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want to add it to a coop policy. anyone got advice, tips, input ?
I dont think you can add it to coop's ins. however, every coop should have a GROUP RISK policy. muxh cheaper.
Thanks for the tip -- I'll make sure our co-op is covered with a group risk policy.
Individual shareholders should add to their homeowners' policies a loss assessment coverage. In the case of Castle Village, the large assessments shareholders are paying to cover the costs of the collapsed wall are, generally, covered by loss assessment coverage -- if the shareholders had it (and had enough).
What's enough? Hard to say. After Castle Village, I increased my line of coverage to $10,000.
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You mean you want to add it to the corporation's policy, right? As opposed to adding it to the policy of a single apartment in the co-op?
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