This quiz will highlight the most important aspects of condominium/cooperative insurance for unit owners in New York City. It will help you identify areas where you may have inadequate coverage and offer ideas and information on what you can do to remedy the situation.
If you would like a PDF of your quiz results sent to you, please provide your name and email address at the end of this quiz. If you would like to conduct a review of your insurance needs and receive a proposal from a high-quality insurance company, please select “Yes” to the last question in this quiz. Thank you for taking this quiz. Good luck!
My condominium/cooperative insurance coverage will still cover me and my apartment even if I moved out because of COVID-19 and rented it to someone else.
The personal liability coverage on my condominium/cooperative policy only covers me when I am sued for allegedly causing someone else to be injured?
A condominium/cooperative association can only assess every unit owner up to $1,000 to pay for common area damage repairs that are not covered by the association’s insurance.
All condominium/cooperative insurance policies in NYC will pay the full cost for the insured to live in a similar living situation to what they are accustomed to if their apartment cannot be lived in after a loss.
Condominium/Cooperative insurance will pay to rebuild my apartment after a covered loss no matter what the cost is.
Condominium/Cooperative policies include ample coverage for jewelry that is lost or stolen anywhere in the world.
Most condominium/cooperative policy will provide adequate coverage for the apartment even if the occupant moves out during a major renovation.
Condominium/cooperative insurance policies can be designed to provide coverage for a unit owner’s volunteer activities on the association board of directors.
Condominium/Cooperative or HO-6 insurance is the only type of insurance unit owners need in NYC to cover the risks associated with this asset.
There are several strategies that can be used to reduce the cost of condominium/cooperative insurance in addition to finding another insurance company with lower rates.
Would you like to receive your quiz results by email?
Would you like to conduct a review of your condominium/cooperative insurance and receive an insurance proposal for your insurance from a high quality insurance company? (Note: You can start the process online)
What is your first name?
What is your last name?
What is your email address?
What is your phone number?