When it comes to apartment insurance, getting it quick is good, but getting the right policy is even better when it comes time to file a claim.
It all comes down to service. A steady and experienced hand knows the right questions to ask. Here are a few situations when it can make all the difference — especially when you need apartment insurance in a New York minute.
1) It’s renovation time. You’ve hired a contractor to work on your co-op, and you’ve gotten the green light from the board. Now you need proof of co-op insurance — but you let it lapse.
Gotham says: With contractor’s material manufacture deadlines, you’ll need apartment insurance now. With 50 years of experience in New York City, Gotham can quickly determine what kind of policy will cover you, based on the type of renovation you’re doing, in the event your apartment or the building is damaged during the process.
2) New lease on life. You’re about to sign a lease on a new rental and at the last minute you learn that your landlord requires apartment insurance.
Gotham says: Who knew? Fact is landlords are increasingly requiring apartment insurance — their insurance companies are pressuring them to do so. And if you delay on a rental it’ll be snapped up quicker than the best pizza chef can make a pie.
3) At the closing table. You’re closing on the purchase of a co-op or condo, but you forgot about apartment insurance — or thought the building’s insurance was all the coverage you’d need.
Gotham says: Nothing’s more stressful than being at the closing table without all the necessary documents. Condos and co-ops require apartment insurance. The policy that comes with the co-op usually only covers the building and common areas. You’ll need your own apartment insurance to cover losses such as theft, smoke damage, etc.
Contact Gotham for a free quote today.
A version of this post originally appeared on Brownstoner.