Condo Insurance Pricing: Take a Second Look

Over-budget and under the gun – is your condo association enduring budget problems as a result of higher-than-expected costs resulting from this winter’s snow removal? Maybe it’s time to take a second look at your condo insurance pricing and the coverage associated with it. It’s important to get the correct price for the coverage you are getting. You also want to have enough coverage to adequately protect you. 

Condo Insurance Pricing

Policy pricing has seen a decrease during the past couple of years (as much as 8% – which could save over $3000 on a $40,000 policy). In addition, there are measures that can be taken to adjust deductible plans, earn loss free credits, and fix inflated building values that can also help with the budget crunch If your association’s coverage hasn’t reflected similar savings, maybe it’s time to get a new estimate.

Just give Brendon a call at 617-612-6504 and he’ll be happy to provide one to you and answer what questions you might have.

Brendon Kilcoyne, a licensed insurance agent in Watertown, Massachusetts, specializes in providing risk management for condominium associations and apartment complexes; writing magazine articles and hosting various seminars for both condominium associations and apartment complexes. Brendon a graduate of Fairfield University, and the National Alliance Producer School has been at H&K since 2003. He has also obtained the designation of Certified Insurance Counselor (CIC). In order to receive the CIC designation, Brendon had to demonstrate his professional competence in the five CIC institutes, which are personal lines, commercial casualty, commercial property, life & health, and agency management. Brendon is an active member in both CAI (Community Associations Institute) as well as IREM (Institute of Real Estate Management). Along with access to his expertise, he can provide you with direction in determining what kind of program best suits your needs.