On February 21, one man was killed and his wife hospitalized in an apparent carbon monoxide incident in Melville. Firefighters found the gas leak in a basement hot water heater, where authorities suspect a loose fitting PVC pipe on the heating exhaust system became disassembled filling the house with carbon monoxide. Here are some important safety tips from the Garden City Fire Department for you to keep your home and family safe:
• Carbon monoxide is an odorless, colorless gas that often goes undetected, striking victims caught off guard or in their sleep.
• This “silent killer” is produced by burning fuel in cars or trucks, small engines, stoves, lanterns, grills, fireplaces, gas ranges, portable generators or furnaces. When the gas builds up in enclosed spaces, people or animals who breathe it can be poisoned. Ventilation does not guarantee safety.
• CO Alarms must be installed in ALL NEW AND EXISTING one and two-family dwellings, multifamily dwellings and rentals having any fuel-burning appliance, system or attached garage.
• The National Fire Protection Association (NFPA) recommends CO Alarms be installed in a central location outside each sleeping area and on every level of the home.
• Never ignore a carbon monoxide alarm, and do not try to find the source of the gas. Instead, follow these steps:
** Immediately move outside to fresh air
** Call emergency services, fire department or 911
** Do a head count to check that all persons are accounted for
** Do not re-enter the premises until emergency responders have given you permission
Presiding Officer Rich Nicolello will be hosting local Town Hall Meetings to discuss the County Executive’s Reassessment Plan, and answer residents’ questions about the changes.
Seating is limited, RSVP required: please call Presiding Officer Nicolello’s office at 516.571.6209 to reserve a seat.
- Reassessment Town Hall Meeting – Tuesday, February 26th – 7:00 PM to 9:00 PM – Mineola Community Center – 155 Washington Ave., Mineola
- Reassessment Town Hall Meeting – Thursday, February 28th – 7:00 PM to 9:00 PM – New Hyde Park Road School – 300 New Hyde Park Rd., NHP
- Reassessment Town Hall Meeting – Wednesday, March 13th – 7:00 PM to 9:00 PM – Manhasset Public Library – 30 Onderdonk Ave., Manhasset
If you are a homeowner who disagrees with your home’s assessed value as indicated on your 2020-2021 Tentative Notice of Assessment, Nassau County Legislator Rich Nicolello invites you to attend one of his Property Tax Assessment Workshops. At the workshop, a representative from the Nassau County Assessment Review Commission (ARC) will answer questions and show residents how to use ARC’s online tools to file an “Application for Correction of Assessment” online or via mail. You may dispute the assessed value by April 30, 2019.
REMEMBER: YOU DO NOT HAVE TO PAY A LAW FIRM OR AGENCY TO FILE A GRIEVANCE
For information on your specific property, please visit: LRV.nassaucountyny.gov
For forms and applications, please visit: www.nassaucountyny.gov/agencies/ARC/forms.html
Wednesday, Jan. 30, 2019 @ 10:00 AM – 12:00 PM
Clinton G. Martin Park
New Hyde Park Rd. & Marcus Ave.
New Hyde Park, NY 11040
Monday, Feb. 4, 2019 @ 6:30 PM – 8:30 PM
Clinton G. Martin Park
New Hyde Park Rd. & Marcus Ave.
New Hyde Park, NY 11040
. . . Insurance carriers are the most worried about multifamily properties of all sectors. In addition to natural disasters, multifamily property owners tend to face a lot of lawsuits, with subjects ranging from tenant discrimination to wrongful evictions. This is leading insurers to either avoid the asset class altogether or raise rates and deductibles to cover potential claims even if the property owner is considered low risk. . .https://www.nreionline.com/property-management/six-takeaways-usi-s-2019-property-casualty-and-insurance-market-outlook
With the increase in lawsuits related to tenant safety, insurers are taking a closer look at landlords’ safety and security procedures during the underwriting process. . . As a result of the potential insurance rate increases, property owners should start the policy renewal process early and look at multiple options. . .
Cooking is the leading cause of home structure fires according to research conducted by the National Fire Protection Association (NFPA), and the number of cooking fires increases significantly around Thanksgiving and Christmas holidays. Cooking fires are also one of the most preventable losses in real estate. With regular maintenance and inspections, use of fire suppression devices, working smoke alarms and safe cooking practices, one can nearly eliminate the chance of a catastrophic cooking fire. . .BreAnn Stephenson / Think Realty
Check out this article for 3 Alarms & Fire Suppression Tools, and 10 Safe Cooking Tips: https://thinkrealty.com/prevent-a-holiday-cooking-fire-disaster-in-your-investment-properties/
Won’t Insurance Cover These Losses?
