Insurance brokers are working to lessen the sting of premium increases by getting proactive about renewals, looking for value rather than the lowest premium, and delivering the news early to allow boards to adjust their budgets accordingly. (Print: INSURANCE STICKER SHOCK)
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“Insurance Premiums” returned 9 articles
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ArticleTopicsColumn TypeIssue
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Insurance Premiums Skyrocket: How to Navigate the Financial Impact
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Hard Facts About Insurance
Currently, co-op and condo board clients are facing challenges due to the hard insurance market, with insurance premiums increasing by 5% to 15%. To keep premiums down, boards can review and consider raising the deductible to avoid smaller claims.
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The Painful Truth About Premiums
Insurance premiums for co-ops and condos have dramatically increased, with some umbrella policy costs tripling or quadrupling. Smaller properties suffer more as the burden is spread among fewer people. Cutting insurance coverage can be risky, as claims often arise when coverage is reduced
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The Problem: Coverage Denied
When carriers refuse to pay for claims, you can fight back and win.
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Contain It
Three tips to lower insurance costs.
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Flood Insurance Premiums Drop
Co-ops and condos are finally catching a break.
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New Insurance Challenges Include Risk, Cost, and Fine Print
What boards need to do to get liability insurance in today's hard insurance market.
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Keeping Insurance Costs in Check
Do your insurance policies really cover everything?
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What Does a Hard Insurance Market Mean for Co-op Boards?
A hard insurance market can mean higher premiums and more headaches for co-op and condo boards.
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