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Co-op Insurance

Owning a Co-Op Policy Will Provide You With the Following Coverages:

Loss of Use of Residence Premises Coverage

This coverage pays for any reasonable increase in your extra living expenses that are needed for maintaining your normal standard of living, such as a place to stay, food, and transportation, if you are unable to reside in your co-op apartment due to a covered loss (subject to policy terms and conditions).

Building Property Protection

This covers items of real property that are part of the residence premises occupied exclusively by you when they are acquired or made at your expense, such as:

Built-in bookshelves
Cabinets
Paneling
Wall-to-wall carpeting

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
- 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

You Can Also Customize Your PolicyWith These Optional Features:

Loss Assessments Protection

Your co-op association may assess you for damage to co-op property or for liability damages. This coverage pays your share of assessments, up to policy limits, when assessment results from a covered loss. A $250 deductible applies.

Personal Property Replacement Cost

It provides full replacement cost on most of your insured personal property. If a covered loss occurs we can pay for repair or replacement of your damaged personal property (subject to limits in your policy) with no deduction for depreciation.

Property Insurance Adjustment

At each renewal your policy is reviewed and your limits adjusted to keep up with today's ever-changing economy.

Extended Coverage On Jewelry, Watches, and Furs

If you own jewelry, watches, furs or gems, you can expand your insurance protection against additional losses and increase your coverage for these items.

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.