The quick answer is…maybe. While insurance is an important part of your risk mitigation plan, it typically doesn’t cover every type of loss, and each policy is different. Always check with your agent if you are unsure about your coverages. Even if your insurance does help, you can avoid a variety of expenses and hardships (think stress, loss of sleep, lost profits, lawsuits, guilt and more) by taking the proactive steps above.
Jonathan Miller, president and chief executive of the Manhattan-based appraisal company Miller Samuel, said, “we have a potential perfect storm of the impact of the new tax law and the loss of deductions . . . And on top of it, there is a countywide reassessment going on, so both could result in higher homeownership costs that I’m assuming many had not anticipated.”
Newsday, December 9, 2018
Newsday tried to sort out some of the confusion surrounding Nassau County’s property tax reassessment.
In a nutshell:
- The tax notices showing the new market values, “come after years of unsuccessful efforts by the county to fix inaccurate assessment rolls that have resulted in hundreds of millions of dollars worth of successful tax challenges.”
- Nassau County Executive Laura Curran “said reassessment will help Nassau end the cycle of borrowing to pay the backlog of successful tax challenges and defend its tax roll in court.”
- “Under Curran’s reassessment plan, nearly 52 percent of homeowners are expected to see tax increases, while 48 percent will see decreases, according to data provided by the county.
- “At the extremes, more than 11,000 residents will have increases of $5,000 or more, while more than 10,000 will see reductions in that range. Upward of 39,000 homeowners will have increases totaling more than $3,000, while more than 33,000 will see reductions of more than $3,000.”
- “Jonathan Hart, 35, of Levittown, … learned his home’s market value had risen from $242,400 to $452,000. He paid $395,000 for the Cape Cod-style home in 2015, and his total property taxes are projected to rise from $11,595.04 in 2017-18 to $12,719.70 in 2020-21.”
- “George Diacumakos, 53, who spoke with Curran and Nassau County Assessor David Moog at a satellite county assessment office at Christopher Morley Park in Roslyn, said his 1937 Colonial in Manhasset had a market value of $838,000, as of the 2017-18 tax roll. Under reassessment, the market value will jump to $2.011 million for the 2020-21 tax year, online records show. The county estimated his total taxes at $22,393.90 for 2020-21, compared with $16,638.53 in 2017-18.”
Check out the article and see which districts are projected to see the largest increases: https://www.newsday.com/long-island/politics/laura-curran-assessment-nassau-1.24295029
. . . County legislators are worried that the new plan could cause property taxes to rise too suddenly for some homeowners, rather than gradually rising to the appropriate level. On Monday, Moog warned that without state legislation spreading the assessment increases over a five-year period, some homeowners could see their property tax bills increase by 20 percent. . .
“[The assessor’s office] is sending out notices on Nov. 1 that show the fair value and assessed value, but won’t say what the tax impacts are,” Presiding Officer Rich Nicolello (R-New Hyde Park) said.
And that confusion about the tax impact extends to the Nassau legislators.
“I don’t know what impact it will have on people’s home values, and I don’t feel good about approving this without that information,” said Delia DeRiggi-Whitton (D-Glen Cove).
A renters insurance policy is a group of coverages designed to help protect you and your belongings. A typical renters insurance policy includes liability coverage, protection for your belongings and coverage for additional living expenses, should the home you’re renting become temporarily uninhabitable.
While you may not always be able to prevent certain situations, such as a break-in or visitor’s injury, renters insurance, sometimes referred to as “tenant insurance,” may help minimize the impact, whether you’re renting a single-family home or an apartment.
Personal Property Coverage
Think of everything you own. The value of your belongings can quickly add up. Personal property coverage, a typical component of renters insurance, may help cover the cost of replacing your stuff if it’s unexpectedly damaged or ruined. That protection generally applies to certain risks (also referred to as “perils”), such as fire and theft, the Insurance Information Institute (III) explains. So, if your computer and television are stolen, or your furniture and clothing are destroyed by a fire, this coverage may help you pay for the cost of replacing them. It’s important to know that coverage limits — the maximum amount your policy will pay for personal property losses — will apply.
What Is Renters Liability Insurance?
Personal liability coverage is part of a standard renters insurance policy. It may help cover legal expenses or the cost of non-auto-related damages to other people or their property if you are found legally responsible. Liability coverage typically starts at $100,000, says the Insurance Information Institute, with higher limits available.
What Does Personal Liability Insurance Typically Cover? Continue reading “What Is Renters Insurance?”