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What's the average cost of condo insurance in New York City?

I want to know what the average rate is so I can make sure I won't be overcharged.

Shannon Martin · Updated on Apr 2, 2021

Reviewed by Shannon Martin, Licensed Insurance Agent.

One of the best things about NYC is how diverse it is; there are thousands of unique properties in one small and dense location! This is why it is safe to say that there isn’t an “average” cost for

condo insurance

.

Insurance is so tailored to the individual and the property that any average price estimate might give you a false sense of what you should be paying. The rate of condo insurance is based on zip code, credit, loss history, square footage, building materials, the number of units per structure, and so much more!

The best way to find the right price for your insurance is to get several quotes from different insurance agencies and select the one that best fits your needs.

View full answer

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