Y.S.2d 745 (App. Term 2d Dep’t 2004); Crossroads Apartments Assoc. v. LeBoo, 152 Misc.2d 830, 578 N.Y.S.2d 1004 (City Ct. Rochester Cty. 1991).

5  Seward Park Housing Corp. v. Cohen, 287 A.D.2d 157, 162, 734 N.Y.S.2d 42, 48 (1st Dep’t 2001); Clearview Gardens v. Volpicelli, 213 A.D.2d 582, 624 N.Y.S.2d 930 (2d Dep’t 1995); Corlear Gardens Housing Company, Inc. v. Ramos, 126 Misc. 2d 416, 481 N.Y.S.2d 577 (Sup. Ct., Bx Cty. 1984) (Because cooperative housing was not explicitly excluded from coverage in the Pet Law statute, Pet Law applies to cooperative housing).

6  Board of Managers of the Parkchester North Condominium v. Quiles, et al., 234 A.D.2d 130, 651 N.Y.S.2d 36 (1st Dept. 1996) (The Pet Law applies to “covenants contained in multiple dwelling leases,” but does not apply to condominiums because they constitute a form of fee ownership, where leases are not applicable). Decisions from the appellate courts in the First Department apply to Manhattan and the Bronx.