I have Travelers / Geico. It went up a bit but not that much.

I have State Farm. I've been with them since 1996 and I believe longevity has an effect on premiums. My rate did not go up anywhere near 25%.

Some factors to consider.
* The size of your deductible. It usually ranges from $500 to $2000 per claim. If you're not at $2000 and you feel you can afford the hit if you have a claim, I would change it to that limit. It will reduce your premium.
* How long have you been with Allstate? Longevity and claim history has an effect
* How many claims have you filed that Allstate had to pay out on?
* What are your various coverage limits?
* Do you have any riders for non-standard insurance, like for jewelry, artwork, collections, things like that? The value of these easily liquidated items has gone up significantly

Bottom line, the cost of insurance had gone up out of proportion to the actual cost of repair/replace. Increased litigation and large damage awards are a factor. Cost of replacement materials and labor has gone up. Increased crime, vandalism, theft, fire all have an effect on premiums.

If you think co-op owner's insurance is ridiculous, you should see your co-op corporation's premium. I was treasurer and I *know*.

Shop around, but make sure you go with a company that is rated A.M. Best "A" or "A+". You don't want insurance that is going to struggle or not be able to pay at all when you need insurance the most.

Good luck.

Thank you for your input, especially you Steve; as usual your feedback is very complete. The rate went up because (a) rates went up, and also (b) Allstate automatically raised something within it. I can't go into it all, but, bottom line is that I spoke to my agent, reduced some coverage, and will take the hit for now. Best regards...

Best of luck to you too, DP.

IIRC the NYC Counsel or the NYC legislature enacted a special exemption permitting board meetings to be held via Zoom or any other video conferencing service. This was done during the height of Covid and was intended to facilitate the board being able to conduct business every month despite any provisions in the By-laws. Check with your co-op's attorney for a definitive answer.

Per a follow-up email from HPD today, in-person meetings are not required. Conversely, online platforms such as Zoom will suffice in agency requirements.

Your Thoughts Please .....

Not sure what else can be added to this conversation. If the HPD said in-person meetings are not required, the board has carte blanche to conduct meetings in a venue of their choosing, be it in person or virtual online.

Am I missing something in your question?

Perhaps BCL "Business Corporation Law " has something? The majority of shareholders are not board with online only, and many are not tech-savvy. Thank you.

I think it’s good to ask shareholders from time to time what they’d like. In 2024 boards need to be more open minded and not everything is about looking at old documents from 30-40 years ago. How about a compromise and one year virtual and the next year in person so both sides are happy?

This is an interesting question. I would believe if a shareholder is requesting the community room to have a shareholders meeting the board should not have the power to denied the shareholder in question the community room.

It’s not like they’re having a party or fundraising event where the board would have the right to express concerns of allowing the shareholders in the community room.

So with that being said I hope there’s an attorney out there that could answer the question in a legal manner if the shareholder in question has had his or hers request to the community room rights violated.

There are rulings in the Mitchell Lama Guidelines underscoring accessibility rights to shareholders. . Worth stating after much push back Gouverneur Shareholders were granted access to use the space to discuss Board Elections. Its was censored by the Board nonetheless. . If anyone out there with legal experience please help with suggestions it will be greatly appreciated.

If the co-op is a mitchell lama co-op the mitchell lama rules states the shareholders rights. also
Hud rights and responsibilities

The Mitchell Lama Guidelines contain rulings underscoring shareholders' accessibility rights. It is worth stating here that we received a lot of pushback from the board.
Shareholders were eventually granted access to our community room to discuss Board Elections, but not without censorship from board members.

Anyone with Legal experience, please advise. It will be greatly appreciated. Thank you.

Is that subletting or you have a roommate?

Airbnb is considered short-term renting. Keep in mind the shareholder is living in the apartment. In fact, its a pre-requisite when applying for a registration number. my question is, can they impose a subletting fee when the shareholding is currently living in the same unit.

https://cooperatornews.com/article/qa-not-fine-with-fines

You are right to identify potential legal and other issues involved with collecting a debt from a shareholder. I would contact the co-op's attorney to get their opinions and recommendations. Engaging a debt collector might create more problems that it solves because of NYC tenants' rights laws, and there are other less draconian ways to resolve an overdue maintenance issue with a shareholder.

If your co-op has a managing agent try asking them what the GFA is. In fact, they should be handling the LL97 issues for you as part of their MA responsibilities.

We had that situation. A sign won’t work because the type of person who would do this will not be scared off by your sign.

You need to catch them in the act and then threaten them with legal action.

The best way to catch them is with a security camera in the laundry room.

Many times, most often, are the shareholders, residents themselves giving keys to those they know nearby allowing them in, caretakers too.

Thank you for your input.

I heard it might be a staff member’s relatives that live near by which makes no sense if you talk about security. Who really are these people? It’s still private property. So one minute you can’t sublet without permission but you can allow random people on our property and give them access? Now I understand why the Super wasn’t concerned.

Oh the other point I wanted to make was our laundry room isn’t extremely big for all the units we have and we can’t expand it but I would need to wait to do my laundry because a relative of a staff member is using it? That’s not right.

I believe you also have legal liability and face a potential negligence lawsuit if a non-shareholder is injured using the washers or dryers on your co-op's private property. Check with your co-op's attorney to see if you have any legal exposure.

Who's name is on the stock certificate? If the parents name is on both then in my opinion the parent should be the only vote. We have that type (sort of) of situation in my bldg. The parents name is on both, so when the adult child constantly is in arrears, we send notice to both. In fact the parent is responsible for both apts. All correspondence should be sent to both.

We are a condo, not a co-op, so owners do not have stock certificates. Our management company has whatever document shows that the parent purchased the apartment; I'll reach out to them.