Earthquake Insurance Solutions for HOAs
Do you have a BROKEN INSURANCE POLICY?!
YOUR CONDO ASSOCIATION COULD BE OVERPAYING BY AS MUCH AS 41%!
CALL (310) 945-3000For your Free Insurance Evaluation from the Earthquake & Condo Experts
You deserve to have an earthquake insurance expert working for you!
As an independent agent with access to many carriers and programs we can provide creative solutions so you get the BEST possible COVERAGE at the LOWEST available PRICE!
As anyone that specializes in associations can tell you, condominium and homeowners’ associations have many unique issues. The same is true for the insurance they require. These associations are not…
Earthquake insurance is an essential purchase for condo associations because board members have a fiduciary duty to act in the best interests of the Association and its membership as a whole. That means that the board has to consider the needs of ALL owners rather than the desires or personal agendas of one or more individuals.Let’s say your building or complex is substantially damaged from a 7.1 magnitude quake. Chances are every unit owner will face repair and replacement costs running into the six figures, for their share (pro rata) of the special assessment.
Admitted vs Non Admitted Earthquake carriers. Examination of CIGA, surplus lines & admitted paper – What does mean for you the consumer?
For many earthquake insurance consumers in California, having to make a choice between a “non-admitted” and an “admitted” insurance company can be quite confusing. This is due to the fact that most agents are salesman first; doing next to nothing to help you sort out fact from fiction so that you can pick the right policy.
The amount of coverage your HOA needs is outlined in the CC&Rs stating if Full coverage of Unit Interiors, Original Building Standard or Bare Walls coverage is required
CA Insurance Commissioner Poizner Urges All Californians to Evaluate Need for Earthquake Insurance News: 2010 Press Release For Release: April 5, 2010 Nearly 90 percent of homeowners and renters do…
The amount of earthquake peril risk an association or unit owner is exposed to is based upon several factors including: insurance carrier, coverage exclusions, liability limits, deductible clause, endorsements etc.
For months now I’ve been fielding calls from anxious board members, building owners and property managers alike asking for my prediction on Earthquake insurance pricing for 2011. Commercial owners and…
When it comes time to insure and/or renew an HOA earthquake policy, agents, managers and boards alike can easily become overwhelmed and confused. This is especially true when trying to…