Condominium Insurance

Owning a Condominium Policy Will Provide You With the Following Coverages:

Personal Property Protection

This provides protection for covered losses to your personal, private property under the perils shown below, and any other additional perils listed in the policy (subject to policy terms and conditions).

- Water Damage from Plumbing, Steam or Water Heating Systems
- Wind & Hail
- Vandalism / Riot
- Fire
- Freezing of Plumbing
- Lightning
- Smoke
- Explosion
- Falling Objects

Theft

Theft Coverage can help protect your personal property against several types of loss due to theft (subject to policy terms and conditions).

- Theft on Premises
- Theft off Premises
- Stolen or Forged Checks
- Stolen Credit Cards / Counterfeit Money


Family Liability and Guest Medical Protection

Family Liability and Guest Medical Protection gives you protection against certain personal liability losses (subject to policy terms and conditions).


- Liability and Defense Costs
- Damage to Property & Property Damage Lawsuits
- Guest Medical Protection & Bodily Injury Lawsuits

With a Condominium Owners' Policy you would have:

Loss Assessments Coverage

In the event your condominium association levies special assessments against you as a result of specific losses to your condominium complex, we will pay your share of the assessments up to the coverage limit (subject to policy terms and conditions).

Additional Living Expense Coverage

We will pay the reasonable increase in living expenses that are neccessary to maintain your normal, every day standard of living, up to the amount of time indicated in the policy, if a given covered loss causes your residence premises uninhabitable (subject to policy terms and conditions).

Personal Property Coverage

You will have protection for your furniture, clothing, electrical appliances. If you would like to select ther Personal Property Reimbursement option for an additional premium, we will settle covered losses to many of your personal property items, based on the cost that you incur to either repair or replace them (subject to applicable coverage limits and other policy terms and conditions).

Family Liability and Guest Medical Protection

With our condominium insurance, you have protection against certain liability claims brought by others for bodily injury or damage to their property due to a covered accident (subject to policy terms and conditions).

Guest Medical Protection gives payments for reasonable medical expenses of your guests who are accidentally injured on your property as a result of a covered loss, whether or not the given accident in your home was your fault.

You can design and improve your policy in order to suit your personal needs and the needs of your family members. For an additional premium, you can augment your protection for:

• Jewelry, watches and fur
• Theft of Silverware
• Personal computers
• Portable cellular communications systems
• Musical instruments, cameras, or sports equipment
• Loss Assessments Coverage

You May Save Money on Your Premium - Certain discounts are available that can help to decrease your premium.

Protective Device Discount

If you install certain protective devices, such as smoke alarms, fire extinguishers, and deadbolt locks, you may be eligible for a discount.   Feel free to ask us what devices are necessary to qualify.

55 and Retired Discount

If you are 55 years of age and you are retired, you may be eligible for up to a 10% discount.

 

Doscher/Farrell Insurance Associates
261 Fifth Avenue, Suite 1503
New York, NY 10016