Author Topic: Coop insurance recommendations  (Read 1650 times)

Offline QueensGal

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Coop insurance recommendations
« on: March 25, 2015, 04:17:55 PM »
I'm looking for coop insurance and I got a quote through geico since we have a car insurance with them. It seems very basic.

Is there anything I should be looking for when I'm shopping for coop insurance. We live on the top floor and I'm afraid of water damage from a leaky roof, do most insurance cover this?


Offline Minimal4me

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Re: Coop insurance recommendations
« Reply #1 on: March 25, 2015, 06:53:21 PM »
My board had specific requirements that geico (also my auto insurer wouldn't cover). Neither would Farmers, Travelers or some others. I finally got in contact with another recent purchaser through the sellers agent and found a policy. Long way of saying, check to see if your board has specific requirements.

Offline Liz

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Re: Coop insurance recommendations
« Reply #2 on: March 26, 2015, 08:03:55 AM »
Our board had a lot of requirements, but we found Allstate could accomodate them.

Offline rhydewithdis

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Re: Coop insurance recommendations
« Reply #3 on: March 26, 2015, 08:54:16 AM »
I wonder what all those specific stipulations are that some of your buildings are asking for.

I just called up a Metlife agent and they gave me a condo policy, it runs me $170/year with a $500 deductible.

Offline SeanM

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Re: Coop insurance recommendations
« Reply #4 on: October 18, 2015, 01:53:07 PM »
Where did you find a policy for $170 a year?

I have 148k in building coverage, $50k in personal property, and 500k in liability for $540 a year with Allstate.

Offline mchafkin

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Re: Coop insurance recommendations
« Reply #5 on: October 19, 2015, 04:13:05 PM »
i'm not 100% sure, but I would think that water damage from a leaky roof would be the coop's responsibility rather than yours. (so you know: your coop also carries insurance for things that happen outside of the four walls of your apartment.)

I have Amica, which is great, but a bit pricey. My wife and I had all our bags stolen on a trip last year, and our coop insurance policy covered everything very very quickly. Highly recommended.

Jackson Heights Life

Re: Coop insurance recommendations
« Reply #5 on: October 19, 2015, 04:13:05 PM »