Most co-ops, condos, and mortgage lenders require buyers and owners to get property insurance.
But before you start shopping around for the best coverage at the best price, you’ll need to find out what’s covered by your building’s policy and what’s not. You’ll also need to brush up on the minimum requirements of your building as well as your mortgage bank if you have one. New York City apartment insurance broker Jeff Schneider of Gotham Brokerage has the lowdown on that and more:
