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A home insurance program geared towards densely populated urban areas known as New York Brick & Brownstone gained real estate insurance program manager Distinguished Programs as an underwriter Wednesday.
The product by Zurich is intended to appeal to owner- or tenant-occupied properties in Manhattan, Brooklyn and Queens and was developed in 2007 to manage costs.
“Previously available customizations to the NY Brick & Brownstone program have been overhauled to offer standardized coverage which should be attractive to building owners in NYC that have a diverse portfolio of properties with specific insurance requirements,” Distinguished Programs said in a press release.
“NY Brick & Brownstone insures more than 11,000 neighborhood building owners, representing 40,000 apartments, condos, and co-ops overall.”
Underwriting Zurich’s hallmark program will certainly be a feather in Distinguished Programs’ hat.
“We’re eager to tap into Zurich’s long presence in the program sector, as well as their many resources and capabilities, including market insights, analytics, and overall strength,” Jeremy Hitzig, CEO of Distinguished Programs said.
The national insurance manager says it brings expertise in real estate, community associations, cultural institutions and hospitality & restaurants.
“We are very excited about having the opportunity to work with Zurich to continue to provide the insurance and risk-management support to families and building owners in the communities that make up the vibrant and thriving neighborhoods of Brooklyn and the other boroughs, ”
Distinguished express president, Helen English said.
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