It seems as though the days of the Co-op door to door insurance sales people have gone forever. While the co-op itself most likely has some type of insurance, you are going to need insurance coverage for your individual unit. The co-op insurance that is purchased by your co-op is not going to cover your unit specifically. That’s because to attract a wide array of health plans and exert purchasing power (bargain on behalf of its members), co-ops must enroll large numbers of employers. But without the ability to “offer substantial choice among well-known health plans, it is difficult for co-ops to attract enrolless, who are drawn to co-ops in part because of their ability to offer such choice.” In other words, it’s the classic “chicken-or-egg” dilemma .
There was a real movement in the 1990s to purchase insurance through co-ops. Those are similar to the exchanges that are being proposed. He thinks co-ops might be too small to offer much of a discount. Sharing is what it’s all about for owners of condos or co-ops. You share walls, roofs, walkways, hallways, boilers, elevators, stairways, as well as other common spaces with other owners.