The building-wide insurance policy a co-op or condo carries covering the structure and common areas, distinct from the individual coverage a shareholder or unit owner needs for their own unit’s interior and belongings.

By Tara Crosby

Tara Crosby covers New York City news, business, and technology for New York Daily News, with a focus on stories that directly affect NYC residents, renters, and small business owners -- housing policy, city agencies, local finance, and consumer tech.