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Insurance policy for a co-op apartment
Mon Mar 15, 2010 23:17

What is the minimum amount of insurance for a small one bedroom apartment ($130,000.00)? At the closing a purchaser (student) was told to buy for at least $300,000.00 with $100,000.00 for personal property.
Any info will be appreciated.
Thank you.

    • Insurance policies Steve-Inwood, Sat Mar 20 12:45
      Hi, We have a requirement for insurance coverage that includes "Loss Assessment" coverage. We were encouraged to put this into place based on the events at Castle Village after that wall fell down.... more
    • Insurance policy for a coop apt Gerry, Fri Mar 19 15:22
      It sounds as if the person recommending $300,000 was talking about Personal Liability insurance. A coop/condo/renters policy covers personal property (household furnishings, additions & improvements... more
    • insurance RLM, Wed Mar 17 01:30
      That could a little high, depending on location; but esp. for personal property, unless the individual has a boatload of jewelry/valuables. If you're talking about the building replacement cost, it... more
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