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prunepie
LIF Adult
Member since 7/06 4357 total posts
Name:
jennifer
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anyone have co-op insurance? update
i am going to call the place we get our car insurance to get a quote.... i guess co ops have insurance...but its wise to get inside insurance for damage/theft for furniture/belongings.
if things go well... it would be a 2b/2b in south freeport..wondering what you pay and what is covered for that so i know if we are getting a good deal or not!!! tyyyyyyyyyy
update.... i got a quote....but it was more than what people are posting here..
the breakdown was for coverage of
37for cabinets/floors..inside stuff like that
62 for personal belongings....clothes, couches
and 300k for liability.
was something like 37 a month or 450 a year.
do you know for what you pay.....how much coverage you have??? ty so much
Message edited 12/27/2010 1:08:08 PM.
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Posted 12/26/10 5:58 PM  |
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Peaches77
LIF Adult
Member since 1/10 993 total posts
Name:
Me
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Re: anyone have co-op insurance?
I currently live in a co-op and prior to purchase I was required to get insurance. I can't remember if it was required by the co-op or my mortgage company.
I currently pay less than $200 per year; I have it with State Farm which I also have my auto insurance with. So I get a multi-policy discount.
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| Posted 12/26/10 6:17 PM |
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Shorty
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Member since 5/05 30390 total posts
Name:
really
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Re: anyone have co-op insurance?
you're right, its definitely smart to have! call a few places, it might be a little bit of a challenge for you due to your proximity to the water.
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| Posted 12/26/10 7:30 PM |
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MrsRitaB
Love of my life! <3
Member since 4/10 4669 total posts
Name:
Ri
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Re: anyone have co-op insurance?
i was required to have it
i pay $27 per month
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| Posted 12/26/10 8:21 PM |
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prunepie
LIF Adult
Member since 7/06 4357 total posts
Name:
jennifer
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Re: anyone have co-op insurance?
ty tothose who replied..may i ask what company?
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| Posted 12/26/10 10:18 PM |
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Cheeks24
Living a dream
Member since 1/08 8589 total posts
Name:
Cheeks
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Re: anyone have co-op insurance?
My parents are required to have it. They go through Allstate.
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| Posted 12/26/10 10:36 PM |
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jellybean78
:)
Member since 8/06 13103 total posts
Name:
Mommy
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Re: anyone have co-op insurance?
I have it through metlife. I pay like $20 a month. Not required but I'm glad I have it.
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| Posted 12/27/10 10:54 AM |
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caps612
In love with my little guys!!
Member since 8/10 5108 total posts
Name:
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Re: anyone have co-op insurance? update
When I had my co-op i think it was under $200 a year...I have it through Travellers
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| Posted 12/28/10 10:19 AM |
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eddiesmommy
best buds!
Member since 5/09 11524 total posts
Name:
Melissa
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Re: anyone have co-op insurance? update
Ours was required too and yes, its definitely smart bc while the property is insured by the property managment/owners. If there were to be a fire, they are only responsible for the outside and for what is behind the sheetrock. You are most likely responsible for the sheetrock, on in as well as all of your belongings, fixtures, cabinetry, floors, etc.
We pay $27.96/mo through Allstate.
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| Posted 12/28/10 10:59 AM |
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SusiBee
. . . . .
Member since 3/09 8268 total posts
Name:
S
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Re: anyone have co-op insurance? update
Our co-op requires it.
Mine is about $220 per year thru State Farm for basic coverage. I pay more for a rider for other personal property, like our wedding rings and other jewelry not covered under the basic policy.
Not only are you covering your own possessions in case of robbery or god-forbid a fire, you are also covering yourself in case something happens - like your dishwasher leaking and damaging your downstairs neighbor's property or if someone gets hurt inside your home.
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| Posted 12/29/10 9:11 AM |
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Andrewz00
Look! I changed it!
Member since 4/10 1789 total posts
Name:
Andrew
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Re: anyone have co-op insurance? update
Co-Op required....i think its around $250-275 a year?
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| Posted 12/29/10 10:29 AM |
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maybesoon
LIF Adult
Member since 9/09 5981 total posts
Name:
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Re: anyone have co-op insurance? update
our coop didn't require it, we didnt' buy it.
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| Posted 12/29/10 2:00 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: anyone have co-op insurance? update
yeah, don't confuse this. This is the same as Home Owners Insurance if you had a house but just for the inside as the Co-Op is responsible for anything exterior to your home.
For around 200 a year, its a no-brainier to pick it up.
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| Posted 12/30/10 9:07 AM |
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Andrewz00
Look! I changed it!
Member since 4/10 1789 total posts
Name:
Andrew
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Re: anyone have co-op insurance? update
Deductibles
General Deductible $1,000.00
Your Dwelling $15,000
Personal Property With Replacement Cost $30,000
Loss Of Use Of Your Residence Premises $12,000
Personal Liability (each occurrence) $100,000
Medical Payments To Others (each person) $1,000
Additional Coverages
Dwelling $54.00
Personal Property Replacement Cost $35.00
Unit Owners Coverage A Special $13.00
Total Annual Premium $200
Hope that helps.
Message edited 12/30/2010 10:14:02 AM.
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| Posted 12/30/10 10:13 AM |
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