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Condo & Co-Op Insurance


CONDO AND CO-OP INSURANCE PROVIDES PROTECTION WHERE CONDO AND CO-OP ASSOCIATIONS DO NOT.

Insuring your condo or co-op is different than buying coverage for a conventional house or for renters.  We understand the market for condos and co-ops owners and specialize in helping our clients with this type of coverage.  There are a number of different ways your association may be set up.  In order to figure out how much insurance coverage you need for your condo or co-op, you need to find out exactly what your association’s master policy covers. Here are some questions to ask:

  • Does the association offer “bare walls” coverage, “single entity” coverage, or “all-inclusive” coverage?
  •  Who insures things like garages, sidewalks, swimming pools, and other common areas?
  • Are you in an earthquake or flood zone?
  •  What am I responsible for insuring? (e.g., If there is a leak in the roof and there is water damage inside my condo unit, whose coverage is used to fix the interior walls?)
  •  How much is the association deductible?
  • Do I have replacement cost or actual cash value coverage for my possessions?

A condo or co-op policy generally covers the following:

  • Real Property
  • Personal Property
  •  Loss Assessment
  •  Additional Living Expense
  •  Liability Coverage
  • Medical Payments

Other coverages for you to consider:

  • Valuable Items
  •  Personal Excess Liability
  • Flood

To learn more about Condo & Co-op insurance, please contact one of our insurance specialists today.