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Understanding Condo Insurance and Co-op Insurance

August 31, 2022

The Essential Information You Need to Buy the Best Condo Insurance Do you own a condominium (condo) or co-operative apartment (co-op) or are you thinking of buying one? Insurance for co-ops and condos is a lot more complicated than homeowner insurance. A lot of people invest in condos without understanding the full implication of their responsibility, or they […]

Filed Under: American Heritage, Condo Tagged With: condo coverage, condo insurance, condominium insurance, condos, purchasing condo insurance

Your homeowners policy may address your condo special assessment. But don’t expect coverage in all cases.

August 24, 2022

Q: You recently wrote a column about condominium building’s reserve funds. You failed to mention that condo special assessments are an insurable risk. I just increased my coverage from a limit of $1,000 to $50,000 for an extra $10 per year. You should mention this to your readers. A: Thanks for bringing this up. You are […]

Filed Under: American Heritage, Condo Tagged With: condo coverage, condo insurance, condominium insurance, coverage, homeowners policy

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