You'll also have liability protection for bodily injury or property damage to others.īest of all, it's easy to get a quote for a cooperative insurance policy that will provide these coverages. This is where your personal co-op insurance policy comes into play-bet you didn't see that one coming! Co-op policies help you protect your belongings and the inside of your unit. In most instances the cooperative's coverage takes care of the exterior structure and common areas like hallways, meaning that you are responsible for your interior walls and possibly for fixtures (think sinks, counters, lights, etc.), as well as your personal property and liability exposures. What does a co-op insurance policy cover? Those are just a few of the reasons why you should have co-op insurance designed specifically for co-op owners. An injury sustained by someone who trips over an object in your living room.Smoke damage that ruins the walls in your kitchen.Losses to your unit as a result of a burglary.Your cooperative apartment corporation insurance covers the co-op building, commonly owned property, and liability insurance for the cooperative apartment corporation. Good to go, end of story, time to go see what's on TV-right? You're an owner in a co-op and the corporation or association has insurance. You can learn about co-op insurance below, then get a free co-op insurance rate quote to see how we can help you get the protection you need for both your pad and your possessions. With proper coverage, you can have peace of mind.Īt GEICO we're committed to helping you get the best coverage possible for your home, whether it's a cooperative (co-op), a single family house, or a townhouse. Co-op insurance can help protect the things in your unit that are a big part of what make it home sweet home.
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