IPOA competitive in quoting coastal condo associations and HOAs ?

Jan 17, 2019

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Are IPOA brokers competitive in high wind risk condo associations (FLORIDA)?

  1. Yes

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  2. No

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  3. Sometimes but there are better options

    0 vote(s)
    0.0%
  1. William C
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    William C New Member

    Posts:
    9
    Likes Received:
    6
    State:
    Florida
    Greetings Insurance Forums,

    This is my first post on this forum (I hope I can get some valuable info and I apologize in advance if I'm breaking any forum rules). I am an independent agent that wants to specialize in coastal condo associations and HOAs (I am a licensed Community Association Manager in FL and worked in property management before insurance). To my knowledge there are only a handful of markets/carriers that will indemnify this type of risk. Some new mid-sized surplus lines carriers have entered the market and are trying to compete with the "too big to fail" companies.

    I'll go ahead and get to the point. I was referred by a friendly agent that IPOA and their brokers have access to the most common COA/HOA markets and then some. Before applying for appointment with them, I want to gather input from other agents in Florida that quote COA/HOA property policies w/ wind through IPOA. Based on your own real world experiences, are they competitive in HIGH WIND & FLOOD RISK HIGH RISE COASTAL CONDOMINIUMS ? Your input will be much appreciated. Thank you in advance to the members that actually give me helpful info.

    Best Regards,
    WC
     
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