Condo Association Advise

[Katrinains]

I am currently working on condo policy.
Condo association.
Is there any tips on addtl coverage besides liability and property i should consider?
This is the first condo policy i have ever done.( i mean association)

Currently have PHiladelphia Insurance Comp as carrier.any carriers u know can compete?

 

[nyc2phi]

I am currently working on condo policy. Condo association. Is there any tips on addtl coverage besides liability and property i should consider? This is the first condo policy i have ever done.( i mean association) Currently have PHiladelphia Insurance Comp as carrier.any carriers u know can compete?

Condo Associations usually need D&O coverage as well.

Most carriers write these

 

[HCCIA]

D&O, Umbrella, Workers Comp, Non-Owned Auto, Flood, Earthquake.

Spend some time getting accurate R/C estimates. Don't trust a prior agents work. Look on GoogleEarth to find every structure. Signs, fences, guard shacks, sheds etc. You can lump them all or schedule them all out.

But don't stop there. Get a copy of the by-laws and study the insurance section. Squeeze yourself into an annual meeting and solicit HO-6's to the unit owners. Some of my carriers will offer a discount if they write the association and the unit owner. Get a mailing list of the unit owners.

Hope this helps!

 

[Katrinains]

Thank you so much
It helps alot
Its pretty big policy.It is actually commercial plaza that condo assoc. owns
Plaza has three big day cares this is why im abit worried to make sure i get it done right.
But thank you guys for help

 

[HCCIA]

Thank you so much It helps alot Its pretty big policy.It is actually commercial plaza that condo assoc. owns Plaza has three big day cares this is why im abit worried to make sure i get it done right. But thank you guys for help

Didn't realize it was commercial. Get each tenant's certificate of insurance. Then you will have all of their X-dates. Solicit them!!