Your homeowners association or condo association has specific needs when it comes to insurance coverage. You must buy policies that protect the property as well as liability policies that provide security against legal costs if a lawsuit is filed against the association’s members. When you are looking for an associations insurance agency, there are a couple of criteria that you want to be sure to use.
The best agency is going to be one that is intimately familiar with the area where you do business. They are better equipped than national companies to understand your specific needs. They are more likely to know the quirks of local ordinances as they pertain to your building or bylaws, and they can advise on specific policies you need to manage regional risks.
Another important trait to seek in an associations insurance agency is its relationship with other insurance companies. Being in a position to work with insurance providers to find you the best policy that fulfills your needs is crucial to building a quality insurance package.
Knowledge is power. Knowing the area and knowing insurance providers are the marks of an agency that is able to serve you well. Protect your HOA or condo association by working with the most knowledgeable agency you can find.