Condo & Co-op Insurance

For the unique risks of a city home

Our comprehensive and customizable coverage for condos, co-ops and other city homes includes many of the advantages found in our High Value Homeowners program with specialized coverage for the unique risks you face. Benefits include the flexibility to apply coverage where it’s needed most and coverage for damage to neighboring units to help you avoid tension if a loss at your home causes damage to theirs.

Notable coverage features for condos & co-ops

Flexible Blanket Coverage

Typically, policies provide separate limits for Additions & Alterations (your dwelling) and Contents (your belongings). Our Condo & Co-Op insurance policy allows you to combine these into one limit, giving you flexibility to apply coverage where it’s needed the most.

Coverage for Damage to Neighboring Units

We’ll pay up to $25,000 for damages to a neighbor’s unit caused by a loss that starts in your unit.

Extended Replacement Cost

In the event of a total loss, we’ll cover the full replacement cost of both Additions & Alterations and Contents up to 150% of your policy limit.

Loss Prevention Benefit

For covered losses greater than $10,000, we’ll contribute up to $2,500 to help reduce the likelihood of a similar loss. Our members frequently use this benefit to invest in solutions like leak detection sensors or other smart home technology.

Jewelry Coverage Included in Your Policy

A dedicated Collections policy helps to ensure that your jewelry is well protected. However, for added protection, our Condo & Co-Op insurance policy includes up to $50,000 of coverage for lost, misplaced or stolen jewelry.¹

Flexible Deductible Options & Waiver of Deductible

We offer flexibility to choose a deductible that best fits your lifestyle with options up to $250,000 for condos—the higher the deductible, the greater the savings. We also recognize that large losses can be extremely disruptive, so if you carry a deductible of $25,000 or less and experience a covered loss exceeding $50,000, we’ll waive your deductible.

Loss of Use

If your condo or co-op is unlivable following a covered loss, we will provide coverage for alternate living accommodations—whether you need short-term reservations at a nearby hotel or a comparable rental home in your neighborhood.

Coverage for Pet Damage

Your condo insurance policy includes coverage for damage to your home that is caused by domestic animals.

_{1. Up to $25,000 for any single item. Requires contents coverage of at least $1 million.}

CLAIM SCENARIO

Flexible recovery

A PURE member accidentally left one of his faucets open while the building’s water supply was shut off. When the water returned, it flooded his condominium apartment, ruining his kitchen and causing $12,000 in damage to a neighbor’s unit. Our flexible blanket coverage allowed funds that would normally be used for belongings to be allocated to repairs for the kitchen, so he didn’t have to pay out of pocket, and we also covered the damage to the neighbor’s home.

A photo of a beautifully decorated kitchen with a focus on a bronze sink fixture.

Services to make your life easier

Proactively Preventing Risk at Your City Home

As part of your membership, a PURE Risk Manager may conduct a PURE360^™ Risk Management Consultation at your condominium or co-op to recommend steps to make it safer and more resilient. A PURE Risk Manager can then help you implement recommendations from start to finish.

Dedicated, Compassionate Claims Service

Our claims adjusters are experts at working with you to ensure your claims experience is hassle free. In addition to your adjuster, a dedicated PURE Member Advocate is there for you during and after your claim to help you locate alternate housing, coordinate contractors or other vendors and repair or replace damaged items.

Learn more about our services