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NYC Co-Op Insurance

NYC Co-Op Insurance

NYC Co-Op Insurance: Small Investment, Big Peace of Mind.

Owning property in New York City is no easy task: First comes the long search for the ideal place to call home, then the nerve-wracking offer process, followed by the complicated and often protracted settlement. Once you’ve signed those final closing papers and you own your co-op, all you want to do is move in and get cozy. But before you start picking out paint colors or buying new furniture, there’s one more critical element you need to think about: NYC Co-Op insurance.A Co-Op in New York isn’t exactly an inexpensive investment, and making sure that investment is protected – and protected properly – just makes good financial sense. The good news is, while buying a co-op may come at a high price, the cost of NYC Co-Op insurance is surprisingly low.

Association Policies Aren’t Enough.

Many co-op owners mistakenly believe the insurance provided under the co-op association provides plenty of protection for their needs. But they couldn’t be more wrong. While it’s true the co-op association bears the cost of insuring the building’s structure and common areas, when it comes to your own personal belongings or any of the fixtures in your unit, the responsibility for making sure they’re insured – and you’re protected from potential financial loss – falls squarely on you. We can help you understand your insurance needs so that you obtain coverage that’s customized to your unique lifestyle.

Benefits of NYC Co-Op Insurance.

One of the biggest benefits of NYC co-op insurance is that you can get a lot of coverage for a relatively low cost – often less than a dollar a day. That’s because it’s the co-op association that pays for the lion’s share of coverage for the building itself, and that cost is divided among all co-op owners as part of their dues. As a result, buying a policy for personal belongings and fixtures not covered by the association policy costs far less – typically less than a pack of chewing gum – each day.

That means that for less than what you’d spend on gum, you can know each and every day that your possessions – and your finances – are protected. Considering what you probably shelled out for your co-op’s purchase, that’s a very small investment indeed.

What’s Covered in NYC Co-Op Insurance?

In addition to your personal belongings, appliances and fixtures, your NYC co-op insurance policy can cover any renovations and upgrades you’ve had done to your unit, and depending how extensively you plan to renovate your space – now or in the future – that can be a huge investment.

Our agents will work with you to determine how much coverage you’ll need to replace the items you lose as a result of a wide range of events, including:

  • theft
  • fire
  • wind
  • personal liability
  • damage to property belonging to other residents
  • limited water damage
  • hotel bills and other living expenses while your unit is being repaired after a covered loss occurs

Getting Co-Op Insurance coverage is easy!

Finding the best NYC Co-Op insurance for your New York property is easy, as long as you have the right agent. We have been in business since 1902, which means we offer more than a century of experience to our insurance clients. Yeah – We are that old! Not really, but we are a third generation insurance firm which means insurance runs through our veins. We also happen to be NYC Co-Op unit owners ourselves so we are intimately knowledgeable about the in’s & out’s of buying a NYC co-op, living in a NYC Co-Op and most importantly Insuring a NYC Co-Op

Our agents are always ready to discuss your needs – not just at the point of sale, but whenever you have a claim, question or concern. If you’d like to learn more about the benefits of NYC co-op insurance and how we can help you find just the right policy and coverage for your needs, you can take the first step right now by filling out the form on this page. Once we receive your information, one of our agents will give you a call and discuss your needs with you one on one. Get started now; greater peace of mind is just a mouse-click away.

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