Advice for condo buyer
Buying a condo on 2nd street between 4th and 5th ave. Need some advice: what is generally needed insurance wise for a one bedroom condo in a multi dwelling building? Does anyone have ny advice for bicycle storage in that area – there is no place in the building (other than your unit). And finally,…
Buying a condo on 2nd street between 4th and 5th ave. Need some advice: what is generally needed insurance wise for a one bedroom condo in a multi dwelling building? Does anyone have ny advice for bicycle storage in that area – there is no place in the building (other than your unit). And finally, we need to put an island in our kitchen – workspace and seating only. Any advice for where to get a good contractor – or, to buy a ready made unit? Thanks.
Oops, forgot the contact for Gil:
http://www.reitmaninsurance.com
There’s a garage at the bottom of that block – northeast corner of 2nd and 4th Ave – see if they’ll rent you a bike space. Definitely don’t leave your bike on the street there. Nice area, yes, and therefore an easy target.
As for insurance, we really like Gil Reitman. An insurance guy of the old school. He deals with various companies but is very familiar with nyc housing (as opposed to just calling Geico direct, who clearly had no idea what a coop is when I called about insuring ours. I imagine it’s a little easier with condos, but still, great to have someone local).
2ed street between 4th and 5th – very nice area.
What you are looking for is a condo 6 policy.
If you take a $1000. deductible instead of the standard $250., your rates drops quite a bit. Don’t forget to tell the insurance company you have a smoke alarm for a further deduction.
The most interesting way to save the most money is if you combine your car with the condo policy and you automatically qualify for an umbrella policy. It is good to have because it covers some serious legal bills for a small premium. Don’t forget to inquire about it.
Keep this in mind OJ Simpson’s legal bills were covered by his umbrella policy.
State Farm does these type of policies. Call with no obligation to discuss with them or the company of your choice.