Getting NYC Condo Insurance is Easier than Getting a Parking Ticket

Gotham Brokerage experts will secure your condo in less than 30 minutes, and it will still be less expensive than a parking ticket

Photo by Matthew Jording / Flickr Creative Commons

Owning your own place is part of the American dream. Whether your dream is a mid-century modern ranch in the suburbs or a condo in a building with a doorman, you have to make sure your dream won’t disappear in a puff of smoke. Which it could if there was a fire. But there’s a difference between homeowners insurance and condo insurance. If you came home one night to find that your entire building had burned to the ground, here’s what your condo building’s master policy would do: rebuild the exterior and the common areas. The interior of your apartment is essentially going to be a concrete box.

That’s right — no walls, no floors, no sinks or toilets, no appliances, and certainly no furniture, clothing or TV. That’s why banks, and most condo associations, demand you have insurance coverage when you buy a condo, and why they usually insist on a minimum amount of coverage. New York City condo insurance is mandatory, but it doesn’t have to cost a fortune or cause any headaches.

Photo by Spencer Rittenour / Flickr Creative Commons

You can insure your condo for about 75 cents a day, and Gotham Brokerage can secure your coverage in under 30 minutes.

Insuring your condo against whatever the city can throw your way costs less than getting towed after double parking to pick up that pizza that you can’t get in less than 30 minutes. Coverage for all your belongings as well as your walls, floors and ceilings costs about $230 to $280 per year. That breaks down to 63-76 cents a day. What can you even buy for that amount anymore? As it turns out, one very crucial thing: valuable insurance to cover everything you’ve worked so hard for.

Photo by Tony Hisgett / Flickr Creative Commons

You already have to shop for insurance coverage when you’re scouring the real estate ads for a new condo anyway. Why not let the experts at Gotham take that one worry off your shoulders? With one phone call, you can reach a broker who will assess your insurance needs and help you secure coverage in about 20 minutes. If you don’t have time to call, you can just fill out the form at right, and you’ll get an email almost instantly. It’s easy enough to forget about apartment insurance, but Gotham will make sure nothing falls through the cracks. Here are some of the events you’d be covered for with the right policy:

• Fire and wind damage
• Theft
• Limited water damage
• Personal liability
• Damage to other residents’ property
• Necessary living expenses including hotel bills, meals, laundry, etc., while your residence is being repaired from damage by a covered event
• Improvements and additions
• Credit card and check forgery

Staking a claim on your own condo isn’t easy. Once you do, you’ll want the peace of mind that comes from knowing everything you own would be replaced if the unthinkable happened. Gotham professionals respond quickly and, with more than 50 years in business, can easily match you with the right insurance company.

Just fill out the form at right or give us a call at 212-406-7300. We’ll be in touch with you in 5-10 minutes and provide you with proof of insurance and peace of mind in less than 30 minutes.